Heritage Financial Corp (NASDAQ: HFWA) is 25.29% higher on its value in year-to-date trading and has touched a low of $16.55 and a high of $27.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HFWA stock was last observed hovering at around $26.79 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $26.80, the stock is 4.24% and 14.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.04% at the moment leaves the stock 31.76% off its SMA200. HFWA registered 55.36% gain for a year compared to 6-month gain of 49.89%. The firm has a 50-day simple moving average (SMA 50) of $23.3056 and a 200-day simple moving average (SMA200) of $20.29535.
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The stock witnessed a 16.57% loss in the last 1 month and extending the period to 3 months gives it a 17.49%, and is 5.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 3.36% over the month.
Heritage Financial Corp (HFWA) has around 764 employees, a market worth around $915.31M and $306.05M in sales. Current P/E ratio is 24.91 and Fwd P/E is 14.07. Profit margin for the company is 12.27%. Distance from 52-week low is 61.98% and -2.81% from its 52-week high. The company has generated returns on investments over the last 12 months (4.19%).
The EPS is expected to shrink by -22.76% this year
243.0 institutions hold shares in Heritage Financial Corp (HFWA), with institutional investors hold 84.50% of the company’s shares. The shares outstanding are 34.91M, and float is at 33.53M with Short Float at 1.19%. Institutions hold 82.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.98 million shares valued at $89.82 million. The investor’s holdings represent 14.3053 of the HFWA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.49 million shares valued at $44.9 million to account for 7.1503 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.93 million shares representing 5.5559 and valued at over $34.88 million, while ALLIANCEBERNSTEIN L.P. holds 4.8863 of the shares totaling 1.7 million with a market value of $30.68 million.
Heritage Financial Corp (HFWA) Insider Activity
Heritage Financial Corp disclosed in a document filed with the SEC on Nov 07 ’24 that Chalfant Tony (EVP Chief Credit Officer) sold a total of 2,975 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $26.50 per share for $78838.0. Following the transaction, the insider now directly holds 20119.0 shares of the HFWA stock.
Still, SEC filings show that on Dec 14 ’23, Rivera Frederick B (Director) acquired 100 shares at an average price of $21.64 for $2164.0. The insider now directly holds 4,821 shares of Heritage Financial Corp (HFWA).
