Revenue Update on Heritage Financial Corp(NASDAQ:HFWA)

Heritage Financial Corp(NASDAQ:HFWA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $39.66M. Analysts estimated a revenue of $40.15M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.31.

Heritage Financial Corp (HFWA) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.55% at a volume of 27,257. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.4499. The peak price level was also seen at $18.4499 while the days lowest was $18.17. Finally the shares closed at $18.2. The 52-week high of the shares is $19.8 while the 52-week low is $16.4. According to the latest information available, the market cap of the company is $545 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Rhoda L Altom (director) purchased 175 shares at $17.41 per share price.Also, On May 31, 2016, Jeffrey J Deuel (Executive Vice President) sold 13,334 shares at $18.25 per share price.On May 18, 2016, Deborah J Gavin (director) purchased 4,000 shares at $17.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Heritage Financial Corporation is a bank holding company. The Company through its subsidiaries engages in the business of planning directing and coordinating the business activities of its wholly owned bank subsidiary Heritage Bank (the Bank). The Bank’s business consists primarily of lending and deposit relationships with small businesses and their owners in its market areas and attracting deposits from the general public. The Bank also makes real estate construction loans land development loans and consumer loans and originates first mortgage loans. The Bank’s Lending activities focus on commercial business lending. The Bank’s investment portfolio includes investment securities available for sale as well as investment securities held to maturity. The Bank’s primary sources of funds are deposits loan repayments and borrowings.

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