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

Kiley Juergens Wealth Management LLC reduced its holdings in shares of Heritage Financial Co. (NASDAQ:HFWA) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,855 shares of the financial services provider’s stock after selling 1,888 shares during the period. Heritage Financial comprises 1.7% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Kiley Juergens Wealth Management LLC owned 0.68% of Heritage Financial worth $5,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HFWA. Aigen Investment Management LP bought a new stake in shares of Heritage Financial in the 3rd quarter worth about $206,000. Charles Schwab Investment Management Inc. grew its position in shares of Heritage Financial by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 982,685 shares of the financial services provider’s stock worth $16,028,000 after buying an additional 45,052 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Heritage Financial by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 928,004 shares of the financial services provider’s stock worth $15,136,000 after buying an additional 65,662 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Heritage Financial by 34.7% in the 3rd quarter. Schroder Investment Management Group now owns 535,820 shares of the financial services provider’s stock worth $8,739,000 after buying an additional 137,915 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Heritage Financial by 6.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,697 shares of the financial services provider’s stock worth $305,000 after buying an additional 1,092 shares during the last quarter. 78.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HFWA has been the subject of a number of recent analyst reports. Stephens reiterated an “equal weight” rating and issued a $22.00 target price on shares of Heritage Financial in a research note on Wednesday, March 13th. DA Davidson cut their price target on shares of Heritage Financial from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, January 26th. Keefe, Bruyette & Woods cut their price target on shares of Heritage Financial from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Finally, StockNews.com raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.25.

Heritage Financial Stock Performance

Shares of NASDAQ HFWA traded down $0.15 during mid-day trading on Tuesday, hitting $17.12. 176,635 shares of the company were exchanged, compared to its average volume of 186,166. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $18.43 and a 200-day simple moving average of $18.67. Heritage Financial Co. has a 1-year low of $14.85 and a 1-year high of $22.55. The firm has a market cap of $593.21 million, a price-to-earnings ratio of 9.78 and a beta of 0.54.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Heritage Financial had a return on equity of 8.66% and a net margin of 20.37%. The firm had revenue of $50.72 million during the quarter, compared to the consensus estimate of $62.00 million. On average, sell-side analysts forecast that Heritage Financial Co. will post 1.74 EPS for the current fiscal year.

Heritage Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Wednesday, February 7th. This is a boost from Heritage Financial’s previous quarterly dividend of $0.22. Heritage Financial’s dividend payout ratio (DPR) is currently 52.57%.

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.