- D.A. Davidson analyst Jeff Rulis cuts Heritage Financial (HFWA -0.7%) to neutral from buy as he sees limited potential for further gains as the stock trades at a premium to its mid-cap bank peers.
- Sees more "pressures than help" making the prospect of accelerating growth and profitability more difficult.
- Sees challenges in loan growth for Q4 2019 and FY2020 and net interest margin.
- Rulis's recommendation compares with a Bearish quant rating; before his action, Sell-Side average rating was Bullish (1 Very Bullish, 1 Bullish, 4 Neutral).
- Compare Heritage's key stats with those of its peers.
Heritage Financial loses a bull
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Symbol | Last Price | % Chg |
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HFWA | - | - |
Heritage Financial Corporation |