NASDAQ:HFWA Heritage Financial - HFWA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Heritage Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. $29.23 -0.09 (-0.31%) (As of 02/7/2023 01:41 PM ET) Add Compare Share Share Today's Range$28.81▼$29.3650-Day Range$27.97▼$32.9052-Week Range$23.45▼$34.34Volume53,176 shsAverage Volume193,583 shsMarket Capitalization$1.03 billionP/E Ratio12.65Dividend Yield2.81%Price Target$36.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Heritage Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside26.1% Upside$36.50 Price TargetShort InterestHealthy2.52% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.07Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-0.77%From $2.59 to $2.57 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.78 out of 5 starsFinance Sector302nd out of 850 stocksSavings Institutions, Except Federal Industry5th out of 14 stocks 3.5 Analyst's Opinion Consensus RatingHeritage 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/DownsideAccording to analysts' consensus price target of $36.50, Heritage Financial has a forecasted upside of 26.1% from its current price of $28.94.Amount of Analyst CoverageHeritage Financial has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.52% of the float of Heritage Financial has been sold short.Short Interest Ratio / Days to CoverHeritage Financial has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Heritage Financial has recently decreased by 17.92%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldHeritage Financial pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthHeritage Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Heritage Financial is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Heritage Financial will have a dividend payout ratio of 32.68% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HFWA. Previous Next 2.8 News and Social Media Coverage News SentimentHeritage Financial has a news sentiment score of 1.07. 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 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Heritage Financial this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Heritage Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.80% of the stock of Heritage Financial is held by insiders.Percentage Held by Institutions78.91% of the stock of Heritage Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Heritage Financial are expected to decrease by -0.77% in the coming year, from $2.59 to $2.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Heritage Financial is 12.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.48.Price to Earnings Ratio vs. SectorThe P/E ratio of Heritage Financial is 12.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 184.26.Price to Book Value per Share RatioHeritage Financial has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Heritage Financial (NASDAQ:HFWA) StockHeritage Financial Corp. is bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary Heritage Bank. It includes commercial lending and deposit relationships with small and medium businesses and their owners in market areas, and attracting deposits from the general public. It also offers real estate construction and land development loans, and consumer loans. The company was founded in August 1997 and is headquartered in Olympia, WA.Read More Receive HFWA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Heritage Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address HFWA Stock News HeadlinesFebruary 1, 2023 | americanbankingnews.comQ1 2023 Earnings Forecast for Heritage Financial Co. Issued By DA Davidson (NASDAQ:HFWA)January 31, 2023 | finance.yahoo.comAnalysts Are Updating Their Heritage Financial Corporation (NASDAQ:HFWA) Estimates After Its Yearly ResultsFebruary 7, 2023 | Investing Trends (Ad)Move Over Lithium – 220 Pounds of Graphite In Every EV BatteryInvestors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.January 29, 2023 | finance.yahoo.comHeritage Financial's (NASDAQ:HFWA) Upcoming Dividend Will Be Larger Than Last Year'sJanuary 27, 2023 | finance.yahoo.comHeritage Financial Corporation (NASDAQ:HFWA) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | seekingalpha.comHeritage Financial Corporation (HFWA) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comHERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2022 RESULTS AND DECLARES REGULAR CASH DIVIDENDJanuary 25, 2023 | benzinga.comHeritage Financial's Earnings OutlookFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 10, 2023 | msn.comHeritage Financial unit expands into Boise, IdahoJanuary 10, 2023 | finance.yahoo.comHeritage Bank Expands into the Boise, Idaho, MarketJanuary 5, 2023 | finance.yahoo.comHeritage Bank Appoints New Executive Vice Presidents and Announces the Retirement of Cindy Hirman, Executive Vice President, Chief Banking OfficerJanuary 5, 2023 | ft.comHeritage rules block energy efficiency and renewables for historic UK homesJanuary 5, 2023 | seekingalpha.comHeritage Financial Corporation: Topline Growth To Drive Earnings RecoveryDecember 29, 2022 | finance.yahoo.comHeritage Bank adds LA Clippers executive to its boardDecember 27, 2022 | finance.yahoo.comInvesting in Heritage Financial (NASDAQ:HFWA) a year ago would have delivered you a 31% gainDecember 23, 2022 | wsj.comHeritage-Crystal Clean, Inc. to Present at the 25(th) Annual Needham Growth ConferenceDecember 21, 2022 | finance.yahoo.comHeritage Financial Corporation Appoints Eric K. Chan to its Board of DirectorsDecember 15, 2022 | msn.comFinancial grant will help to construct new hotel in CullmanDecember 13, 2022 | msn.comWhy M&T Bank, Palomar Holdings And Other Oversold Majors In The Financial Sector Look PromisingDecember 2, 2022 | msn.comValley residents express concerns over Heritage Credit Union merger plansNovember 12, 2022 | finance.yahoo.comHeritage Financial Third Quarter 2022 Earnings: Beats ExpectationsOctober 28, 2022 | finance.yahoo.comHeritage Financial Corporation (NASDAQ:HFWA) Looks Like A Good Stock, And It's Going Ex-Dividend SoonOctober 21, 2022 | markets.businessinsider.comAnalyst Ratings for Heritage-Crystal CleanOctober 21, 2022 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Heritage-Crystal CleanOctober 20, 2022 | seekingalpha.comHeritage Financial Corporation (HFWA) Q3 2022 Earnings Call TranscriptOctober 20, 2022 | msn.comHeritage Financial: Q3 Earnings InsightsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HFWA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Heritage Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address HFWA Company Calendar Last Earnings10/20/2021Ex-Dividend for 11/16 Dividend11/01/2022Dividend Payable11/16/2022Today2/07/2023Ex-Dividend for 2/22 Dividend2/07/2023Dividend Payable2/22/2023Next Earnings (Estimated)4/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Savings institutions, except federal Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HFWA CUSIP42722X10 CIK1046025 Webwww.hf-wa.com Phone(360) 943-1500Fax360-352-0864Employees751Year Founded1927Price Target and Rating Average Stock Price Forecast$36.50 High Stock Price Forecast$38.00 Low Stock Price Forecast$35.00 Forecasted Upside/Downside+24.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$2.31 Trailing P/E Ratio12.65 Forward P/E Ratio11.29 P/E GrowthN/ANet Income$81.88 million Net Margins31.85% Pretax Margin38.68% Return on Equity10.23% Return on Assets1.13% Debt Debt-to-Equity Ratio0.03 Current Ratio0.67 Quick Ratio0.68 Sales & Book Value Annual Sales$257.05 million Price / Sales3.99 Cash Flow$2.36 per share Price / Cash Flow12.40 Book Value$22.73 per share Price / Book1.29Miscellaneous Outstanding Shares35,100,000Free Float34,472,000Market Cap$1.03 billion OptionableOptionable Beta0.60 Social Links Key ExecutivesJeffrey J. DeuelPresident, Chief Executive Officer & DirectorBryan D. McDonaldChief Operating Officer & Executive Vice PresidentDonald J. HinsonChief Financial Officer & Executive Vice PresidentCindy M. HuntleyChief Banking Officer & Executive Vice PresidentAnthony W. ChalfantChief Credit Officer & Executive Vice PresidentKey CompetitorsBerkshire Hills BancorpNYSE:BHLBSouthern Missouri BancorpNASDAQ:SMBCGreene County BancorpNASDAQ:GCBCBlue Foundry BancorpNASDAQ:BLFYHome BancorpNASDAQ:HBCPView All CompetitorsInsiders & InstitutionsRobeco Institutional Asset Management B.V.Bought 53,769 shares on 2/7/2023Ownership: 0.325%TD Asset Management IncBought 14,500 shares on 2/7/2023Ownership: 0.256%Kiley Juergens Wealth Management LLCSold 4,942 shares on 2/6/2023Ownership: 0.568%Martin & Co. Inc. TNBought 1,897 shares on 2/6/2023Ownership: 0.259%Emerald Mutual Fund Advisers TrustBought 32,190 shares on 2/3/2023Ownership: 0.092%View All Insider TransactionsView All Institutional Transactions HFWA Stock - Frequently Asked Questions Should I buy or sell Heritage Financial stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research 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 twelve-month price targets for Heritage Financial's shares. Their HFWA share price forecasts range from $35.00 to $38.00. On average, they expect the company's share price to reach $36.50 in the next year. This suggests a possible upside of 25.2% 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 on January 1st, 2023. Since then, HFWA shares have decreased by 4.8% and is now trading at $29.16. View the best growth stocks for 2023 here. Are investors shorting Heritage Financial? Heritage Financial saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 870,100 shares, a drop of 17.9% from the December 31st total of 1,060,000 shares. Based on an average daily trading volume, of 223,800 shares, the days-to-cover 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 Thursday, April 20th 2023. View our HFWA earnings forecast. How were Heritage Financial's earnings last quarter? Heritage Financial Co. (NASDAQ:HFWA) posted its earnings results on Wednesday, October, 20th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The financial services provider had revenue of $59.61 million for the quarter, compared to analyst estimates of $60.53 million. Heritage Financial had a net margin of 31.85% and a trailing twelve-month return on equity of 10.23%. During the same period last year, the company earned $0.46 EPS. How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial? Heritage Financial declared a quarterly dividend on Wednesday, January 25th. Investors of record on Wednesday, February 8th will be paid a dividend of $0.22 per share on Wednesday, February 22nd. This represents a $0.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, February 7th. This is an increase from the stock's previous quarterly dividend of $0.21. 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 2.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 32.68% 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 investors include Allspring Global Investments Holdings LLC (0.80%), Kiley Juergens Wealth Management LLC (0.57%), Assenagon Asset Management S.A. (0.48%), Robeco Institutional Asset Management B.V. (0.32%), Martin & Co. Inc. TN (0.26%) and TD Asset Management Inc (0.26%). 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 $29.16. How much money does Heritage Financial make? Heritage Financial (NASDAQ:HFWA) has a market capitalization of $1.02 billion and generates $257.05 million in revenue each year. The financial services provider earns $81.88 million in net income (profit) each year or $2.31 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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