Heritage Financial (HFWA) Upgraded by Keefe, Bruyette & Woods to Outperform

Keefe, Bruyette & Woods upgraded shares of Heritage Financial (NASDAQ:HFWA) from a market perform rating to an outperform rating in a research report report published on Monday, March 12th, Marketbeat Ratings reports.

Several other equities analysts also recently weighed in on the company. Sandler O’Neill reiterated a buy rating and set a $35.50 target price on shares of Heritage Financial in a research report on Friday, January 19th. BidaskClub downgraded Heritage Financial from a buy rating to a hold rating in a research report on Saturday, December 16th. ValuEngine upgraded Heritage Financial from a hold rating to a buy rating in a research report on Saturday, February 17th. FIG Partners upgraded Heritage Financial from a market-perform rating to an outperform rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research downgraded Heritage Financial from a buy rating to a hold rating in a research report on Tuesday, March 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $34.60.

HFWA traded down $0.95 on Monday, hitting $29.95. 148,281 shares of the company were exchanged, compared to its average volume of 215,065. The firm has a market cap of $1,042.51, a price-to-earnings ratio of 20.24, a PEG ratio of 1.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.84 and a quick ratio of 0.84. Heritage Financial has a 12 month low of $23.00 and a 12 month high of $33.25.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.06. Heritage Financial had a return on equity of 8.86% and a net margin of 21.16%. The business had revenue of $46.22 million during the quarter, compared to analyst estimates of $43.74 million. sell-side analysts anticipate that Heritage Financial will post 1.78 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Martin & Co. Inc. TN grew its stake in shares of Heritage Financial by 4.7% during the fourth quarter. Martin & Co. Inc. TN now owns 64,879 shares of the financial services provider’s stock valued at $1,998,000 after buying an additional 2,885 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Heritage Financial during the fourth quarter valued at approximately $389,000. Forest Hill Capital LLC grew its stake in shares of Heritage Financial by 1.5% during the fourth quarter. Forest Hill Capital LLC now owns 389,117 shares of the financial services provider’s stock valued at $11,985,000 after buying an additional 5,800 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Heritage Financial by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 978,324 shares of the financial services provider’s stock valued at $30,133,000 after buying an additional 8,011 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Heritage Financial by 87.7% during the fourth quarter. Deutsche Bank AG now owns 126,917 shares of the financial services provider’s stock valued at $3,907,000 after buying an additional 59,292 shares during the last quarter. 70.94% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Heritage Financial (HFWA) Upgraded by Keefe, Bruyette & Woods to Outperform” was first posted by BBNS and is the sole property of of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://baseballnewssource.com/2018/04/06/heritage-financial-hfwa-rating-increased-to-outperform-at-keefe-bruyette-woods/2037618.html.

Heritage Financial Company Profile

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.

Analyst Recommendations for Heritage Financial (NASDAQ:HFWA)

Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.