Should I buy or sell Heritage Financial stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last twelve months. There are currently 2 hold ratings 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?

2 Wall Street analysts have issued 1 year price objectives for Heritage Financial's stock. Their HFWA share price targets range from $20.00 to $23.00. On average, they anticipate the company's stock price to reach $21.67 in the next year. This suggests a possible upside of 14.9% 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 stock has decreased by 38.5% and is now trading at $18.85. 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, January 25th 2024. View our HFWA earnings forecast .

How were Heritage Financial's earnings last quarter?

Heritage Financial Co. (NASDAQ:HFWA) released its earnings results on Thursday, October, 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. The financial services provider had revenue of $61.89 million for the quarter, compared to analysts' expectations of $62.03 million. Heritage Financial had a trailing twelve-month return on equity of 9.59% and a net margin of 25.63%.

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

Heritage Financial announced a quarterly dividend on Thursday, October 19th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.22 per share on Wednesday, November 15th. This represents a $0.88 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, October 31st. 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 4.67%. 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 39.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 50.57% 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 a variety of institutional and retail investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.80%), Bank of New York Mellon Corp (2.65%), Schroder Investment Management Group (1.54%), Ameriprise Financial Inc. (1.50%), Northern Trust Corp (1.33%) and Heartland Advisors Inc. (1.29%). 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 .

Positive News SentimentPositive News

Heritage Financial Stock Price, News & Analysis (NASDAQ:HFWA)

$18.85

+1.03 (+5.78%)

(As of 12/1/2023 08:54 PM ET)

Compare

Today's Range: $17.71
▼
$19.00
50-Day Range: $15.97
▼
$18.85
52-Week Range: $14.85
▼
$32.57

Volume: 214,800 shs
Average Volume: 221,687 shs
Market Capitalization: $657.87 million

P/E Ratio: 8.53
Dividend Yield: 4.67%
Price Target: $21.67

Heritage Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 14.9% Upside
$21.67 Price Target
Short Interest: Healthy
1.80% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$83,500 Bought Last Quarter
Proj. Earnings Growth: -13.86%
From $2.02 to $1.74 Per Share

Overall MarketRank^™

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

2.74 out of 5 stars

Financial Services Sector

11th out of 50 stocks

Banks - Regional Industry

5th out of 18 stocks

2.0

Analyst's Opinion

Consensus Rating
Heritage Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.67, Heritage Financial has a forecasted upside of 14.9% from its current price of $18.85.
Amount of Analyst Coverage
Heritage Financial has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.80% of the float of Heritage Financial has been sold short.
Short Interest Ratio / Days to Cover
Heritage Financial has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Heritage Financial has recently decreased by 9.31%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Heritage Financial is a leading dividend payer. It pays a dividend yield of 4.67%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Heritage Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Heritage Financial is 39.82%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Heritage Financial will have a dividend payout ratio of 50.57% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HFWA.

3.3

News and Social Media Coverage

News Sentiment
Heritage Financial has a news sentiment score of 1.87. 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 0.79 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Heritage Financial this week, compared to 2 articles on an average week.
MarketBeat Follows
1 people have added Heritage Financial to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $83,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.80% of the stock of Heritage Financial is held by insiders.
Percentage Held by Institutions
78.42% of the stock of Heritage Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Heritage Financial are expected to decrease by -13.86% in the coming year, from $2.02 to $1.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Financial is 8.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Financial is 8.53, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 343.67.
Price to Book Value per Share Ratio
Heritage Financial has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

HFWA Stock News Headlines

November 22, 2023 | finance.yahoo.com

The past five years for Heritage Financial (NASDAQ:HFWA) investors has not been profitable

November 10, 2023 | morningstar.com

Heritage Financial Corp HFWA

December 4, 2023 | DTI Trader (Ad)

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November 3, 2023 | bizjournals.com

Heritage Insurance exec says commercial rates to climb even higher in Florida

October 26, 2023 | finance.yahoo.com

Heritage Financial Corporation (NASDAQ:HFWA) Looks Interesting, And It's About To Pay A Dividend

October 24, 2023 | finanznachrichten.de

Community Heritage Financial, Inc. Reports Earnings for the Third Quarter of 2023

October 21, 2023 | marketwatch.com

Heritage Financial Shares Jump After Topping 3Q Earnings Estimates

October 21, 2023 | markets.businessinsider.com

D.A. Davidson Keeps Their Buy Rating on Heritage Financial (HFWA)

December 4, 2023 | DTI Trader (Ad)

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October 20, 2023 | finance.yahoo.com

Heritage Financial Corporation (NASDAQ:HFWA) Q3 2023 Earnings Call Transcript

October 20, 2023 | finance.yahoo.com

Q3 2023 Heritage Financial Corp Earnings Call

October 19, 2023 | finance.yahoo.com

Heritage Financial Corp (HFWA) Announces Q3 2023 Earnings: Net Income Rises to $18.2 Million

October 19, 2023 | seekingalpha.com

Heritage Financial Corporation 2023 Q3 - Results - Earnings Call Presentation

October 19, 2023 | finance.yahoo.com

Heritage Financial (HFWA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

October 19, 2023 | finance.yahoo.com

HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2023 RESULTS AND DECLARES REGULAR CASH DIVIDEND

October 18, 2023 | benzinga.com

Earnings Preview For Heritage Financial

October 13, 2023 | benzinga.com

HERITAGE FINANCIAL A FORBES TOP RIA FIRM 2023

October 9, 2023 | benzinga.com

Heritage Capital Group Announces Sale of MBRE Warehouse

October 5, 2023 | markets.businessinsider.com

Heritage Insurance Drops 10% After Projecting Catastrophe Losses

October 2, 2023 | markets.businessinsider.com

Heritage Cannabis Reports $8.79M Q3 2023 Revenue, Showing Strong YoY Growth

September 29, 2023 | seekingalpha.com

Heritage Cannabis Holdings GAAP EPS of C$0.00, revenue of C$8.11M

September 21, 2023 | msn.com

Heritage Federal Credit Union warns of scammers

September 15, 2023 | msn.com

Heritage Financial: I Understand Why Shares Haven't Recovered

September 14, 2023 | finance.yahoo.com

Director Brian Charneski Buys 5,000 Shares of Heritage Financial Corp

September 12, 2023 | msn.com

2. Heritage Investment Group

August 22, 2023 | finance.yahoo.com

Heritage Financial Corporation (NASDAQ:HFWA) is largely controlled by institutional shareholders who own 79% of the company

August 3, 2023 | msn.com

Heritage Financial (HFWA) Price Target Decreased by 5.41% to 21.42

See More Headlines

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Company Calendar

Last Earnings: 10/19/2023
Ex-Dividend for 11/15 Dividend: 10/31/2023
Dividend Payable: 11/15/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/25/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Banks - Regional
Sub-Industry: Regional Banks
Sector: Financial Services
Current Symbol: NASDAQ:HFWA
CUSIP: 42722X10
CIK: 1046025
Web: www.hf-wa.com
Phone: (360) 943-1500
Fax: 360-352-0864
Employees: 814
Year Founded: 1927

Price Target and Rating

Average Stock Price Target: $21.67
High Stock Price Target: $23.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +14.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.21
Trailing P/E Ratio: 8.53
Forward P/E Ratio: 9.33
P/E Growth: N/A
Net Income: $81.88 million
Net Margins: 25.63%
Pretax Margin: 30.93%
Return on Equity: 9.59%
Return on Assets: 1.10%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 0.76
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $257.05 million
Price / Sales: 2.56
Cash Flow: $2.42 per share
Price / Cash Flow: 7.79
Book Value: $23.31 per share
Price / Book: 0.81

Miscellaneous

Outstanding Shares: 34,900,000
Free Float: 34,273,000
Market Cap: $657.87 million
Optionable: Optionable
Beta: 0.58

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Key Executives

Mr. Brian L. Vance (Age 69)
Chairman of the Board
Comp: $103.5k
Mr. Jeffrey J. Deuel (Age 64)
President, CEO & Director
Comp: $1.25M
Mr. Donald J. Hinson CPA (Age 62)
Executive VP & CFO
Comp: $645.32k
Ms. Cindy M. Hirman (Age 59)
Executive VP & Chief Banking Officer of Heritage Bank
Comp: $520.24k
Mr. Anthony W. Chalfant (Age 61)
Executive VP & Chief Credit Officer
Comp: $580.17k
Mr. Bryan D. McDonald (Age 51)
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 51)
Senior VP & Corporate Secretary
Mr. Matthew T. Ray
Executive VP & Chief Lending Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HFWA Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Financial stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last twelve months. There are currently 2 hold ratings 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?: 2 Wall Street analysts have issued 1 year price objectives for Heritage Financial's stock. Their HFWA share price targets range from $20.00 to $23.00. On average, they anticipate the company's stock price to reach $21.67 in the next year. This suggests a possible upside of 14.9% 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 stock has decreased by 38.5% and is now trading at $18.85.
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, January 25th 2024.
View our HFWA earnings forecast.
How were Heritage Financial's earnings last quarter?: Heritage Financial Co. (NASDAQ:HFWA) released its earnings results on Thursday, October, 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. The financial services provider had revenue of $61.89 million for the quarter, compared to analysts' expectations of $62.03 million. Heritage Financial had a trailing twelve-month return on equity of 9.59% and a net margin of 25.63%.
How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial?: Heritage Financial announced a quarterly dividend on Thursday, October 19th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.22 per share on Wednesday, November 15th. This represents a $0.88 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, October 31st.
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 4.67%. 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 39.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 50.57% 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 a variety of institutional and retail investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.80%), Bank of New York Mellon Corp (2.65%), Schroder Investment Management Group (1.54%), Ameriprise Financial Inc. (1.50%), Northern Trust Corp (1.33%) and Heartland Advisors Inc. (1.29%). 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.

This page (NASDAQ:HFWA) was last updated on 12/4/2023 by MarketBeat.com Staff

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Heritage Financial Stock Price, News & Analysis (NASDAQ:HFWA)

Heritage Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Heritage Financial Stock (NASDAQ:HFWA)

HFWA Stock Price History

HFWA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

HFWA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™