Heritage Financial (HFWA) to Release Quarterly Earnings on Thursday

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

Heritage Financial (NASDAQ:HFWA - Get Free Report) last issued its 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. Heritage Financial had a net margin of 15.73% and a return on equity of 7.12%. The company had revenue of $57.59 million for the quarter, compared to analysts' expectations 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 NASDAQ:HFWA traded down $0.26 during trading on Friday, reaching $25.08. The stock had a trading volume of 106,665 shares, compared to its average volume of 208,089. Heritage Financial has a one year low of $19.84 and a one year high of $27.58. The company has a market capitalization of $855.38 million, a P/E ratio of 16.95 and a beta of 0.54. 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's 50-day simple moving average is $23.93 and its 200 day simple moving average is $23.81.

Heritage Financial Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their target price 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 research note on Monday, April 28th.

Hedge Funds Weigh In On Heritage Financial

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