NASDAQ:HFWA

Heritage Financial (HFWA) Stock Price, News & Analysis

$18.12
-0.05 (-0.28%)
(As of 04/22/2024 ET)
Today's Range
$18.04
$18.36
50-Day Range
$17.12
$19.39
52-Week Range
$14.85
$22.55
Volume
187,169 shs
Average Volume
185,219 shs
Market Capitalization
$627.95 million
P/E Ratio
10.35
Dividend Yield
5.08%
Price Target
$22.25

Heritage Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.8% Upside
$22.25 Price Target
Short Interest
Healthy
1.51% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Heritage Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.75%
From $1.74 to $1.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.29 out of 5 stars

Finance Sector

454th out of 852 stocks

Savings Institutions, Except Federal Industry

7th out of 18 stocks

HFWA stock logo

About Heritage Financial Stock (NASDAQ:HFWA)

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. The company's loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. It also originates loans that are guaranteed by the U.S. Small Business Administration; and provides objective advice from trusted advisers. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

HFWA Stock Price History

HFWA Stock News Headlines

Heritage Financial (HFWA) Set to Announce Earnings on Thursday
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Heritage Financial Corporation (HFWA)
Heritage Financial Corp.
Heritage Commerce declares $0.13 dividend
Here's what to expect from Heritage Financial's earnings
See More Headlines
Receive HFWA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Heritage Financial and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/22 Dividend
2/07/2024
Dividend Payable
2/22/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Savings institutions, except federal
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HFWA
CUSIP
42722X10
Employees
764
Year Founded
1927

Price Target and Rating

Average Stock Price Target
$22.25
High Stock Price Target
$23.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+22.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$61.76 million
Pretax Margin
24.05%

Debt

Sales & Book Value

Annual Sales
$243.82 million
Cash Flow
$2.21 per share
Book Value
$24.45 per share

Miscellaneous

Free Float
34,073,000
Market Cap
$627.95 million
Optionable
Optionable
Beta
0.54

Social Links

These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Key Executives

  • Mr. Brian L. VanceMr. Brian L. Vance (Age 70)
    Independent Chairman
    Comp: $113k
  • Mr. Jeffrey J. Deuel (Age 65)
    President, CEO & Director
    Comp: $1.22M
  • Mr. Donald J. Hinson CPA (Age 63)
    Executive VP & CFO
    Comp: $639.65k
  • Mr. Bryan D. McDonald (Age 52)
    Executive Vice President
    Comp: $760.12k
  • Mr. Anthony W. Chalfant (Age 62)
    Executive VP & Chief Credit Officer
    Comp: $575.66k
  • Mr. Matthew T. Ray (Age 52)
    Executive VP & Chief Lending Officer of Heritage Bank
    Comp: $398.72k
  • Mr. William K. Glasby
    Executive VP & CTO
  • Ms. Sabrina C. Robison
    Senior VP & Chief Human Resources Officer
  • Ms. Kaylene M. Lahn (Age 52)
    Senior VP & Corporate Secretary

HFWA Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Financial stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HFWA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HFWA, but not buy additional shares or sell existing shares.
View HFWA analyst ratings
or view top-rated stocks.

What is Heritage Financial's stock price target for 2024?

3 brokerages have issued 1 year target prices for Heritage Financial's stock. Their HFWA share price targets range from $22.00 to $23.00. On average, they anticipate the company's share price to reach $22.25 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price.
View analysts price targets for HFWA
or view top-rated stocks among Wall Street analysts.

How have HFWA shares performed in 2024?

Heritage Financial's stock was trading at $21.39 at the beginning of 2024. Since then, HFWA stock has decreased by 15.3% and is now trading at $18.12.
View the best growth stocks for 2024 here
.

Are investors shorting Heritage Financial?

Heritage Financial saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 517,900 shares, a decrease of 17.1% from the March 15th total of 625,100 shares. Based on an average daily volume of 191,000 shares, the short-interest ratio is currently 2.7 days. Approximately 1.5% of the company's stock are short sold.
View Heritage Financial's Short Interest
.

When is Heritage Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our HFWA earnings forecast
.

How can I listen to Heritage Financial's earnings call?

Heritage Financial will be holding an earnings conference call on Thursday, April 25th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "294191".

How were Heritage Financial's earnings last quarter?

Heritage Financial Co. (NASDAQ:HFWA) announced its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.47 EPS for the quarter, hitting analysts' consensus estimates of $0.47. The financial services provider earned $50.72 million during the quarter, compared to the consensus estimate of $62 million. Heritage Financial had a net margin of 20.37% and a trailing twelve-month return on equity of 8.66%.

How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial?

Heritage Financial declared a quarterly dividend on Wednesday, January 24th. Investors of record on Thursday, February 8th will be paid a dividend of $0.23 per share on Thursday, February 22nd. This represents a $0.92 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a boost from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for HFWA
.

Is Heritage Financial a good dividend stock?

Heritage Financial (NASDAQ:HFWA) pays an annual dividend of $0.92 per share and currently has a dividend yield of 5.24%. HFWA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 52.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HFWA.

What is Jeff Deuel's approval rating as Heritage Financial's CEO?

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.

What other stocks do shareholders of Heritage Financial own?

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).

Who are Heritage Financial's major shareholders?

Heritage Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Kiley Juergens Wealth Management LLC (0.69%), Allspring Global Investments Holdings LLC (0.37%) and Hennion & Walsh Asset Management Inc. (0.03%). 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.
View institutional ownership trends
.

How do I buy shares of Heritage Financial?

Shares of HFWA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HFWA) was last updated on 4/22/2024 by MarketBeat.com Staff

From Our Partners