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Frederick B. Rivera, a director at Heritage Financial Corp (NASDAQ:HFWA), recently sold a total of 4,000 shares of the company’s common stock. The transactions, which took place on January 27, 2025, were executed at prices ranging from $25.39 to $25.45 per share.
The total value of the shares sold amounts to approximately $101,722. Following these sales, Rivera retains ownership of 3,844 shares in the company. This move is part of routine transactions disclosed to the Securities and Exchange Commission. According to InvestingPro analysis, Heritage Financial appears undervalued based on its Fair Value metrics, with analysts setting price targets ranging from $24 to $33 per share. Discover more insights and 5 additional ProTips for Heritage Financial with an InvestingPro subscription.
In other recent news, Heritage Financial Corporation reported its fourth-quarter 2024 earnings, falling short of analysts' expectations on both earnings per share (EPS) and revenue. The company posted an EPS of $0.34, significantly below the forecasted $0.45, and reported revenue of $57.05 million, compared to the expected $59.34 million. Despite the miss, Heritage Financial demonstrated resilience in its overall performance with a notable increase in net interest income and an expansion in its net interest margin. The company also saw significant growth in loan balances, marking a 10% annualized growth, and full-year loan growth reached 10.8%. Furthermore, Heritage Financial maintains a strong capital position with a TCE ratio of 9.0%. Looking forward, the company projects continued expansion in its net interest margin and anticipates adding at least one new team in 2025. These are recent developments in the company's financial performance.
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