Kiley Juergens Wealth Management LLC Has $4.65 Million Holdings in Heritage Financial Co. (NASDAQ:HFWA)

Kiley Juergens Wealth Management LLC grew its stake in Heritage Financial Co. (NASDAQ:HFWA) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,596 shares of the financial services provider’s stock after acquiring an additional 1,741 shares during the quarter. Heritage Financial accounts for 1.4% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 15th biggest position. Kiley Juergens Wealth Management LLC owned 0.69% of Heritage Financial worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. bought a new stake in Heritage Financial during the 1st quarter worth approximately $216,000. PNC Financial Services Group Inc. boosted its position in Heritage Financial by 72.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,394 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,428 shares during the last quarter. Wellington Management Group LLP acquired a new position in Heritage Financial during the 4th quarter worth approximately $1,602,000. Penn Capital Management Company LLC acquired a new stake in shares of Heritage Financial in the 4th quarter valued at approximately $670,000. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of Heritage Financial by 27.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 60,628 shares of the financial services provider’s stock valued at $1,297,000 after buying an additional 13,165 shares during the last quarter. 78.30% of the stock is owned by institutional investors.

Heritage Financial Stock Performance

Heritage Financial stock traded down $0.06 during mid-day trading on Wednesday, hitting $17.82. 2,371 shares of the company’s stock traded hands, compared to its average volume of 183,248. The firm has a 50 day simple moving average of $17.93 and a two-hundred day simple moving average of $18.81. Heritage Financial Co. has a fifty-two week low of $15.50 and a fifty-two week high of $22.55. The stock has a market cap of $618.18 million, a price-to-earnings ratio of 13.44 and a beta of 0.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Heritage Financial had a net margin of 15.70% and a return on equity of 8.18%. The business had revenue of $48.63 million for the quarter, compared to analyst estimates of $59.87 million. On average, research analysts expect that Heritage Financial Co. will post 1.62 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.16%. The ex-dividend date was Tuesday, May 7th. Heritage Financial’s payout ratio is 69.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective on shares of Heritage Financial in a report on Wednesday, June 26th. Stephens reissued an “equal weight” rating and issued a $22.00 price objective on shares of Heritage Financial in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.75.

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.