Heritage Financial (HFWA) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" HFWA shares.
View HFWA analyst ratings or view top-rated stocks.

2 analysts have issued 12-month target prices for Heritage Financial's shares. Their HFWA share price forecasts range from $23.00 to $35.00. On average, they expect the company's share price to reach $27.67 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price.
View analysts price targets for HFWA or view top-rated stocks among Wall Street analysts.

Heritage Financial's stock was trading at $30.64 at the start of the year. Since then, HFWA shares have decreased by 46.1% and is now trading at $16.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our HFWA earnings forecast.

Heritage Financial Co. (NASDAQ:HFWA) issued its quarterly earnings results on Wednesday, October, 20th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The financial services provider had revenue of $59.61 million for the quarter, compared to the consensus estimate of $60.53 million. Heritage Financial had a net margin of 30.05% and a trailing twelve-month return on equity of 10.30%. During the same period in the prior year, the business posted $0.46 EPS.

Heritage Financial announced a quarterly dividend on Tuesday, April 18th. Stockholders of record on Thursday, May 4th will be given a dividend of $0.22 per share on Thursday, May 18th. This represents a $0.88 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Wednesday, May 3rd.
Read our dividend analysis for HFWA.

ETFs with the largest weight of Heritage Financial (NASDAQ:HFWA) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Invesco S&P SmallCap Momentum ETF (XSMO).

Heritage Financial (NASDAQ:HFWA) pays an annual dividend of $0.88 per share and currently has a dividend yield of 5.38%. HFWA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 44.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HFWA.

17 employees have rated Heritage Financial Chief Executive Officer Jeff Deuel on Glassdoor.com. Jeff Deuel has an approval rating of 94% among the company's employees. This puts Jeff Deuel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Financial investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Associated British Foods (ABF), AMC Entertainment (AMC), Chaarat Gold (CGH), Ciena (CIEN), Apollo Global Management (APO), China Unicom (Hong Kong) (CHU) and First Data (FDC).

Heritage Financial trades on the NASDAQ under the ticker symbol "HFWA."

Heritage Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.81%), Dimensional Fund Advisors LP (5.92%), State Street Corp (4.34%), Charles Schwab Investment Management Inc. (2.49%), Bank of New York Mellon Corp (2.37%) and Geode Capital Management LLC (1.96%). Insiders that own company stock include Brian Charneski, Brian L Vance, Cindy M Huntley, Frederick B Rivera, Jeffrey S Lyon, John A Clees and Tony Chalfant.
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Shares of HFWA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HFWA stock can currently be purchased for approximately $16.52.

Heritage Financial (NASDAQ:HFWA) has a market capitalization of $579.19 million and generates $257.05 million in revenue each year. The financial services provider earns $81.88 million in net income (profit) each year or $2.33 on an earnings per share basis.

The company employs 751 workers across the globe.

Heritage Financial's mailing address is 201 FIFTH AVENUE S.W., OLYMPIA WA, 98501. The official website for the company is www.hf-wa.com. The financial services provider can be reached via phone at (360) 943-1500, via email at hfwa@heritagebanknw.com, or via fax at 360-352-0864.