News coverage about Heritage Financial Corporation (NASDAQ:HFWA) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heritage Financial Corporation earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.1162355345184 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate Heritage Financial Corporation (HFWA) Will Announce Quarterly Sales of $42.85 Million (americanbankingnews.com)
- Heritage Financial Corporation (NASDAQ:HFWA) Earns Media Impact Score of 0.28 (elcumanes.com)
- Heritage Financial Corp. (Washington) breached its 50 day moving average in a Bullish Manner : HFWA-US : August 15, 2017 (finance.yahoo.com)
- Heritage Financial Corporation (NASDAQ:HFWA) PT Set at $29.00 by Piper Jaffray Companies (americanbankingnews.com)
HFWA has been the subject of several recent research reports. ValuEngine raised Heritage Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Heritage Financial Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, July 28th. Piper Jaffray Companies reissued a “hold” rating and set a $25.00 price objective on shares of Heritage Financial Corporation in a research report on Wednesday, July 12th. BidaskClub lowered Heritage Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price objective on shares of Heritage Financial Corporation in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.67.
Shares of Heritage Financial Corporation (HFWA) traded up 1.36% during trading on Friday, reaching $26.15. The company’s stock had a trading volume of 116,706 shares. Heritage Financial Corporation has a one year low of $17.60 and a one year high of $27.70. The company has a 50-day moving average price of $26.63 and a 200-day moving average price of $25.32. The stock has a market cap of $778.75 million, a price-to-earnings ratio of 18.68 and a beta of 0.48.
Heritage Financial Corporation (NASDAQ:HFWA) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Heritage Financial Corporation had a return on equity of 8.56% and a net margin of 23.81%. The company had revenue of $44.84 million during the quarter, compared to analysts’ expectations of $41.59 million. On average, equities research analysts forecast that Heritage Financial Corporation will post $1.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, August 8th. Heritage Financial Corporation’s dividend payout ratio (DPR) is presently 37.14%.
In other Heritage Financial Corporation news, Director John A. Clees sold 2,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.28, for a total value of $54,560.00. Following the completion of the sale, the director now directly owns 49,042 shares in the company, valued at $1,337,865.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.
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About Heritage Financial Corporation
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.
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