Heritage Financial (HFWA) to Release Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect Heritage Financial to post earnings of $0.46 per share and revenue of $61.74 million for the quarter.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. Heritage Financial had a net margin of 13.64% and a return on equity of 7.17%. On average, analysts expect Heritage Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Financial Stock Up 3.6 %

HFWA traded up $0.78 during trading on Tuesday, hitting $22.66. The company had a trading volume of 206,882 shares, compared to its average volume of 208,335. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $770.24 million, a PE ratio of 18.27 and a beta of 0.47. The firm's 50-day moving average price is $23.35 and its 200 day moving average price is $24.16. Heritage Financial has a one year low of $16.55 and a one year high of $27.58.

Heritage Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.24 dividend. This is a boost from Heritage Financial's previous quarterly dividend of $0.23. The ex-dividend date was Thursday, February 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.24%. Heritage Financial's dividend payout ratio (DPR) is presently 77.42%.

Insider Transactions at Heritage Financial

In other news, Director Frederick B. Rivera sold 4,000 shares of Heritage Financial stock in a transaction on Monday, January 27th. The shares were sold at an average price of $25.43, for a total transaction of $101,720.00. Following the completion of the sale, the director now directly owns 3,844 shares of the company's stock, valued at approximately $97,752.92. The trade was a 50.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Donald Hinson sold 3,420 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.59, for a total value of $80,677.80. Following the completion of the sale, the chief financial officer now directly owns 42,087 shares of the company's stock, valued at approximately $992,832.33. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,311 shares of company stock worth $369,193 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Heritage Financial from a "sell" rating to a "hold" rating in a research report on Monday, January 27th.

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.