Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Heritage Financial Corp (NASDAQ: HFWA) improved during the last several trading days. HFWA’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Heritage Financial Corp (NASDAQ: HFWA) stock closed at $21.72 on 9/13/24 after an increase of 1.6%. However, below average trading volume at 78% of normal accompanied the advance. The stock has declined -2.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HFWA is expected to continue to be a modest Value Builder.
Heritage Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Financial has a neutral Power Rating of 58 but a good Appreciation Score of 76, leading to the Positive Value Trend Rating.
Be the first to comment