NASDAQ:HFWA Heritage Financial (HFWA) Stock Forecast, Price & News $17.82 +1.30 (+7.87%) (As of 05:11 PM ET) Add Compare Share Share Today's Range$16.68▼$17.8850-Day Range$15.26▼$22.2652-Week Range$14.85▼$34.34Volume281,777 shsAverage Volume253,798 shsMarket Capitalization$624.77 millionP/E Ratio7.65Dividend Yield4.94%Price Target$27.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Heritage Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside55.9% Upside$27.67 Price TargetShort InterestHealthy2.78% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.20Based on 2 Articles This WeekInsider TradingAcquiring Shares$119,584 Bought Last QuarterProj. Earnings Growth-1.50%From $2.00 to $1.97 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.83 out of 5 starsFinance Sector203rd out of 874 stocksSavings Institutions, Except Federal Industry4th out of 17 stocks 3.3 Analyst's Opinion Consensus RatingHeritage Financial has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.67, Heritage Financial has a forecasted upside of 55.9% from its current price of $17.75.Amount of Analyst CoverageHeritage Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.78% of the float of Heritage Financial has been sold short.Short Interest Ratio / Days to CoverHeritage Financial has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Heritage Financial has recently increased by 1.49%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipHeritage Financial is a leading dividend payer. It pays a dividend yield of 5.38%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHeritage Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Heritage Financial is 37.77%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Heritage Financial will have a dividend payout ratio of 44.67% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HFWA. Previous Next 2.3 News and Social Media Coverage News SentimentHeritage Financial has a news sentiment score of 1.20. 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 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Heritage Financial this week, compared to 3 articles on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Heritage Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $119,584.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.80% of the stock of Heritage Financial is held by insiders.Percentage Held by Institutions78.91% of the stock of Heritage Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Heritage Financial are expected to decrease by -1.50% in the coming year, from $2.00 to $1.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Heritage Financial is 7.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Heritage Financial is 7.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.35.Price to Book Value per Share RatioHeritage Financial has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Heritage Financial (NASDAQ:HFWA) StockHeritage Financial Corp. is bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary Heritage Bank. It includes commercial lending and deposit relationships with small and medium businesses and their owners in market areas, and attracting deposits from the general public. It also offers real estate construction and land development loans, and consumer loans. The company was founded in August 1997 and is headquartered in Olympia, WA.Read More 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. Email Address HFWA Stock News HeadlinesMay 22, 2023 | benzinga.comKBRA Publishes and Affirms Ratings for Heritage Financial CorporationMay 21, 2023 | americanbankingnews.comHeritage Financial (NASDAQ:HFWA) Earns Sell Rating from Analysts at StockNews.comJune 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 18, 2023 | americanbankingnews.comShort Interest in Heritage Financial Co. (NASDAQ:HFWA) Drops By 7.5%May 6, 2023 | americanbankingnews.comInsider Buying: Heritage Financial Co. (NASDAQ:HFWA) Director Purchases 5,000 Shares of StockMay 1, 2023 | americanbankingnews.comHeritage Financial Co. (NASDAQ:HFWA) Announces $0.22 Quarterly DividendApril 28, 2023 | msn.comHeritage Financial: Dividend InsightsApril 28, 2023 | finance.yahoo.comHeritage Financial Corporation (NASDAQ:HFWA) Passed Our Checks, And It's About To Pay A US$0.22 DividendJune 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. April 28, 2023 | americanbankingnews.comJeffrey S. Lyon Purchases 1,750 Shares of Heritage Financial Co. (NASDAQ:HFWA) StockApril 27, 2023 | seekingalpha.comHeritage Financial: An Incoming Recession Will Create An Issue In Its Loan BookApril 26, 2023 | americanbankingnews.comPiper Sandler Lowers Heritage Financial (NASDAQ:HFWA) Price Target to $25.00April 25, 2023 | msn.comKeefe, Bruyette & Woods Downgrades Heritage Financial (HFWA)April 25, 2023 | msn.comPiper Sandler Maintains Heritage Financial (HFWA) Overweight RecommendationApril 25, 2023 | americanbankingnews.comHeritage Financial (NASDAQ:HFWA) Rating Lowered to Market Perform at Keefe, Bruyette & WoodsApril 25, 2023 | americanbankingnews.comHeritage Financial Co. (NASDAQ:HFWA) Expected to Post Q2 2023 Earnings of $0.54 Per ShareApril 24, 2023 | msn.comHot Stocks: PHG jumps on earnings news; AI, HFWA fall on analyst downgrades; FOR sets 52-week highApril 24, 2023 | msn.comHeritage Financial stock slides after downgrade to Market Perform at KBWApril 22, 2023 | msn.comHeritage Financial (HFWA) Declares $0.22 DividendApril 21, 2023 | marketwatch.comHERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2023 RESULTS AND DECLARES REGULAR CASH DIVIDENDApril 21, 2023 | finance.yahoo.comQ1 2023 Heritage Financial Corp Earnings CallApril 19, 2023 | msn.comEarnings Outlook For Heritage FinancialApril 18, 2023 | americanbankingnews.comHeritage Financial (HFWA) Scheduled to Post Earnings on ThursdayApril 14, 2023 | americanbankingnews.comHeritage Financial (NASDAQ:HFWA) Hits New 1-Year Low at $19.95April 10, 2023 | americanbankingnews.comHeritage Financial (NASDAQ:HFWA) PT Lowered to $31.00 at Keefe, Bruyette & WoodsApril 8, 2023 | americanbankingnews.comEquities Analysts Set Expectations for Heritage Financial Co.'s FY2023 Earnings (NASDAQ:HFWA)April 7, 2023 | msn.comKeefe, Bruyette & Woods Maintains Heritage Financial (HFWA) Market Perform RecommendationSee More Headlines HFWA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HFWA Company Calendar Last Earnings10/20/2021Ex-Dividend for 5/18 Dividend5/03/2023Dividend Payable5/18/2023Today6/02/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Savings institutions, except federal Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HFWA CUSIP42722X10 CIK1046025 Webwww.hf-wa.com Phone(360) 943-1500Fax360-352-0864Employees751Year Founded1927Price Target and Rating Average Stock Price Forecast$27.67 High Stock Price Forecast$35.00 Low Stock Price Forecast$23.00 Forecasted Upside/Downside+67.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.33 Trailing P/E Ratio7.09 Forward P/E Ratio8.26 P/E GrowthN/ANet Income$81.88 million Net Margins30.05% Pretax Margin36.66% Return on Equity10.30% Return on Assets1.15% Debt Debt-to-Equity Ratio0.49 Current Ratio0.74 Quick Ratio0.74 Sales & Book Value Annual Sales$257.05 million Price / Sales2.25 Cash Flow$2.44 per share Price / Cash Flow6.76 Book Value$23.56 per share Price / Book0.70Miscellaneous Outstanding Shares35,060,000Free Float34,431,000Market Cap$579.19 million OptionableOptionable Beta0.56 Social Links Key ExecutivesJeffrey J. DeuelPresident, Chief Executive Officer & DirectorBryan D. McDonaldChief Operating Officer & Executive Vice PresidentDonald J. HinsonChief Financial Officer & Executive Vice PresidentBill GlasbyChief Information Officer & Executive VPAnthony W. ChalfantChief Credit Officer & Executive Vice PresidentKey CompetitorsGreene County BancorpNASDAQ:GCBCSouthern Missouri BancorpNASDAQ:SMBCHome BancorpNASDAQ:HBCPBlue Foundry BancorpNASDAQ:BLFYBerkshire Hills BancorpNYSE:BHLBView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 13,890 shares on 5/25/2023Ownership: 0.149%Ameriprise Financial Inc.Bought 10,871 shares on 5/22/2023Ownership: 0.507%Frederick B RiveraBought 600 shares on 5/19/2023Total: $9,804.00 ($16.34/share)JPMorgan Chase & Co.Sold 89,911 shares on 5/18/2023Ownership: 0.420%New York State Common Retirement FundSold 7,311 shares on 5/18/2023Ownership: 0.049%View All Insider TransactionsView All Institutional Transactions HFWA Stock - Frequently Asked Questions Should I buy or sell Heritage Financial stock right now? 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. What is Heritage Financial's stock price forecast for 2023? 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. How have HFWA shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Heritage Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023. View our HFWA earnings forecast. How were Heritage Financial's earnings last quarter? 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. How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial? 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. What ETFs hold Heritage Financial's stock? 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). Is Heritage Financial a good dividend stock? 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. 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). What is Heritage Financial's stock symbol? Heritage Financial trades on the NASDAQ under the ticker symbol "HFWA." Who are Heritage Financial's major shareholders? 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Heritage Financial's stock price today? One share of HFWA stock can currently be purchased for approximately $16.52. How much money does Heritage Financial make? 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. How many employees does Heritage Financial have? The company employs 751 workers across the globe. How can I contact Heritage Financial? 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. This page (NASDAQ:HFWA) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Heritage Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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