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NASDAQ:HFWA

Heritage Financial (HFWA) Stock Price, News & Analysis

$18.47
-0.03 (-0.16%)
(As of 10:03 AM ET)
Today's Range
$18.32
$18.73
50-Day Range
$18.01
$22.04
52-Week Range
$14.85
$28.61
Volume
13,499 shs
Average Volume
196,323 shs
Market Capitalization
$644.60 million
P/E Ratio
10.55
Dividend Yield
4.98%
Price Target
$21.75

Heritage Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
17.6% Upside
$21.75 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$12,138 Bought Last Quarter
Proj. Earnings Growth
5.71%
From $1.75 to $1.85 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.

3.49 out of 5 stars

Finance Sector

429th out of 848 stocks

Savings Institutions, Except Federal Industry

6th out of 14 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. The company 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. Its 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. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. 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 Corporation (HFWA)
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Heritage Financial Corp.
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Heritage Commerce declares $0.13 dividend
Here's what to expect from Heritage Financial's earnings
FFWC: Parke Heritage 58, Edgewood 44
FFWVC: Parke Heritage 63, Northview 44
Heritage Financial Corp HFWA
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/22 Dividend
2/07/2024
Today
2/22/2024
Dividend Payable
2/22/2024
Next Earnings (Estimated)
4/18/2024
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
803
Year Founded
1927

Price Target and Rating

Average Stock Price Target
$21.75
High Stock Price Target
$23.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+17.6%
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
$303.13 million
Cash Flow
$2.10 per share
Book Value
$24.45 per share

Miscellaneous

Free Float
34,266,000
Market Cap
$645.65 million
Optionable
Optionable
Beta
0.56

Social Links

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Key Executives

  • Mr. Brian L. VanceMr. Brian L. Vance (Age 70)
    Chairman of the Board
    Comp: $103.5k
  • Mr. Jeffrey J. Deuel (Age 65)
    President, CEO & Director
    Comp: $1.25M
  • Mr. Donald J. Hinson CPA (Age 63)
    Executive VP & CFO
    Comp: $645.32k
  • Ms. Cindy M. Hirman (Age 60)
    Executive VP & Chief Banking Officer of Heritage Bank
    Comp: $520.24k
  • Mr. Anthony W. Chalfant (Age 62)
    Executive VP & Chief Credit Officer
    Comp: $580.17k
  • Mr. Bryan D. McDonald (Age 52)
    President & COO of Heritage Bank
    Comp: $781.56k
  • 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
  • Mr. Matthew T. Ray
    Executive VP & Chief Lending Officer














HFWA Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Financial stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1 year price targets for Heritage Financial's shares. Their HFWA share price targets range from $20.00 to $23.00. On average, they anticipate the company's stock price to reach $21.75 in the next year. This suggests a possible upside of 17.6% 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 on January 1st, 2024. Since then, HFWA shares have decreased by 13.5% and is now trading at $18.50.
View the best growth stocks for 2024 here
.

Are investors shorting Heritage Financial?

Heritage Financial saw a increase in short interest in January. As of January 31st, there was short interest totaling 647,600 shares, an increase of 38.2% from the January 15th total of 468,700 shares. Based on an average daily volume of 190,000 shares, the short-interest ratio is currently 3.4 days. Approximately 1.9% of the shares of the company 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 18th 2024.
View our HFWA earnings forecast
.

How were Heritage Financial's earnings last quarter?

Heritage Financial Co. (NASDAQ:HFWA) announced its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $0.47 earnings per share 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 trailing twelve-month return on equity of 8.66% and a net margin of 20.37%.

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

Heritage Financial announced a quarterly dividend on Wednesday, January 24th. Shareholders 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 dividend on an annualized basis and a yield of 4.97%. 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 4.97%. 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 49.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HFWA.

What ETF holds Heritage Financial's stock ?

Invesco S&P SmallCap Low Volatility ETF holds 207,912 shares of HFWA stock, representing 0.87% of its portfolio.

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 Vanguard Group Inc. (7.67%), Dimensional Fund Advisors LP (4.97%), Charles Schwab Investment Management Inc. (2.89%), Goldman Sachs Group Inc. (2.67%), Northern Trust Corp (1.33%) and Heartland Advisors Inc. (1.28%). 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 2/22/2024 by MarketBeat.com Staff