Heritage Financial price target raised to $28 from $26 at Keefe Bruyette

Keefe Bruyette analyst Kelly Motta raised the firm’s price target on Heritage Financial (HFWA) to $28 from $26 and keeps a Market Perform rating on the shares. The acquisition of Olympic Bancorp helps improve Heritage Financial’s profitability and provides runway for organic growth ahead, the analyst tells investors in a research note.