Heritage Financial Corp’s (NASDAQ:HFWA) Sentiment is 1.09

November 14, 2017 - By Kurt Siggers

 Heritage Financial Corp's (NASDAQ:HFWA) Sentiment is 1.09

Sentiment for Heritage Financial Corp (NASDAQ:HFWA)

Heritage Financial Corp (NASDAQ:HFWA) institutional sentiment decreased to 1.09 in 2017 Q2. Its down -0.18, from 1.27 in 2017Q1. The ratio is negative, as 58 funds opened new and increased positions, while 53 sold and decreased stakes in Heritage Financial Corp. The funds in our partner’s database reported: 22.24 million shares, up from 21.84 million shares in 2017Q1. Also, the number of funds holding Heritage Financial Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 46 Increased: 46 New Position: 12.

Heritage Financial Corporation is a bank holding company. The company has market cap of $899.37 million. The Firm is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank . It has a 21.65 P/E ratio. The Bank’s lending activities focus on commercial business lending.

The stock increased 1.18% or $0.35 during the last trading session, reaching $30.05. About 174,857 shares traded. Heritage Financial Corp (NASDAQ:HFWA) has risen 35.92% since November 14, 2016 and is uptrending. It has outperformed by 19.22% the S&P500.

Wall Street await Heritage Financial Corp (NASDAQ:HFWA) to release earnings on January, 25. Analysts forecast earnings per share of $0.37, up exactly $0.04 or 12.12 % from 2014’s $0.33 EPS. The expected HFWA’s profit could reach $11.07 million giving the stock 20.30 P/E in the case that $0.37 earnings per share is reported. After posting $0.35 EPS for the previous quarter, Heritage Financial Corp’s analysts now forecast 5.71 % EPS growth.

Forest Hill Capital Llc holds 2.99% of its portfolio in Heritage Financial Corp for 376,686 shares. Stieven Capital Advisors L.P. owns 458,556 shares or 2.28% of their US portfolio. Moreover, Thomson Horstmann & Bryant Inc has 1.79% invested in the company for 522,691 shares. The New York-based Jacobs Asset Management Llc has invested 1.54% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 908,920 shares.#img1#

Heritage Financial Corp (NASDAQ:HFWA) Ratings Coverage

Ratings analysis reveals 25% of Heritage Financial’s analysts are positive. Out of 4 Wall Street analysts rating Heritage Financial, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $19 while the high is $36. The stock’s average target of $30.67 is 2.06% above today’s ($30.05) share price. HFWA was included in 8 notes of analysts from September 28, 2015. The company was downgraded on Monday, October 5 by Raymond James. The stock has “Hold” rating by Piper Jaffray on Monday, August 14. Piper Jaffray maintained it with “Hold” rating and $2500 target in Monday, July 10 report. Piper Jaffray maintained Heritage Financial Corp (NASDAQ:HFWA) rating on Thursday, October 5. Piper Jaffray has “Hold” rating and $29.0 target. As per Friday, October 23, the company rating was downgraded by Keefe Bruyette & Woods. Piper Jaffray initiated the shares of HFWA in report on Monday, September 28 with “Neutral” rating. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. The firm has “Buy” rating by DA Davidson given on Tuesday, November 7.

Another recent and important Heritage Financial Corp (NASDAQ:HFWA) news was published by Prnewswire.com which published an article titled: “Heritage Financial Corporation to Acquire Puget Sound Bancorp, Inc.” on July 27, 2017.

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