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NASDAQ:HFWA

Heritage Financial Stock Forecast, Price & News

$18.25
-1.23 (-6.31 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$18.10
Now: $18.25
$19.31
50-Day Range
$18.42
MA: $19.97
$20.98
52-Week Range
$14.65
Now: $18.25
$29.25
Volume158,698 shs
Average Volume190,292 shs
Market Capitalization$655.34 million
P/E Ratio16.44
Dividend Yield4.11%
Beta0.7
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, 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, business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial loans focuses on real estate related industries and businesses in agricultural, healthcare, legal, and other professions. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services through trust powers, as well as objective advice. As of January 30, 2018, the company had a network of 64 branches 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.57 out of 5 stars


Industry, Sector and Symbol

Industry Savings institutions, except federal
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HFWA
CUSIP42722X10
Phone360-943-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$250.31 million
Cash Flow$2.03 per share
Book Value$22.10 per share

Profitability

Net Income$67.56 million

Miscellaneous

Employees878
Market Cap$655.34 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$18.25
-1.23 (-6.31 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Heritage Financial (NASDAQ:HFWA) Frequently Asked Questions

How has Heritage Financial's stock been impacted by COVID-19 (Coronavirus)?

Heritage Financial's stock was trading at $20.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HFWA shares have decreased by 9.7% and is now trading at $18.25.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Heritage Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Heritage Financial
.

When is Heritage Financial's next earnings date?

Heritage Financial is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Heritage Financial
.

How were Heritage Financial's earnings last quarter?

Heritage Financial Corp (NASDAQ:HFWA) released its earnings results on Thursday, July, 23rd. The financial services provider reported ($0.17) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.34. The financial services provider had revenue of $58.56 million for the quarter, compared to analysts' expectations of $57.03 million. Heritage Financial had a net margin of 16.36% and a return on equity of 5.13%.
View Heritage Financial's earnings history
.

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

Heritage Financial declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.20 per share on Wednesday, August 19th. This represents a $0.80 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Tuesday, August 4th.
View Heritage Financial's dividend history
.

What price target have analysts set for HFWA?

2 Wall Street analysts have issued 1 year price targets for Heritage Financial's shares. Their forecasts range from $29.00 to $29.00. On average, they expect Heritage Financial's share price to reach $29.00 in the next year. This suggests a possible upside of 58.9% from the stock's current price.
View analysts' price targets for Heritage Financial
.

Are investors shorting Heritage Financial?

Heritage Financial saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,790,000 shares, a decrease of 13.9% from the August 15th total of 2,080,000 shares. Based on an average daily volume of 211,600 shares, the days-to-cover ratio is currently 8.5 days. Approximately 5.1% of the company's stock are sold short.
View Heritage Financial's Short Interest
.

Who are some of Heritage Financial's key competitors?

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 key executives?

Heritage Financial's management team includes the following people:
  • Mr. Brian L. Vance, CEO & Director (Age 65)
  • Mr. Jeffrey J. Deuel, Pres (Age 60)
  • Mr. Donald J. Hinson CPA, Exec. VP & CFO (Age 58)
  • Mr. Bryan D. McDonald, Exec. VP & COO (Age 47)
  • William K. Glasby, Exec. VP & Chief Technology Officer

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.58%), Goldman Sachs Group Inc. (3.48%), Bank of New York Mellon Corp (2.49%), Victory Capital Management Inc. (1.63%), Charles Schwab Investment Management Inc. (1.38%) and ProShare Advisors LLC (1.08%). Company insiders that own Heritage Financial stock include Brian Charneski, Brian L Vance, Bryan Mcdonald, David A Spurling, Donald Hinson, Gragg E Miller, Jeffrey J Deuel, Jeffrey S Lyon and Lisa Banner.
View institutional ownership trends for Heritage Financial
.

Which major investors are selling Heritage Financial stock?

HFWA stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Heartland Advisors Inc., Victory Capital Management Inc., Goldman Sachs Group Inc., Prudential Financial Inc., First Trust Advisors LP, Nuveen Asset Management LLC, and Bank of America Corp DE.
View insider buying and selling activity for Heritage Financial
.

Which major investors are buying Heritage Financial stock?

HFWA stock was acquired by a variety of institutional investors in the last quarter, including ProShare Advisors LLC, Charles Schwab Investment Management Inc., Russell Investments Group Ltd., Baird Financial Group Inc., PDT Partners LLC, Vanguard Group Inc., Two Sigma Advisers LP, and Forest Hill Capital LLC. Company insiders that have bought Heritage Financial stock in the last two years include Brian Charneski, Gragg E Miller, Jeffrey J Deuel, and Jeffrey S Lyon.
View insider buying and selling activity for Heritage Financial
.

How do I buy shares of Heritage Financial?

Shares of HFWA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Heritage Financial's stock price today?

One share of HFWA stock can currently be purchased for approximately $18.25.

How big of a company is Heritage Financial?

Heritage Financial has a market capitalization of $655.34 million and generates $250.31 million in revenue each year. The financial services provider earns $67.56 million in net income (profit) each year or $1.83 on an earnings per share basis. Heritage Financial employs 878 workers across the globe.

What is Heritage Financial's official website?

The official website for Heritage Financial is www.hf-wa.com.

How can I contact Heritage Financial?

Heritage Financial's mailing address is 201 FIFTH AVENUE S.W., OLYMPIA WA, 98501. The financial services provider can be reached via phone at 360-943-1500 or via email at [email protected]

This page was last updated on 9/22/2020 by MarketBeat.com Staff

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