Banc Funds Co Has Cut Its Heritage Financial (HFWA) Position; Brookfield Asset Management (BAM) SI Decreased By 17.11%

December 7, 2017 - By Nellie Frank

Banc Funds Co Llc decreased Heritage Financial Corporation (HFWA) stake by 27.1% reported in 2017Q2 SEC filing. Banc Funds Co Llc sold 278,552 shares as Heritage Financial Corporation (HFWA)’s stock declined 5.54%. The Banc Funds Co Llc holds 749,423 shares with $19.86 million value, down from 1.03 million last quarter. Heritage Financial Corporation now has $939.73 million valuation. The stock decreased 1.25% or $0.4 during the last trading session, reaching $31.55. About 101,435 shares traded. Heritage Financial Corporation (NASDAQ:HFWA) has risen 35.92% since December 7, 2016 and is uptrending. It has outperformed by 19.22% the S&P500.

Brookfield Asset Management Incorporated (NYSE:BAM) had a decrease of 17.11% in short interest. BAM’s SI was 5.33 million shares in December as released by FINRA. Its down 17.11% from 6.43 million shares previously. With 618,400 avg volume, 9 days are for Brookfield Asset Management Incorporated (NYSE:BAM)’s short sellers to cover BAM’s short positions. The SI to Brookfield Asset Management Incorporated’s float is 0.65%. The stock decreased 0.71% or $0.3 during the last trading session, reaching $42.01. About 982,531 shares traded or 31.00% up from the average. Brookfield Asset Management Inc. (NYSE:BAM) has risen 13.98% since December 7, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Banc Funds Co Llc increased Avidbank Holdings Inc. (AVBH) stake by 109,864 shares to 427,043 valued at $8.43 million in 2017Q2. It also upped Bank Of Commerce Holdings (NASDAQ:BOCH) stake by 150,000 shares and now owns 1.07M shares. National Commerce Corporation was raised too.

Among 4 analysts covering Heritage Financial (NASDAQ:HFWA), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Heritage Financial had 8 analyst reports since September 28, 2015 according to SRatingsIntel. The stock of Heritage Financial Corporation (NASDAQ:HFWA) earned “Hold” rating by Piper Jaffray on Monday, July 10. As per Friday, October 23, the company rating was downgraded by Keefe Bruyette & Woods. Raymond James downgraded Heritage Financial Corporation (NASDAQ:HFWA) on Monday, October 5 to “Mkt Perform” rating. The firm has “Hold” rating given on Thursday, October 5 by Piper Jaffray. DA Davidson maintained the stock with “Buy” rating in Tuesday, November 7 report. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. On Monday, September 28 the stock rating was initiated by Piper Jaffray with “Neutral”. The rating was maintained by Piper Jaffray with “Hold” on Monday, August 14.

Analysts await Heritage Financial Corporation (NASDAQ:HFWA) to report earnings on January, 25. They expect $0.37 EPS, up 12.12% or $0.04 from last year’s $0.33 per share. HFWA’s profit will be $11.02 million for 21.32 P/E if the $0.37 EPS becomes a reality. After $0.35 actual EPS reported by Heritage Financial Corporation for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

Investors sentiment decreased to 1.09 in 2017 Q2. Its down 0.18, from 1.27 in 2017Q1. It is negative, as 7 investors sold HFWA shares while 46 reduced holdings. 12 funds opened positions while 46 raised stakes. 22.24 million shares or 1.86% more from 21.84 million shares in 2017Q1 were reported. Mendon Capital Advsrs Corp holds 455,407 shares. Driehaus Management Limited Liability Co has 0.08% invested in Heritage Financial Corporation (NASDAQ:HFWA) for 77,143 shares. Massachusetts-based Martingale Asset Management Ltd Partnership has invested 0.07% in Heritage Financial Corporation (NASDAQ:HFWA). Wells Fargo Commerce Mn reported 120,208 shares. Boston Prns has invested 0.01% in Heritage Financial Corporation (NASDAQ:HFWA). Rothschild Asset has invested 0.04% in Heritage Financial Corporation (NASDAQ:HFWA). Schwab Charles Mngmt invested in 112,776 shares or 0% of the stock. Tradewinds Lc reported 684 shares or 0.01% of all its holdings. Nwq Investment Mgmt Company Ltd Limited Liability Company reported 0.54% stake. Pinnacle Assocs holds 10,600 shares or 0.01% of its portfolio. Alps Advisors Inc reported 0% stake. Da Davidson And reported 12,143 shares or 0.01% of all its holdings. Forest Hill Ltd Liability, Arkansas-based fund reported 376,686 shares. Bank Of America Corporation De accumulated 77,849 shares. Prudential Financial Inc reported 8,286 shares or 0% of all its holdings.

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