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Heritage Financial Corp. [HFWA] Investment Appeal on the Rise

Heritage Financial Corp.’s recently made public that its Director Rivera Frederick B acquired Company’s shares for reported $2164.0 on Dec 14 ’23. In the deal valued at $21.64 per share,100 shares were bought. As a result of this transaction, Rivera Frederick B now holds 4,821 shares worth roughly $90249.12.

Then, Rivera Frederick B bought 600 shares, generating $12,138 in total proceeds. Upon buying the shares at $20.23, the Director now owns 4,721 shares.

Before that, CHARNESKI BRIAN bought 5,000 shares. Heritage Financial Corp. shares valued at $83,500 were divested by the Director at a price of $16.70 per share. As a result of the transaction, CHARNESKI BRIAN now holds 36,540 shares, worth roughly $0.68 million.

Keefe Bruyette downgraded its Heritage Financial Corp. [HFWA] rating to a Mkt perform from a an Outperform in a research note published on April 24, 2023; the price target was decreased to $23 from $31. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in late June from “a Neutral” to “a Buy”. DA Davidson revised its rating on November 12, 2019. It rated HFWA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HFWA

On Tuesday, Heritage Financial Corp. [NASDAQ:HFWA] saw its stock fall -1.63% to $18.72. Over the last five days, the stock has gained 5.52%. Heritage Financial Corp. shares have fallen nearly -12.48% since the year began. Nevertheless, the stocks have risen 17.07% over the past one year. While a 52-week high of $22.55 was reached on 01/02/24, a 52-week low of $15.04 was recorded on 04/16/24. SMA at 50 days reached $18.35, while 200 days put it at $18.32. A total of 0.24 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For HFWA Stock

The 24-hour chart illustrates a support level at 18.57, which if violated will result in even more drops to 18.43. On the upside, there is a resistance level at 18.99. A further resistance level may holdings at 19.27. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.27%. Stochastics %K at 81.99% indicates the stock is a selling.

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