Heritage Financial traded at $29.18 this Wednesday November 4th, increasing $0.41 or 1.43 percent since the previous trading session. Looking back, over the last four weeks, Heritage Financial gained 4.66 percent. Over the last 12 months, its price rose by 29.75 percent. Looking ahead, we forecast Heritage Financial to be priced at 27.87 by the end of this quarter and at 26.13 in one year, according to Trading Economics global macro models projections and analysts expectations.
Heritage Financial Corporation is a bank holding company, which primarily engages in the business activities of its financial institution subsidiary, Heritage Bank (the Bank). The Company’s business consists primarily of commercial lending and deposit relationships with small to medium sized businesses and their owners in its market areas and attracting deposits from the general public. The Company’s business activities generally are limited to passive investment activities and oversight of its investment in the Bank. The Company also make real estate construction and land development loans and consumer loans. It ceases indirect auto loan originations, included in its consumer portfolio. The Company additionally originate for sale or for investment purposes residential real estate loans on single family properties located primarily in its markets.