Heritage Financial (HFWA) Expected to Post Earnings on Thursday

Key Points

• Heritage Financial is expected to report Q3 2026 results before markets open Thursday, October 22. Analysts forecast earnings of $0.505 per share and revenue of $86.11 million, compared with the prior quarter’s $0.57 EPS beat and $84.12 million in revenue.
• The company increased its quarterly dividend to $0.25 per share, or $1.00 annually, representing a 3.7% yield and a 47.62% payout ratio.
• Analyst sentiment is mixed: Heritage Financial has a consensus “Hold” rating and a $32.67 price target, despite several recent target increases and a new “Buy” recommendation. Insiders sold 22,004 shares worth $657,200 in the latest quarter.

Heritage Financial (NASDAQ:HFWA - Get Free Report) is projected to post its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $0.5050 per share and revenue of $86.11 million for the quarter. Individuals may visit the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 22, 2026 at 12:00 PM ET.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.13. Heritage Financial had a return on equity of 8.78% and a net margin of 20.44%. The company had revenue of $84.12 million during the quarter, compared to analysts' expectations of $86.30 million. On average, analysts expect Heritage Financial to post $2.34 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.

Heritage Financial Price Performance

NASDAQ:HFWA opened at $26.88 on Thursday. Heritage Financial has a 52 week low of $21.32 and a 52 week high of $31.25. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.10 billion, a P/E ratio of 12.80 and a beta of 0.50. The stock's fifty day moving average is $28.53 and its two-hundred day moving average is $28.27.

Heritage Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from Heritage Financial's previous quarterly dividend of $0.24. Heritage Financial's dividend payout ratio (DPR) is currently 47.62%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HFWA. Keefe, Bruyette & Woods raised their price objective on Heritage Financial from $31.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 27th. Capital One Financial set a $33.00 target price on shares of Heritage Financial in a research report on Tuesday, September 22nd. Brean Capital raised shares of Heritage Financial from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Heritage Financial in a research note on Friday, October 2nd. Finally, DA Davidson lifted their price target on shares of Heritage Financial from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Heritage Financial currently has a consensus rating of "Hold" and a consensus price target of $32.67.

Insider Activity

In related news, EVP Matthew Ray sold 3,692 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $30.10, for a total transaction of $111,129.20. Following the completion of the transaction, the executive vice president directly owned 22,735 shares in the company, valued at $684,323.50. This trade represents a 13.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Lyon sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the transaction, the director owned 40,719 shares of the company's stock, valued at $1,221,570. This trade represents a 19.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,004 shares of company stock worth $657,200 in the last quarter. Insiders own 1.49% of the company's stock.

About Heritage Financial

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.

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