NASDAQ:HFWA

Heritage Financial - HFWA Stock Forecast, Price & News

$27.08

-0.03 (-0.11%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: $26.68
▼
$27.30
50-Day Range: $23.94
▼
$27.69
52-Week Range: $20.95
▼
$27.90

Volume: 657,009 shs
Average Volume: 183,537 shs
Market Capitalization: $950.62 million

P/E Ratio: 12.25
Dividend Yield: 3.10%
Price Target: $29.00

Heritage Financial MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 7.1% Upside
$29.00 Price Target
Short Interest: Healthy
2.64% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$141,290 Sold Last Quarter
Proj. Earnings Growth: 7.48%
From $2.14 to $2.30 Per Share

Overall MarketRank^™

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

2.51 out of 5 stars

Finance Sector

302nd out of 896 stocks

Savings Institutions, Except Federal Industry

5th out of 15 stocks

1.5

Analyst's Opinion

Consensus Rating
Heritage Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.00, Heritage Financial has a forecasted upside of 7.1% from its current price of $27.08.
Amount of Analyst Coverage
Heritage Financial has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.64% 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 5.5.
Change versus previous month
Short interest in Heritage Financial has recently decreased by 5.88%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Heritage Financial pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Heritage Financial has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Heritage Financial is 38.01%. 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 36.52% 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 1.89. 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 Finance companies.
Search Interest
Only 2 people have searched for HFWA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
5 people have added Heritage Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

2.5

Company Ownership

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 $141,290.00 in company stock.
Percentage Held by Insiders
Only 1.80% of the stock of Heritage Financial is held by insiders.
Percentage Held by Institutions
77.49% of the stock of Heritage Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Heritage Financial are expected to grow by 7.48% in the coming year, from $2.14 to $2.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Financial is 12.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 153.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Financial is 12.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 161.60.
Price to Book Value per Share Ratio
Heritage Financial has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Wall Street Analyst Weigh In

Separately, DA Davidson raised Heritage Financial from a "neutral" rating to a "buy" rating in a research note on Monday, July 25th.

Heritage Financial Price Performance

Shares of HFWA Stock traded down $0.13 during trading hours on Friday, hitting $26.98. The company's stock had a trading volume of 4,709 shares, compared to its average volume of 187,012. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $25.62 and a 200-day moving average of $25.38. Heritage Financial has a twelve month low of $20.95 and a twelve month high of $27.90. The stock has a market cap of $947.00 million, a price-to-earnings ratio of 12.27 and a beta of 0.61.

Heritage Financial (NASDAQ:HFWA - Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Heritage Financial had a return on equity of 9.41% and a net margin of 33.11%. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts anticipate that Heritage Financial will post 2.14 EPS for the current year.

Heritage Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 3.11%. Heritage Financial's dividend payout ratio (DPR) is 38.01%.

Insiders Place Their Bets

In other news, Director Brian L. Vance sold 5,470 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $25.83, for a total value of $141,290.10. Following the completion of the transaction, the director now owns 97,513 shares of the company's stock, valued at $2,518,760.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

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HFWA Stock News Headlines

July 29, 2022 | americanbankingnews.com

DA Davidson Upgrades Heritage Financial (NASDAQ:HFWA) to Buy

July 28, 2022 | msn.com

Heritage Financial's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

July 27, 2022 | americanbankingnews.com

Analysts Set Expectations for Heritage Financial Co.'s Q3 2022 Earnings (NASDAQ:HFWA)

July 24, 2022 | finance.yahoo.com

Heritage Financial (NASDAQ:HFWA) Has Announced A Dividend Of $0.21

July 23, 2022 | seekingalpha.com

Heritage Financial Corporation (HFWA) CEO Jeff Deuel on Q2 2022 Results - Earnings Call Transcript

July 21, 2022 | finance.yahoo.com

Heritage Financial (HFWA) Surpasses Q2 Earnings and Revenue Estimates

July 21, 2022 | finance.yahoo.com

HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

July 14, 2022 | finance.yahoo.com

Heritage Financial (HFWA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

July 9, 2022 | finance.yahoo.com

Here's Why We Think Heritage Financial (NASDAQ:HFWA) Is Well Worth Watching

June 9, 2022 | finance.yahoo.com

Heritage Financial (NASDAQ:HFWA) investors are sitting on a loss of 3.8% if they invested three years ago

June 1, 2022 | finance.yahoo.com

Heritage Bank announces new commercial and relationship banking teams in Vancouver, Washington; Portland and Eugene, Oregon

April 22, 2022 | markets.businessinsider.com

Heritage Financial is about to announce its earnings — here's what Wall Street expects

April 21, 2022 | seekingalpha.com

Heritage Financial Corporation (HFWA) CEO Jeff Deuel on Q1 2022 Results - Earnings Call Transcript

April 21, 2022 | seekingalpha.com

Heritage Financial Corporation 2022 Q1 - Results - Earnings Call Presentation

April 21, 2022 | za.investing.com

Heritage Financial Tops Q1 EPS by 19c

April 21, 2022 | finance.yahoo.com

HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

February 3, 2022 | benzinga.com

Heritage Financial's Ex-Dividend Date Is Monday, Here's What You Need To Know

February 1, 2022 | finance.yahoo.com

Heritage Financial (NASDAQ:HFWA) Has Announced A Dividend Of US$0.21

January 31, 2022 | nasdaq.com

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

January 27, 2022 | finance.yahoo.com

Heritage Financial (HFWA) Beats Q4 Earnings and Revenue Estimates

January 27, 2022 | benzinga.com

Heritage Financial: Q4 Earnings Insights

January 27, 2022 | seekingalpha.com

Heritage Financial declares $0.21 dividend

January 27, 2022 | finance.yahoo.com

HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2021 RESULTS AND DECLARES REGULAR CASH DIVIDEND

January 19, 2022 | nasdaq.com

Heritage Financial Corporation Common Stock (HFWA)

December 23, 2021 | finance.yahoo.com

Does Heritage Financial (NASDAQ:HFWA) Deserve A Spot On Your Watchlist?

See More Headlines

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HFWA Company Calendar

Last Earnings: 7/21/2022
Ex-Dividend for 8/17 Dividend: 8/02/2022
Dividend Payable: 8/17/2022
Today: 8/19/2022
Next Earnings (Estimated): 10/20/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Savings institutions, except federal
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:HFWA
CUSIP: 42722X10
CIK: 1046025
Web: www.hf-wa.com
Phone: (360) 943-1500
Fax: 360-352-0864
Employees: 751
Year Founded: 1927

Price Target and Rating

Average Stock Price Forecast: $29.00
High Stock Price Forecast: $29.00
Low Stock Price Forecast: $29.00
Forecasted Upside/Downside: +7.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.21
Trailing P/E Ratio: 12.25
Forward P/E Ratio: 12.65
P/E Growth: N/A
Net Income: $98.04 million
Net Margins: 33.11%
Pretax Margin: 40.50%
Return on Equity: 9.41%
Return on Assets: 1.06%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 0.75
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $247.45 million
Price / Sales: 3.84
Cash Flow: $2.24 per share
Price / Cash Flow: 12.09
Book Value: $22.94 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 35,104,000
Free Float: 34,472,000
Market Cap: $950.62 million
Optionable: Optionable
Beta: 0.61

Social Links

Key Executives

Mr. Brian L. Vance (Age 68)
Chairman
Comp: $1.03M

Mr. Jeffrey J. Deuel (Age 63)
Pres, CEO & Director
Comp: $1.08M

Mr. Donald J. Hinson CPA (Age 61)
Exec. VP & CFO
Comp: $572.67k

Mr. Bryan D. McDonald (Age 50)
Exec. VP
Comp: $689.2k

Ms. Cindy M. Huntley (Age 58)
Exec. VP & Chief Banking Officer of Heritage Bank
Comp: $451.57k

Mr. Anthony Chalfant (Age 60)
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 50)
Sr. VP & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 2022?: 1 brokerages have issued twelve-month price targets for Heritage Financial's shares. Their HFWA share price forecasts range from $29.00 to $29.00. On average, they predict the company's share price to reach $29.00 in the next year. This suggests a possible upside of 7.1% 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 2022?: Heritage Financial's stock was trading at $24.44 on January 1st, 2022. Since then, HFWA stock has increased by 10.8% and is now trading at $27.08.
View the best growth stocks for 2022 here.
When is Heritage Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our HFWA earnings forecast.
How were Heritage Financial's earnings last quarter?: Heritage Financial Co. (NASDAQ:HFWA) issued its earnings results on Thursday, July, 21st. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Heritage Financial had a trailing twelve-month return on equity of 9.41% and a net margin of 33.11%. During the same period last year, the firm posted $0.90 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, July 20th. Stockholders of record on Wednesday, August 3rd will be paid a dividend of $0.21 per share on Wednesday, August 17th. This represents a $0.84 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Tuesday, August 2nd.
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 3.10%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 36.52% 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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (4.34%), Victory Capital Management Inc. (3.59%), Goldman Sachs Group Inc. (2.81%), Basswood Capital Management L.L.C. (1.78%), Northern Trust Corp (1.29%) and Allspring Global Investments Holdings LLC (0.79%). Insiders that own company stock include Brian Charneski, Brian L Vance, Bryan Mcdonald, Cindy M Huntley, David A Spurling, 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 $27.08.
How much money does Heritage Financial make?: Heritage Financial (NASDAQ:HFWA) has a market capitalization of $950.62 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 $2.21 on an earnings per share basis.
How many employees does Heritage Financial have?: The company employs 751 workers across the globe.
When was Heritage Financial founded?: Heritage Financial was founded in 1927.
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 8/19/2022 by MarketBeat.com Staff

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