Kiley Juergens Wealth Management LLC Decreases Stake in Heritage Financial Co. (NASDAQ:HFWA)

Kiley Juergens Wealth Management LLC cut its stake in Heritage Financial Co. (NASDAQ:HFWA) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,027 shares of the financial services provider’s stock after selling 8,385 shares during the quarter. Heritage Financial comprises about 1.4% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Heritage Financial were worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Heritage Financial by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,852 shares of the financial services provider’s stock worth $34,884,000 after acquiring an additional 80,044 shares in the last quarter. Jennison Associates LLC raised its position in shares of Heritage Financial by 71.4% in the 3rd quarter. Jennison Associates LLC now owns 1,741,058 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 725,257 shares in the last quarter. State Street Corp grew its position in shares of Heritage Financial by 0.3% during the third quarter. State Street Corp now owns 1,594,963 shares of the financial services provider’s stock worth $34,722,000 after buying an additional 4,012 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Heritage Financial by 5.6% during the 2nd quarter. Renaissance Technologies LLC now owns 321,089 shares of the financial services provider’s stock worth $5,789,000 after acquiring an additional 17,100 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Heritage Financial by 3.0% in the 2nd quarter. American Century Companies Inc. now owns 278,017 shares of the financial services provider’s stock valued at $5,013,000 after acquiring an additional 8,112 shares during the last quarter. 78.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.50, for a total transaction of $78,837.50. Following the transaction, the executive vice president now directly owns 20,119 shares of the company’s stock, valued at $533,153.50. This represents a 12.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HFWA. Piper Sandler increased their target price on Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Stephens raised their price objective on shares of Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Heritage Financial presently has an average rating of “Hold” and an average price target of $25.00.

Heritage Financial Trading Up 1.0 %

NASDAQ:HFWA opened at $24.55 on Tuesday. The stock’s 50-day moving average is $25.23 and its two-hundred day moving average is $23.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $838.38 million, a PE ratio of 22.73 and a beta of 0.57. Heritage Financial Co. has a fifty-two week low of $16.55 and a fifty-two week high of $27.58.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $81.65 million during the quarter, compared to analyst estimates of $58.17 million. Heritage Financial had a net margin of 12.27% and a return on equity of 7.01%. During the same quarter in the prior year, the company posted $0.51 EPS. As a group, equities research analysts forecast that Heritage Financial Co. will post 1.76 earnings per share for the current fiscal year.

Heritage Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.92 dividend on an annualized basis and a yield of 3.75%. Heritage Financial’s payout ratio is 85.19%.

Heritage Financial Profile

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.