On November 7, 2024, Tony Chalfant, the Executive Vice President and Chief Credit Officer of Heritage Financial Corp (HFWA, Financial), executed a sale of 2,975 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 20,119 shares of Heritage Financial Corp.
Heritage Financial Corp, based in Olympia, Washington, operates as the bank holding company for Heritage Bank. The bank provides various financial services primarily in the Pacific Northwest region of the United States. It offers a range of banking products to individual and corporate customers, including loan and deposit products.
Over the past year, Tony Chalfant has sold a total of 2,975 shares and has not made any purchases of the company's stock. This recent transaction reflects the only insider sale for the company over the past year, compared to two insider buys during the same timeframe.
Shares of Heritage Financial Corp were trading at $26.5 on the day of the sale. The company has a market cap of approximately $890.044 million. The price-earnings ratio of the stock stands at 24.13, which is above both the industry median of 10.67 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Heritage Financial Corp is $22.87 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.16.
The insider transaction trends and the valuation metrics suggest a cautious approach to the stock at its current price, considering it trades above its GF Value. Investors might keep an eye on further insider transactions and company performance for better insights into the stock's future direction.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
