Heritage Financial (HFWA) Stock Price, News & Analysis

Company Overview

Heritage Financial Corporation is a bank holding company headquartered in Olympia, Washington. Through its principal subsidiary, Heritage Bank, the company provides a range of banking services to individuals, businesses and organizations in the Pacific Northwest.

Heritage Bank offers commercial and consumer deposit accounts, business and residential real estate lending, commercial loans, construction financing, consumer loans, treasury management and other financial services. The bank serves clients through a network of branches and digital banking channels, with operations concentrated in Washington and Oregon.

Heritage Financial traces its roots to Heritage Bank, which was established in 1927. The company focuses on relationship-based community banking, emphasizing local decision-making and lending to small and middle-market businesses, real estate developers, professionals and retail customers.

Key Stats

• Today's Range: $26.91 to $27.49
• 50-Day Range: $27.09 to $30.01
• 52-Week Range: $21.32 to $31.25
• Volume: 263,335 shs
• Average Volume: 386,870 shs
• Market Capitalization: $1.11 billion
• P/E Ratio: 12.90
• Dividend Yield: 3.69%
• Price Target: $32.67
• Consensus Rating: Hold

Heritage Financial Stock Analysis - MarketRank™

Heritage Financial scored higher than 96% of companies evaluated by MarketBeat, and ranked 124th out of 851 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Hold

Consensus Rating

Heritage Financial has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on no strong buy ratings, 4 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Heritage Financial has a consensus price target of $32.67, representing about 20.6% upside from its current price of $27.09.

Amount of Analyst Coverage

Heritage Financial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 12.39%

Earnings Growth

Earnings for Heritage Financial are expected to grow by 12.39% in the coming year, from $2.34 to $2.63 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Heritage Financial is 12.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Heritage Financial is 12.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.54.

Price to Book Value per Share Ratio

Heritage Financial has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.87% of the float of Heritage Financial has been sold short.

Short Interest Ratio / Days to Cover

Heritage Financial has a short interest ratio ("days to cover") of 7.36.

Change versus previous month

Short interest in Heritage Financial has recently increased by 4.74%, indicating that investor sentiment is decreasing.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Heritage Financial is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Heritage Financial has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Heritage Financial is 47.62%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Heritage Financial will have a dividend payout ratio of 38.02% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.42

News Sentiment

Heritage Financial has a news sentiment score of 1.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Heritage Financial this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Heritage Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $657,200.00 in company stock.

Percentage Held by Insiders

1.49% of the stock of Heritage Financial is held by insiders.

Percentage Held by Institutions

78.30% of the stock of Heritage Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 7/23/2026
• Record date for 8/19 Dividend: 8/05/2026
• Ex-Dividend for 8/19 Dividend: 8/05/2026
• Dividend Payable: 8/19/2026
• Today: 10/13/2026
• Next Earnings (Estimated): 10/22/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HFWA
• CIK: 1046025
• Web: www.hf-wa.com
• Phone: (360) 943-1500
• Fax: 360-352-0864
• Employees: 755
• Year Founded: 1927

Price Target and Rating

• Average Price Target for Heritage Financial: $32.67
• High Price Target: $34.00
• Low Price Target: $32.00
• Potential Upside/Downside: +20.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.10
• Trailing P/E Ratio: 12.90
• Forward P/E Ratio: 11.58
• P/E Growth: N/A
• Net Income: $67.53 million
• Net Margins: 20.44%
• Pretax Margin: 23.91%
• Return on Equity: 8.78%
• Return on Assets: 1.15%

Debt

• Debt-to-Equity Ratio: 0.17
• Current Ratio: 0.83
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $335.97 million
• Price / Sales: 3.30
• Cash Flow: $3.05 per share
• Price / Cash Flow: 8.88
• Book Value: $27.14 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 40,920,000
• Free Float: 40,306,000
• Market Cap: $1.11 billion
• Optionable: Optionable
• Beta: 0.50