Today, the EVPand CFO of Heritage Financial Corp (NASDAQ: HFWA), Donald Hinson, bought shares of HFWA for $29.54K.
Following Donald Hinson’s last HFWA Buy transaction on November 07, 2017, the stock climbed by 4.9%. This recent transaction increases Donald Hinson’s holding in the company by 5.91% to a total of $1.27 million.
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Based on Heritage Financial Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $54.24 million and quarterly net profit of $11.86 million. In comparison, last year the company earned revenue of $46.47 million and had a net profit of $11.75 million. HFWA’s market cap is $1.2B and the company has a P/E ratio of 29.42. Currently, Heritage Financial Corp has an average volume of 64.53K.
Six different firms, including D.A. Davidson and FIG Partners, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $40.00, reflecting a -11.6% downside.
In the last 30 days, insiders have sold $339.1K worth of HFWA shares and purchased $29.54K worth of HFWA shares. The insider sentiment on Heritage Financial Corp has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Heritage Financial Corp. is bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary Heritage Bank. It includes commercial lending and deposit relationships with small businesses and their owners in market areas, and attracting deposits from the general public.
