Deprince Race & Zollo Inc. Purchases 39,089 Shares of Heritage Financial Co. (NASDAQ:HFWA)

Deprince Race & Zollo Inc. lifted its position in shares of Heritage Financial Co. (NASDAQ:HFWA) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,817 shares of the financial services provider’s stock after purchasing an additional 39,089 shares during the period. Deprince Race & Zollo Inc. owned 0.52% of Heritage Financial worth $5,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Heritage Financial by 51.8% during the first quarter. US Bancorp DE now owns 1,375 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 469 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Heritage Financial during the first quarter valued at about $39,000. First Horizon Advisors Inc. lifted its position in shares of Heritage Financial by 287.5% during the first quarter. First Horizon Advisors Inc. now owns 1,678 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,245 shares in the last quarter. Soundmark Wealth Management LLC bought a new position in shares of Heritage Financial during the first quarter valued at about $215,000. Finally, Ensign Peak Advisors Inc lifted its position in shares of Heritage Financial by 175.9% during the first quarter. Ensign Peak Advisors Inc now owns 8,000 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 5,100 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of Heritage Financial from a “hold” rating to a “sell” rating in a report on Thursday, July 8th.

Shares of Heritage Financial stock opened at $23.13 on Thursday. Heritage Financial Co. has a 1 year low of $17.39 and a 1 year high of $30.86. The company has a market capitalization of $832.22 million, a price-to-earnings ratio of 13.64 and a beta of 0.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $26.33.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, April 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.17. Heritage Financial had a net margin of 23.75% and a return on equity of 7.36%. The business had revenue of $60.49 million during the quarter, compared to analyst estimates of $62.67 million. Analysts anticipate that Heritage Financial Co. will post 2.07 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 19th. Shareholders of record on Wednesday, May 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, May 4th. This represents a $0.80 annualized dividend and a yield of 3.46%. Heritage Financial’s payout ratio is presently 62.02%.

In other news, EVP Tony Chalfant sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $28.52, for a total value of $57,040.00. Following the completion of the sale, the executive vice president now directly owns 16,771 shares in the company, valued at approximately $478,308.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Cindy M. Huntley sold 1,148 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $28.63, for a total transaction of $32,867.24. Following the completion of the sale, the executive vice president now owns 19,962 shares of the company’s stock, valued at $571,512.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,071 shares of company stock valued at $289,535. 1.80% of the stock is currently owned by company insiders.

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. The company 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.

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Institutional Ownership by Quarter for Heritage Financial (NASDAQ:HFWA)

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