Heritage Financial (HFWA) Stock Price, News & Analysis

Company Overview

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products. On the deposit side, Heritage Bank offers checking and savings accounts, certificates of deposit, individual retirement accounts, and online and mobile banking platforms. Its treasury management services address the needs of businesses for payroll processing, automated clearing house (ACH) transfers, merchant services and other payment solutions.

Heritage Financial serves a regional footprint that spans Eastern Washington, Northern Idaho and parts of Oregon. With more than 80 branch locations, the company emphasizes local decision-making and community involvement, aiming to foster long-term relationships with borrowers and depositors. Its customer base includes small and mid-sized businesses, agricultural producers, nonprofit organizations and individual consumers, with a focus on meeting the unique needs of each market.

Heritage Bank traces its origins to 1927, when it was founded as a community bank in Spokane. Heritage Financial Corporation was later established as the bank holding entity to support growth and acquisitions across the region. Steven D. Clontz serves as president and chief executive officer, leading a management team that emphasizes prudent risk management and disciplined growth. Under this leadership, the company continues to balance community banking values with the operational efficiencies of a modern financial institution.

Key Stats

• Today's Range: $27.25 to $27.55
• 50-Day Range: $24.69 to $27.86
• 52-Week Range: $21.32 to $28.98
• Volume: 17,991 shs
• Average Volume: 292,483 shs
• Market Capitalization: $1.13 billion
• P/E Ratio: 13.47
• Dividend Yield: 3.49%
• Price Target: $30.50
• Consensus Rating: Hold

Heritage Financial Stock Analysis - MarketRank™

Heritage Financial scored higher than 77% of companies evaluated by MarketBeat, and ranked 288th out of 878 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Hold

Consensus Rating

Heritage Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on no strong buy ratings, 3 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Heritage Financial has a consensus price target of $30.50, representing about 11.2% upside from its current price of $27.42.

Amount of Analyst Coverage

Heritage Financial has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.15%

Earnings Growth

Earnings for Heritage Financial are expected to grow by 17.15% in the coming year, from $2.39 to $2.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Heritage Financial is 13.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Heritage Financial is 13.44, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.20.

Price to Book Value per Share Ratio

Heritage Financial has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.87% 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 10.43, which indicates bearish sentiment.

Change versus previous month

Short interest in Heritage Financial has recently decreased by 0.47%, indicating that investor sentiment is improving.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Heritage Financial pays a meaningful dividend of 3.50%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Heritage Financial has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Heritage Financial is 47.06%. 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 34.29% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: -0.15

News Sentiment

Heritage Financial has a news sentiment score of -0.15. 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 lower news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Heritage Financial this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for HFWA on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Heritage Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $129,070.00 in company stock.

Percentage Held by Insiders

1.49% of the stock of Heritage Financial is held by insiders.

Percentage Held by Institutions

78.30% of the stock of Heritage Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HFWA Stock Analysis - Frequently Asked Questions

How have HFWA shares performed this year?

Heritage Financial's stock was trading at $23.65 at the start of the year. Since then, HFWA stock has increased by 15.9% and is now trading at $27.42.

How were Heritage Financial's earnings last quarter?

Heritage Financial Corporation (NASDAQ:HFWA) announced its quarterly earnings data on Thursday, April, 23rd. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The financial services provider had revenue of $77.92 million for the quarter, compared to analysts' expectations of $80.31 million. Heritage Financial had a trailing twelve-month return on equity of 8.71% and a net margin of 20.50%.
Read the conference call transcript.

Who are Heritage Financial's major shareholders?

Heritage Financial's top institutional shareholders include Jennison Associates LLC (7.81%), Dimensional Fund Advisors LP (4.76%), Bank of New York Mellon Corp (0.92%) and Principal Financial Group Inc. (0.49%). Insiders that own company stock include Jeffrey J Deuel, Donald Hinson, Brian Charneski, Bryan Mcdonald, Amy E Curran, Tony Chalfant, Frederick B Rivera and Kelli Ann Wilson.
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.

What other stocks do shareholders of Heritage Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Heritage Financial investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Record date for 2/11 Dividend: 1/28/2026
• Ex-Dividend for 2/11 Dividend: 1/28/2026
• Dividend Payable: 2/11/2026
• Last Earnings: 4/23/2026
• Record date for 5/20 Dividend: 5/06/2026
• Ex-Dividend for 5/20 Dividend: 5/06/2026
• Today: 5/08/2026
• Dividend Payable: 5/20/2026
• Next Earnings (Estimated): 7/23/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - SVGS & LOAN
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HFWA
• CIK: 1046025
• Web: www.hf-wa.com
• Phone: (360) 943-1500
• Fax: 360-352-0864
• Employees: 830
• Year Founded: 1927

Price Target and Rating

• Average Price Target for Heritage Financial: $30.50
• High Price Target: $32.00
• Low Price Target: $28.00
• Potential Upside/Downside: +10.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.04
• Trailing P/E Ratio: 13.49
• Forward P/E Ratio: 11.51
• P/E Growth: N/A
• Net Income: $67.53 million
• Net Margins: 20.50%
• Pretax Margin: 23.96%
• Return on Equity: 8.71%
• Return on Assets: 1.13%

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 0.81
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $335.97 million
• Price / Sales: 3.37
• Cash Flow: $3.07 per share
• Price / Cash Flow: 8.96
• Book Value: $27.12 per share
• Price / Book: 1.01

Miscellaneous

• Outstanding Shares: 41,130,000
• Free Float: 40,518,000
• Market Cap: $1.13 billion
• Optionable: Optionable
• Beta: 0.50