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NASDAQ:HFWA

Heritage Financial (HFWA) Stock Forecast, Price & News

$16.82
-1.00 (-5.61%)
(As of 06/5/2023 ET)
Compare
Today's Range
$16.76
$17.84
50-Day Range
$15.26
$22.18
52-Week Range
$14.85
$34.34
Volume
244,064 shs
Average Volume
253,706 shs
Market Capitalization
$589.71 million
P/E Ratio
7.22
Dividend Yield
5.23%
Price Target
$27.67

Heritage Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
64.5% Upside
$27.67 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$119,584 Bought Last Quarter
Proj. Earnings Growth
-1.50%
From $2.00 to $1.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.85 out of 5 stars

Finance Sector

174th out of 854 stocks

Savings Institutions, Except Federal Industry

3rd out of 17 stocks


HFWA stock logo

About Heritage Financial (NASDAQ:HFWA) Stock

Heritage 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.

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HFWA Stock News Headlines

[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
Heritage Financial: Dividend Insights
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Q1 2023 Heritage Financial Corp Earnings Call
Earnings Outlook For Heritage Financial
Heritage Financial (NASDAQ:HFWA) Hits New 1-Year Low at $19.95
See More Headlines

HFWA Price History

HFWA Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 5/18 Dividend
5/03/2023
Dividend Payable
5/18/2023
Today
6/05/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Savings institutions, except federal
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HFWA
CUSIP
42722X10
Employees
751
Year Founded
1927

Price Target and Rating

Average Stock Price Forecast
$27.67
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+62.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$81.88 million
Pretax Margin
36.66%

Debt

Sales & Book Value

Annual Sales
$257.05 million
Cash Flow
$2.32 per share
Book Value
$22.73 per share

Miscellaneous

Free Float
34,424,000
Market Cap
$598.12 million
Optionable
Optionable
Beta
0.56

Social Links


Key Executives

  • Jeffrey J. Deuel
    President, Chief Executive Officer & Director
  • Bryan D. McDonald
    Chief Operating Officer & Executive Vice President
  • Donald J. Hinson
    Chief Financial Officer & Executive Vice President
  • Bill Glasby
    Chief Information Officer & Executive VP
  • Anthony W. Chalfant
    Chief Credit Officer & Executive Vice President













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 twelve months. 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 brokerages have issued twelve-month price objectives for Heritage Financial's stock. Their HFWA share price forecasts range from $23.00 to $35.00. On average, they anticipate the company's stock price to reach $27.67 in the next year. This suggests a possible upside of 62.2% 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 44.3% and is now trading at $17.06.
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) released its quarterly earnings results on Wednesday, October, 20th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The financial services provider earned $59.61 million during 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 last year, the business earned $0.46 earnings per share.

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

Heritage Financial declared a quarterly dividend on Tuesday, April 18th. Investors 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 5.16%. The ex-dividend date is Wednesday, May 3rd.
Read our dividend analysis for HFWA
.

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 4.94%. 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 variety 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 $17.06.

How much money does Heritage Financial make?

Heritage Financial (NASDAQ:HFWA) has a market capitalization of $598.12 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 6/5/2023 by MarketBeat.com Staff

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