Arizona State Retirement System Sells 692 Shares of Heritage Financial Co. (NASDAQ:HFWA)

Arizona State Retirement System trimmed its position in shares of Heritage Financial Co. (NASDAQ:HFWA) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,762 shares of the financial services provider’s stock after selling 692 shares during the period. Arizona State Retirement System’s holdings in Heritage Financial were worth $244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HRT Financial LP raised its position in shares of Heritage Financial by 308.9% during the first quarter. HRT Financial LP now owns 44,789 shares of the financial services provider’s stock valued at $1,264,000 after buying an additional 33,835 shares during the last quarter. UBS Group AG raised its position in shares of Heritage Financial by 30.8% during the first quarter. UBS Group AG now owns 64,071 shares of the financial services provider’s stock valued at $1,809,000 after buying an additional 15,081 shares during the last quarter. Forest Hill Capital LLC raised its position in shares of Heritage Financial by 17.1% during the first quarter. Forest Hill Capital LLC now owns 327,005 shares of the financial services provider’s stock valued at $9,235,000 after buying an additional 47,660 shares during the last quarter. Citigroup Inc. raised its position in Heritage Financial by 103.6% in the first quarter. Citigroup Inc. now owns 20,558 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 10,460 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in Heritage Financial by 175.9% in the first quarter. Ensign Peak Advisors Inc now owns 8,000 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 5,100 shares in the last quarter. 79.07% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of Heritage Financial from a “buy” rating to a “hold” rating in a report on Monday, August 30th.

HFWA opened at $23.54 on Wednesday. Heritage Financial Co. has a one year low of $17.39 and a one year high of $30.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day simple moving average is $24.23 and its 200-day simple moving average is $26.60. The stock has a market capitalization of $846.76 million, a P/E ratio of 8.65 and a beta of 0.81.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings data on Thursday, July 22nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.39. Heritage Financial had a net margin of 38.88% and a return on equity of 11.92%. The firm had revenue of $62.56 million for the quarter, compared to analysts’ expectations of $59.80 million. As a group, analysts anticipate that Heritage Financial Co. will post 2.57 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 18th. Stockholders of record on Wednesday, August 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.40%. Heritage Financial’s dividend payout ratio is 62.02%.

About Heritage Financial

Heritage Financial Corp. is bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary Heritage Bank. It includes commercial lending and deposit relationships with small and medium businesses and their owners in market areas, and attracting deposits from the general public.

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

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