Heritage FinancialHFWA
Market Cap: $749M
About: Heritage Financial Corp is a bank holding company. The company through its subsidiary provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as noninterest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties mainly located in its market area. Geographically, all the business activity functions through the region of the United States.
Employees: 799
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
106% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 16
32% more call options, than puts
Call options by funds: $50K | Put options by funds: $38K
12% more funds holding
Funds holding: 147 [Q1] → 164 (+17) [Q2]
3.85% less ownership
Funds ownership: 82.59% [Q1] → 78.75% (-3.85%) [Q2]
12% less capital invested
Capital invested by funds: $558M [Q1] → $493M (-$65.7M) [Q2]
27% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 63
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Matthew Clark 53% 1-year accuracy 9 / 17 met price target | 20%upside $26 | Overweight Maintained | 29 Jul 2024 |
Keefe, Bruyette & Woods Kelly Motta 71% 1-year accuracy 10 / 14 met price target | 6%upside $23 | Market Perform Maintained | 26 Jul 2024 |
Keefe, Bruyette & Woods Kelly Motta 71% 1-year accuracy 10 / 14 met price target | 8%downside $20 | Market Perform Maintained | 26 Jun 2024 |