DA Davidson Predicts Weaker Earnings for Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA - Free Report) - Research analysts at DA Davidson cut their Q2 2025 EPS estimates for shares of Heritage Financial in a note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $0.51 per share for the quarter, down from their previous 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.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Heritage Financial from $27.00 to $26.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Piper Sandler cut their price objective on shares of Heritage Financial from $34.00 to $31.00 and set an "overweight" rating on the stock in a report on Monday, April 28th.

Heritage Financial Stock Down 0.3%

Shares of Heritage Financial stock opened at $23.84 on Monday. The company has a fifty day moving average price of $23.26 and a 200 day moving average price of $23.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. Heritage Financial has a twelve month low of $17.04 and a twelve month high of $27.58. The stock has a market cap of $813.18 million, a price-to-earnings ratio of 16.11 and a beta of 0.55.

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

Heritage Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, May 7th. Heritage Financial's dividend payout ratio is presently 64.86%.

Institutional Investors Weigh In On Heritage Financial

Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC grew its position in shares of Heritage Financial by 794.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,064 shares of the financial services provider's stock valued at $26,000 after buying an additional 945 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Heritage Financial by 45.3% during the 1st quarter. GAMMA Investing LLC now owns 2,972 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 927 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Heritage Financial by 519.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,553 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 2,979 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Heritage Financial by 475.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,989 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 3,296 shares during the period. Finally, CWM LLC increased its position in shares of Heritage Financial by 14.8% during the 1st quarter. CWM LLC now owns 4,042 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 520 shares during the period. Institutional investors own 78.30% of the company's stock.

Heritage Financial Company Profile

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.

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