Heritage Financial Corporation $HFWA Shares Sold by Wellington Management Group LLP

Posted by George Bondi on Sep 8th, 2026

Wellington Management Group LLP lowered its stake in Heritage Financial Corporation (NASDAQ:HFWA – Free Report) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 528,113 shares of the financial services provider’s stock after selling 100,207 shares during the period. Wellington Management Group LLP owned approximately 1.29% of Heritage Financial worth $15,643,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HFWA. Legal & General Group Plc acquired a new stake in shares of Heritage Financial during the second quarter worth $2,665,000. Heartland Advisors Inc. acquired a new position in shares of Heritage Financial in the 2nd quarter valued at $8,146,000. Rhino Investment Partners Inc boosted its holdings in shares of Heritage Financial by 77.7% in the first quarter. Rhino Investment Partners Inc now owns 330,459 shares of the financial services provider’s stock worth $8,592,000 after buying an additional 144,515 shares during the period. Basswood Capital Management L.L.C. grew its position in Heritage Financial by 163.1% during the 4th quarter. Basswood Capital Management L.L.C. now owns 607,105 shares of the financial services provider’s stock worth $14,358,000 after purchasing an additional 376,368 shares in the last quarter. Finally, Martin & Co. Inc. TN acquired a new stake in Heritage Financial during the 2nd quarter valued at $4,031,000. Institutional investors and hedge funds own 78.30% of the company’s stock.

Insider Buying and Selling

In other Heritage Financial news, Director Jeffrey Lyon sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the director directly owned 40,719 shares in the company, valued at $1,221,570. This trade represents a 19.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew Ray sold 3,692 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $30.10, for a total value of $111,129.20. Following the sale, the executive vice president owned 22,735 shares of the company’s stock, valued at approximately $684,323.50. This trade represents a 13.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,704 shares of company stock valued at $620,059 in the last three months. 1.49% of the stock is currently owned by corporate insiders.

Heritage Financial Stock Performance

HFWA stock opened at $29.29 on Tuesday. The firm has a 50 day moving average of $29.59 and a two-hundred day moving average of $27.90. Heritage Financial Corporation has a 12 month low of $21.32 and a 12 month high of $31.25. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.95 and a beta of 0.48. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17.

Heritage Financial (NASDAQ:HFWA – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.13. Heritage Financial had a net margin of 20.44% and a return on equity of 8.78%. The business had revenue of $84.12 million for the quarter, compared to the consensus estimate of $86.30 million. As a group, equities analysts anticipate that Heritage Financial Corporation will post 2.37 EPS for the current fiscal year.

Heritage Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.4%. Heritage Financial’s dividend payout ratio (DPR) is currently 47.62%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HFWA shares. Stephens raised their target price on Heritage Financial from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. DA Davidson raised their price objective on Heritage Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wall Street Zen raised Heritage Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Heritage Financial in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Heritage Financial from $31.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.50.

Read Our Latest Analysis on Heritage Financial

About Heritage Financial

(Free Report)

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.