The stock of Heritage Financial Corp (NASDAQ:HFWA) hit a new 52-week high and has $25.09 target or 8.00% above today’s $23.23 share price. The 5 months bullish chart indicates low risk for the $695.51 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $25.09 price target is reached, the company will be worth $55.64M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 76,241 shares traded hands. Heritage Financial Corp (NASDAQ:HFWA) has risen 24.86% since April 28, 2016 and is uptrending. It has outperformed by 18.94% the S&P500.
Analysts await Heritage Financial Corp (NASDAQ:HFWA) to report earnings on January, 26. They expect $0.33 earnings per share, up 3.13% or $0.01 from last year’s $0.32 per share. HFWA’s profit will be $9.88 million for 17.60 P/E if the $0.33 EPS becomes a reality. After $0.37 actual earnings per share reported by Heritage Financial Corp for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.
Heritage Financial Corp (NASDAQ:HFWA) Ratings Coverage
Out of 3 analysts covering Heritage Financial (NASDAQ:HFWA), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Heritage Financial has been the topic of 3 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Friday, October 23 by Keefe Bruyette & Woods. The stock of Heritage Financial Corp (NASDAQ:HFWA) has “Neutral” rating given on Monday, September 28 by Piper Jaffray. The stock of Heritage Financial Corp (NASDAQ:HFWA) earned “Mkt Perform” rating by Raymond James on Monday, October 5.
According to Zacks Investment Research, “Heritage Financial Corporation, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.37 in 2016 Q2. Its down 0.01, from 1.38 in 2016Q1. The ratio turned negative, as 6 funds sold all Heritage Financial Corp shares owned while 34 reduced positions. 15 funds bought stakes while 40 increased positions. They now own 21.04 million shares or 0.20% more from 21.00 million shares in 2016Q1.
Martingale Asset L P reported 85,387 shares or 0.02% of all its holdings. Swiss Fincl Bank, a Switzerland-based fund reported 47,668 shares. Vantage Advisors Limited owns 2,125 shares or 0.02% of their US portfolio. Badgley Phelps And Bell Incorporated accumulated 0.02% or 14,247 shares. Emerald Mutual Fund Advisers holds 0.1% of its portfolio in Heritage Financial Corp (NASDAQ:HFWA) for 103,401 shares. Moreover, Teachers Advsr has 0% invested in Heritage Financial Corp (NASDAQ:HFWA) for 69,291 shares. Investment Counselors Of Maryland Ltd owns 1.09 million shares or 1.05% of their US portfolio. Ameriprise Fincl owns 145,205 shares or 0% of their US portfolio. Moreover, Jpmorgan Chase & has 0% invested in Heritage Financial Corp (NASDAQ:HFWA) for 41,438 shares. Tradewinds Capital Mgmt Ltd has invested 0.01% of its portfolio in Heritage Financial Corp (NASDAQ:HFWA). Legal General Plc holds 0% of its portfolio in Heritage Financial Corp (NASDAQ:HFWA) for 5,095 shares. Us Commercial Bank De reported 373 shares or 0% of all its holdings. Vanguard Grp last reported 0% of its portfolio in the stock. Morgan Stanley holds 0% of its portfolio in Heritage Financial Corp (NASDAQ:HFWA) for 261,422 shares. Stieven Capital Advsr Ltd Partnership last reported 285,156 shares in the company.
Insider Transactions: Since June 14, 2016, the stock had 1 insider purchase, and 5 insider sales for $237,453 net activity. Another trade for 1,262 shares valued at $26,616 was sold by McDonald Bryan. CLEES JOHN A also sold $43,854 worth of Heritage Financial Corp (NASDAQ:HFWA) shares. $18,467 worth of Heritage Financial Corp (NASDAQ:HFWA) was sold by Spurling David A. Another trade for 175 shares valued at $3,047 was bought by Altom Rhoda L.
Another recent and important Heritage Financial Corp (NASDAQ:HFWA) news was published by Prnewswire.com which published an article titled: “Heritage Financial Announces Third Quarter 2016 Results And Declares Regular …” on October 27, 2016.
HFWA Company Profile
Heritage Financial Corporation, incorporated on August 28, 1997, is a bank holding company. The Firm is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s business consists of lending and deposit relationships with small businesses and their owners in its market areas and attracting deposits from the general public. The Bank also makes real estate construction loans, land development loans and consumer loans, and originates first mortgage loans on residential properties primarily located in its market area.
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