Heritage Financial (HFWA) to Release Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $63.54 million for the quarter.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last posted its 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 return on equity of 7.12% and a net margin of 15.73%. The firm had revenue of $57.59 million for the quarter, compared to the consensus estimate of $61.74 million. 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 Down 1.0%

Shares of HFWA stock traded down $0.26 during midday trading on Friday, reaching $25.08. 106,663 shares of the stock were exchanged, compared to its average volume of 207,955. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market cap of $855.48 million, a PE ratio of 16.95 and a beta of 0.54. The company's 50 day moving average is $23.90 and its two-hundred day moving average is $23.82. Heritage Financial has a 1 year low of $19.84 and a 1 year high of $27.58.

Heritage Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.24 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.96 annualized dividend and a dividend yield of 3.83%. Heritage Financial's payout ratio is currently 64.86%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HFWA shares. Piper Sandler cut their price target on Heritage Financial from $34.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on Heritage Financial from $27.00 to $26.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th.

Hedge Funds Weigh In On Heritage Financial

Several hedge funds and other institutional investors have recently modified their holdings of HFWA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Heritage Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,060 shares of the financial services provider's stock worth $488,000 after buying an additional 881 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Heritage Financial by 4.2% during the first quarter. Empowered Funds LLC now owns 123,798 shares of the financial services provider's stock valued at $3,012,000 after buying an additional 4,947 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Heritage Financial by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,130 shares of the financial services provider's stock valued at $1,901,000 after acquiring an additional 5,417 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Heritage Financial by 437.3% during the first quarter. Jane Street Group LLC now owns 107,482 shares of the financial services provider's stock valued at $2,615,000 after acquiring an additional 87,479 shares in the last quarter. 78.30% of the stock is owned by institutional investors.

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.