Q2 EPS Forecast for Heritage Financial Reduced by Analyst

Heritage Financial Corporation (NASDAQ:HFWA - Free Report) - Equities researchers at DA Davidson lowered their Q2 2025 earnings per share (EPS) estimates for Heritage Financial in a research report issued on Friday, June 27th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $0.51 for the quarter, down from their prior forecast of $0.52. The consensus estimate for Heritage Financial's current full-year earnings is $2.09 per share. DA Davidson also issued estimates for Heritage Financial's FY2025 earnings at $2.13 EPS and FY2026 earnings at $2.34 EPS.

A number of other research firms also recently commented on HFWA. Keefe, Bruyette & Woods dropped their price objective on shares of Heritage Financial from $27.00 to $26.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Piper Sandler lowered their target price on shares of Heritage Financial from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, April 28th.

Heritage Financial Trading Up 1.3%

NASDAQ HFWA traded up $0.33 during trading hours on Monday, hitting $25.61. 96,489 shares of the company's stock were exchanged, compared to its average volume of 210,663. The business's 50 day moving average is $23.39 and its 200-day moving average is $23.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. Heritage Financial has a 12-month low of $17.04 and a 12-month high of $27.58. The firm has a market capitalization of $873.45 million, a P/E ratio of 17.30 and a beta of 0.54.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $57.59 million for the quarter, compared to analysts' expectations of $61.74 million. Heritage Financial had a net margin of 15.73% and a return on equity of 7.12%.

Heritage Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.96 annualized dividend and a yield of 3.75%. Heritage Financial's dividend payout ratio is presently 64.86%.

Hedge Funds Weigh In On Heritage Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC lifted its position in Heritage Financial by 24.7% during the first quarter. Jennison Associates LLC now owns 2,752,114 shares of the financial services provider's stock valued at $66,959,000 after buying an additional 545,348 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Heritage Financial by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,068,354 shares of the financial services provider's stock worth $50,674,000 after purchasing an additional 33,429 shares during the period. Victory Capital Management Inc. increased its holdings in Heritage Financial by 15,727.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,480,997 shares of the financial services provider's stock valued at $36,033,000 after purchasing an additional 1,471,640 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Heritage Financial by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,249,905 shares of the financial services provider's stock valued at $30,623,000 after purchasing an additional 8,731 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Heritage Financial by 1.5% during the fourth quarter. Northern Trust Corp now owns 433,678 shares of the financial services provider's stock worth $10,625,000 after purchasing an additional 6,201 shares in the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.

About Heritage Financial

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.