Heritage Financial Corp was Downgraded to a Hold Rating at KBW

By Carrie Williams

Heritage Financial Corp (NASDAQ: HFWA) received a Hold rating from KBW analyst Jacquelynne Bohlen today. The company’s shares closed yesterday at $36.60, close to its 52-week high of $37.38.

According to TipRanks.com, Bohlen is a 4-star analyst with an average return of 10.4% and a 64.8% success rate. Bohlen covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Pacific Premier Bancorp Inc, and Pacific Mercantile Bancorp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Heritage Financial Corp with a $39 average price target.

See today’s analyst top recommended stocks >>

Heritage Financial Corp’s market cap is currently $1.25B and has a P/E ratio of 29.52. The company has a Price to Book ratio of 1.96.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HFWA in relation to earlier this year. Most recently, in May 2018, Jeffrey Lyon, a Director at HFWA bought 1,167 shares for a total of $35,185.

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, 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.