Cardinal Capital Management Has Trimmed Heritage Finl Wash (HFWA) Position; Sutherland Asset Management (SLD) SI Decreased By 16.02%

March 13, 2018 - By Ellis Scott

Cardinal Capital Management Llc decreased Heritage Finl Corp Wash (HFWA) stake by 84.02% reported in 2017Q3 SEC filing. Cardinal Capital Management Llc sold 100,550 shares as Heritage Finl Corp Wash (HFWA)’s stock declined 5.54%. The Cardinal Capital Management Llc holds 19,120 shares with $564,000 value, down from 119,670 last quarter. Heritage Finl Corp Wash now has $1.09B valuation. The stock decreased 0.16% or $0.05 during the last trading session, reaching $32.15. About 288,784 shares traded or 52.77% up from the average. Heritage Financial Corporation (NASDAQ:HFWA) has risen 35.92% since March 13, 2017 and is uptrending. It has outperformed by 19.22% the S&P500.

Sutherland Asset Management Corporation (NYSE:SLD) had a decrease of 16.02% in short interest. SLD’s SI was 309,300 shares in March as released by FINRA. Its down 16.02% from 368,300 shares previously. With 53,200 avg volume, 6 days are for Sutherland Asset Management Corporation (NYSE:SLD)’s short sellers to cover SLD’s short positions. The SI to Sutherland Asset Management Corporation’s float is 1.97%. The stock decreased 1.34% or $0.2 during the last trading session, reaching $14.7. About 36,723 shares traded. Sutherland Asset Management Corporation (NYSE:SLD) has 0.00% since March 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Sutherland Asset Management Corporation operates as a real estate finance company. The company has market cap of $482.68 million. It acquires, originates, manages, services, and finances small balance commercial loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It has a 8.14 P/E ratio. The firm operates through four divisions: Loan Acquisitions; SBC Conventional Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking.

Among 3 analysts covering Sutherland Asset Mgmt (NYSE:SLD), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Sutherland Asset Mgmt had 7 analyst reports since November 7, 2016 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Thursday, November 9 with “Hold”. The firm earned “Mkt Perform” rating on Monday, November 7 by FBR Capital. FBR Capital upgraded the shares of SLD in report on Monday, August 7 to “Outperform” rating. The stock has “Buy” rating by FBR Capital on Thursday, November 9. As per Thursday, May 25, the company rating was maintained by FBR Capital.

Investors sentiment decreased to 1.25 in Q3 2017. Its down 0.07, from 1.32 in 2017Q2. It turned negative, as 10 investors sold HFWA shares while 40 reduced holdings. 16 funds opened positions while 50 raised stakes. 22.94 million shares or 3.14% more from 22.24 million shares in 2017Q2 were reported. The Texas-based Bridgeway Capital has invested 0.04% in Heritage Financial Corporation (NASDAQ:HFWA). Martingale Asset Management Lp owns 166,828 shares for 0.07% of their portfolio. Invesco reported 45,657 shares. 10,322 are held by Principal Group Inc. Ameritas Invest Prtnrs holds 2,334 shares. Royal Bank Of Canada owns 333,156 shares. Geode Mngmt Limited holds 259,648 shares or 0% of its portfolio. Badgley Phelps And Bell holds 0.03% of its portfolio in Heritage Financial Corporation (NASDAQ:HFWA) for 14,247 shares. Jacobs Asset Mngmt Limited Liability Corp holds 220,000 shares. Goldman Sachs Grp Inc reported 970,313 shares stake. Aqr Limited Liability Corp reported 0.01% stake. Indexiq reported 0.04% of its portfolio in Heritage Financial Corporation (NASDAQ:HFWA). Morgan Stanley owns 107,595 shares for 0% of their portfolio. Matarin Cap Mgmt Limited Liability owns 0.08% invested in Heritage Financial Corporation (NASDAQ:HFWA) for 32,792 shares. Tiaa Cref Invest Management Ltd Limited Liability Company reported 0% stake.

Cardinal Capital Management Llc increased Lakeland Bancorp Inc (NASDAQ:LBAI) stake by 131,977 shares to 2.02 million valued at $41.19 million in 2017Q3. It also upped Silgan Holdings Inc (NASDAQ:SLGN) stake by 50,316 shares and now owns 2.51M shares. Hrg Group Inc (NYSE:HRG) was raised too.

Among 6 analysts covering Heritage Financial (NASDAQ:HFWA), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Heritage Financial had 13 analyst reports since September 28, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of HFWA in report on Monday, July 10 with “Hold” rating. The firm has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods. The company was initiated on Monday, September 28 by Piper Jaffray. The stock has “Hold” rating by Piper Jaffray on Thursday, October 5. Piper Jaffray maintained it with “Hold” rating and $2900 target in Monday, August 14 report. On Tuesday, November 7 the stock rating was maintained by DA Davidson with “Buy”. On Monday, March 12 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. The company was maintained on Thursday, January 18 by Sandler O’Neill. Sandler O’Neill maintained Heritage Financial Corporation (NASDAQ:HFWA) rating on Friday, January 26. Sandler O’Neill has “Buy” rating and $36.0 target. Keefe Bruyette & Woods downgraded Heritage Financial Corporation (NASDAQ:HFWA) rating on Friday, October 23. Keefe Bruyette & Woods has “Market Perform” rating and $20 target.

Analysts await Heritage Financial Corporation (NASDAQ:HFWA) to report earnings on April, 25. They expect $0.41 EPS, up 32.26% or $0.10 from last year’s $0.31 per share. HFWA’s profit will be $13.89 million for 19.60 P/E if the $0.41 EPS becomes a reality. After $0.42 actual EPS reported by Heritage Financial Corporation for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth.

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