Heritage Financial - HFWA Stock Forecast, Price & News

1 Wall Street research 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 research analysts is that investors should "buy" HFWA shares.
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1 Wall Street analysts have issued 1-year target prices for Heritage Financial's shares. Their HFWA stock forecasts range from $29.00 to $29.00. On average, they expect the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
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Heritage Financial's stock was trading at $24.44 at the beginning of 2022. Since then, HFWA shares have increased by 4.8% and is now trading at $25.62.
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Heritage Financial is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our HFWA earnings forecast.

Heritage Financial Co. (NASDAQ:HFWA) posted its quarterly earnings results on Thursday, July, 21st. The financial services provider reported $0.52 EPS for the quarter, topping 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 quarter last year, the firm posted $0.90 EPS.

Heritage Financial announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Wednesday, August 3rd will be given 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 3.28%. The ex-dividend date is Tuesday, August 2nd.
Read our dividend analysis for HFWA.

Heritage Financial (NASDAQ:HFWA) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.26%. 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.

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.

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).

Heritage Financial trades on the NASDAQ under the ticker symbol "HFWA."

Heritage Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (3.59%), Allspring Global Investments Holdings LLC (0.79%), Kiley Juergens Wealth Management LLC (0.60%), Assenagon Asset Management S.A. (0.30%), Russell Investments Group Ltd. (0.24%) and Robeco Institutional Asset Management B.V. (0.17%). 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.
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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.
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One share of HFWA stock can currently be purchased for approximately $25.62.

Heritage Financial (NASDAQ:HFWA) has a market capitalization of $899.31 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.

Heritage Financial employs 751 workers across the globe.

Heritage Financial was founded in 1927.

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.