KBW Sticks to Its Hold Rating for Heritage Financial Corp

By Austin Angelo

KBW analyst Christopher Mcgratty reiterated a Hold rating on Heritage Financial Corp (NASDAQ: HFWA) yesterday and set a price target of $27. The company’s shares opened today at $24.60.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.7% and a 69.4% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Western New England Bancorp Inc.

Heritage Financial Corp has an analyst consensus of Hold, with a price target consensus of $27.

The company has a one year high of $27.30 and a one year low of $16.18. Currently, Heritage Financial Corp has an average volume of 90.36K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Last month, Brian Vance, a Director at HFWA sold 8,562 shares for a total of $220,900.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Heritage Financial Corp. is bank holding company that engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary Heritage Bank. The company’s business consists primarily of lending and deposit relationships with small businesses and their owners in market areas, and attracting deposits from the general public. It also engages in real estate construction and land development loans, one-to-four family residential loans, and consumer loans. The company was founded in August 1997 and is headquartered in Olympia, WA.