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NASDAQ:HFWA

Heritage Financial - HFWA Stock Forecast, Price & News

$28.26
+0.25 (+0.89%)
(As of 01/27/2023 01:17 PM ET)
Add
Compare
Today's Range
$27.84
$28.34
50-Day Range
$28.01
$33.11
52-Week Range
$23.31
$34.34
Volume
28,049 shs
Average Volume
189,953 shs
Market Capitalization
$992.04 million
P/E Ratio
12.73
Dividend Yield
3.00%
Price Target
$36.50

Heritage Financial MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.8% Upside
$36.50 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Heritage Financial in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$274,738 Sold Last Quarter
Proj. Earnings Growth
15.58%
From $2.31 to $2.67 Per Share

Overall MarketRank

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

3.20 out of 5 stars

Finance Sector

21st out of 900 stocks

Savings Institutions, Except Federal Industry

1st out of 17 stocks


HFWA stock logo

About Heritage Financial (NASDAQ:HFWA) Stock

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. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. 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.

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HFWA Stock News Headlines

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Heritage Financial's Earnings Outlook
Heritage Financial (NASDAQ:HFWA) Stock Price Down 1.9%
Heritage Bank Expands into the Boise, Idaho, Market
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Heritage Bank adds LA Clippers executive to its board
Analyst Ratings for Heritage-Crystal Clean
What 5 Analyst Ratings Have To Say About Heritage-Crystal Clean
Heritage Financial: Q3 Earnings Insights
Heritage Financial's Earnings: A Preview
See More Headlines
Receive HFWA Stock News and Ratings via Email

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HFWA Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 11/16 Dividend
11/01/2022
Dividend Payable
11/16/2022
Today
1/27/2023
Next Earnings (Estimated)
4/19/2023
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
$36.50
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+29.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$98.04 million
Pretax Margin
39.31%

Debt

Sales & Book Value

Annual Sales
$247.45 million
Cash Flow
$2.26 per share
Book Value
$24.30 per share

Miscellaneous

Free Float
34,472,000
Market Cap
$992.04 million
Optionable
Optionable
Beta
0.63

Social Links


Key Executives

  • Mr. Brian L. VanceMr. Brian L. Vance (Age 69)
    Chairman
    Comp: $1.03M
  • Mr. Jeffrey J. Deuel (Age 64)
    Pres, CEO & Director
    Comp: $1.08M
  • Mr. Donald J. Hinson CPA (Age 62)
    Exec. VP & CFO
    Comp: $572.67k
  • Mr. Bryan D. McDonald (Age 51)
    Exec. VP
    Comp: $689.2k
  • Ms. Cindy M. HuntleyMs. Cindy M. Huntley (Age 59)
    Exec. VP & Chief Banking Officer of Heritage Bank
    Comp: $451.57k
  • Mr. Anthony ChalfantMr. Anthony Chalfant (Age 61)
    Exec. VP & Chief Credit Officer
    Comp: $484.24k
  • Mr. William K. Glasby
    Exec. VP & CTO
  • Ms. Sabrina C. Robison
    Sr. VP & Chief HR Officer
  • Ms. Kaylene M. Lahn (Age 51)
    Sr. VP & Corp. Sec.













HFWA Stock - Frequently Asked Questions

Should I buy or sell Heritage Financial stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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?

1 Wall Street research analysts have issued 1-year price targets for Heritage Financial's stock. Their HFWA share price forecasts range from $35.00 to $38.00. On average, they predict the company's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 30.3% 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 beginning of 2023. Since then, HFWA shares have decreased by 8.6% and is now trading at $28.01.
View the best growth stocks for 2023 here
.

Are investors shorting Heritage Financial?

Heritage Financial saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 870,100 shares, a decrease of 17.9% from the December 31st total of 1,060,000 shares. Based on an average trading volume of 223,800 shares, the short-interest ratio is presently 3.9 days. Approximately 2.5% of the shares of the stock 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 Wednesday, April 19th 2023.
View our HFWA earnings forecast
.

How were Heritage Financial's earnings last quarter?

Heritage Financial Co. (NASDAQ:HFWA) announced its quarterly earnings results on Wednesday, October, 20th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The financial services provider had revenue of $59.61 million for the quarter, compared to analysts' expectations of $60.53 million. Heritage Financial had a trailing twelve-month return on equity of 9.67% and a net margin of 32.28%. During the same quarter in the prior year, the company 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 Wednesday, October 19th. Shareholders of record on Wednesday, November 2nd will be given a dividend of $0.21 per share on Wednesday, November 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, November 1st.
Read our dividend analysis for HFWA
.

Is Heritage Financial a good dividend stock?

Heritage Financial (NASDAQ:HFWA) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.98%. The dividend payout ratio is 37.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 31.46% 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 shareholders include Allspring Global Investments Holdings LLC (0.80%), Assenagon Asset Management S.A. (0.48%), Ziegler Capital Management LLC (0.13%), Yousif Capital Management LLC (0.07%), Exchange Traded Concepts LLC (0.07%) and Comerica Bank (0.06%). Insiders that own company stock include Brian Charneski, Brian L Vance, Cindy M Huntley, Gragg E Miller, Jeffrey J Deuel, 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 $28.01.

How much money does Heritage Financial make?

Heritage Financial (NASDAQ:HFWA) has a market capitalization of $983.15 million and generates $247.45 million in revenue each year. The financial services provider earns $98.04 million in net income (profit) each year or $2.22 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 1/27/2023 by MarketBeat.com Staff