The stock last traded at $30.60 a tad higher than $28.62, the stock’s 50 day moving average and well above the 200 day moving average of $26.46. The 50 day moving average went up $1.98 or +6.92% whereas the 200 day average was up by +15.66%. Heritage Financial Corporation shares had a trading volume of 2,360 on Tuesday. Overall, volume was down 96.84% under the stocks normal daily volume.
Investors are more bullish on shares of Heritage Financial Corporation recently if you take note of the fall in short interest. The company experienced a fall in short interest of -15.79% between September 15, 2017 and September 29, 2017. Short interest decreased from 851,865 to 717,396 over that period. With short interest at 717,396 and short average daily volume at 130,672, days to cover is 5.0 and the percentage of shorted shares was 0.02% on September 29.
These funds have shifted positions in (HFWA). As of quarter end Context Bh Capital Management, Lp had disposed of a total of 99 shares trimming its position 0.1%. The value of the company’s investment in Heritage Financial Corporation increased from $4,667,000 to $4,995,000 a change of $328,000 for the reporting period. Meeder Asset Management Inc bolstered its investment by buying 757 shares an increase of 42.2% in the quarter. Meeder Asset Management Inc now holds 2,549 shares with a value of $75,000. The value of the position overall is up by 59.6%.
Mutual Of America Capital Management LLC expanded its holdings by buying 3,435 shares an increase of 2.5% as of 09/30/2017. Mutual Of America Capital Management LLC controls 142,845 shares valued at $4,214,000. The total value of its holdings increased 14.1%. Shell Asset Management CO trimmed its stake by shedding 1,000 shares a decrease of 2.3%. Shell Asset Management CO currently owns 42,348 shares worth $1,249,000. The total value of its holdings increased 8.7%.
The most current P/E ratio is 21.86 and the market cap of the company is 911.27M. As of the latest earnings report the EPS was $1.40 and is projected to be $1.42 for the current year with 29,780,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.36 with next year’s EPS projected to be $1.55.
Heritage Financial Corporation, launched on August 28, 1997, is a bank holding company. The Company is involved in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank also makes real estate construction loans, land development loans and consumer loans, and originates first mortgage loans on residential properties primarily located in its market area..