Heritage Financial Corporation (NASDAQ GS:HFWA) stock observed trading -23.33% off 52-week high price. On the other end, the stock has been noted 8.24% away from low price over the last 52-weeks. The stock disclosed a move of 2.26% away from 50 day moving average and -6.93% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.42% off 20-day moving average. It has market cap of $1007.56M and dividend yield of 2.78%.
On Oct. 24, 2019, Heritage Financial Corporation (NASDAQ GS:HFWA) the parent company of Heritage Bank, reported that the Company had net income of $17.9 million for the quarter ended September 30, 2019 compared to $16.0 million for the linked-quarter ended June 30, 2019 and $15.5 million for the quarter ended September 30, 2018. Diluted earnings per share for the quarter ended September 30, 2019 was $0.48 compared to $0.43 for the linked-quarter ended June 30, 2019 and $0.42 for the quarter ended September 30, 2018.
Jeffrey J. Deuel, President and Chief Executive Officer of Heritage commented, We are pleased with our overall financial performance. Although loan growth was muted due to continued high loan prepayments, we saw strong deposit growth during the third quarter which helped us fund asset growth and cross the $5.5 billion asset level. We are particularly pleased with the growth in noninterest bearing demand deposits which helps mitigate the impacts of the rate environment on our net interest margin.
We are also pleased with our efforts to make a difference in our local communities. We are proud to be a construction lender and tax credit investor to Bridge Housing’s Cornelius Place project. In partnership with the City of Cornelius, Bienestar and Bridge Housing, we financed this completed and occupied 45-unit senior affordable housing apartment building located in Cornelius, Oregon.
In addition, Heritage continues to be a driving force behind small business lending in Washington and Oregon. In the SBA 504 loan program, Portland districts combined, we increased production by 150% from the prior year.
The USA based company Heritage Financial Corporation moved with change of 1.11% to $27.32 with the total traded volume of 136206 shares in recent session versus to an average volume of 167.64K. The stock was observed in the 5 days activity at 0.11%. The one month performance of stock was 2.55%. HFWA’s shares are at -2.43% for the quarter and driving a -9.14% return over the course of the past year and is now at -8.08% since this point in 2018. Right now the stock beta is 0.72. The average volatility for the week and month was at 2.22% and 2.06% respectively. There are 36.88M shares outstanding and 36.63M shares are floated in market.
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