Heritage Financial (NASDAQ: HFWA)‘s stock had its “buy” rating reiterated by equities research analysts at Wunderlich in a research note issued to investors on Thursday. They currently have a $18.00 price target on the stock.
Separately, analysts at Zacks Investment Research upgraded shares of Heritage Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 10th.
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Heritage Bank and Central Valley Bank (the Banks). The Company’s business consists of lending and deposit relationships with small businesses and their owners in its market areas and attracting deposits from the public. It also makes residential and commercial construction, multi-family and commercial real estate, and consumer loans and originate for sale or investment purposes first mortgage loans on residential properties located in western and central Washington State. In November 2008, the Company completed a sale to the United State Department of the Treasury of 24,000 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A, (preferred shares). In September 2009, the Company completed the sale of 4.3 million shares of common stock in a public offering.
Heritage Financial opened at 14.06 on Thursday. Heritage Financial has a 1-year low of $10.21 and a 1-year high of $15.00. The stock has a 50-day moving average of $13. and a 200-day moving average of $12.26. The company has a market cap of $216.7 million and a price-to-earnings ratio of 15.22.
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