About Heritage Financial Corporation (NASDAQ:HFWA)
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank's lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans. The Bank's investment securities available for sale include the United States treasury and the United States Government-sponsored agencies; municipal securities; mortgage-backed securities and collateralized mortgage obligations, which include residential and commercial; collateralized loan obligations; corporate obligations, and other securities. The Bank's primary sources of funds are deposits and loan repayments. Borrowings are used on a short-term basis to compensate for reductions in other sources of funds, such as deposit inflows.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:HFWA
- CUSIP: 42722X10
- Web: www.hf-wa.com
- Market Cap: $908.29 million
- Outstanding Shares: 29,780,000
- 50 Day Moving Avg: $28.49
- 200 Day Moving Avg: $26.39
- 52 Week Range: $17.75 - $30.70
Sales & Book Value:
- Trailing P/E Ratio: 21.79
- Foreward P/E Ratio: 19.68
- P/E Growth: 2.13
- Annual Revenue: $165.38 million
- Price / Sales: 5.49
- Book Value: $16.79 per share
- Price / Book: 1.82
- Annual Dividend: $0.52
- Dividend Yield: 1.7%
- Net Margins: 23.81%
- Return on Equity: 8.56%
- Return on Assets: 1.08%
- Debt-to-Equity Ratio: 0.26%
- Current Ratio: 0.85%
- Quick Ratio: 0.85%
- Average Volume: 158,232 shs.
- Beta: 0.5
- Short Ratio: 1.83
Frequently Asked Questions for Heritage Financial Corporation (NASDAQ:HFWA)
What is Heritage Financial Corporation's stock symbol?
Heritage Financial Corporation trades on the NASDAQ under the ticker symbol "HFWA."
How often does Heritage Financial Corporation pay dividends? What is the dividend yield for Heritage Financial Corporation?
Heritage Financial Corporation declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.13 per share on Thursday, August 24th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, August 8th. View Heritage Financial Corporation's Dividend History.
How were Heritage Financial Corporation's earnings last quarter?
Heritage Financial Corporation (NASDAQ:HFWA) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $44.84 million for the quarter, compared to analysts' expectations of $41.59 million. Heritage Financial Corporation had a net margin of 23.81% and a return on equity of 8.56%. View Heritage Financial Corporation's Earnings History.
When will Heritage Financial Corporation make its next earnings announcement?
Where is Heritage Financial Corporation's stock going? Where will Heritage Financial Corporation's stock price be in 2017?
2 brokerages have issued 1-year target prices for Heritage Financial Corporation's stock. Their predictions range from $27.00 to $29.00. On average, they anticipate Heritage Financial Corporation's share price to reach $28.00 in the next twelve months. View Analyst Ratings for Heritage Financial Corporation.
Who are some of Heritage Financial Corporation's key competitors?
Some companies that are related to Heritage Financial Corporation include Independent Bank Group (IBTX), Pacific Premier Bancorp (PPBI), Heartland Financial USA (HTLF), S&T Bancorp (STBA), 1st Source Corporation (SRCE), Enterprise Financial Services Corporation (EFSC), Washington Trust Bancorp (WASH), CPB (CPF), Lakeland Bancorp (LBAI), TriCo Bancshares (TCBK), Opus Bank (OPB), OceanFirst Financial Corp. (OCFC), Stock Yards Bancorp (SYBT), German American Bancorp (GABC), Green Bancorp (GNBC), Univest Corporation of Pennsylvania (UVSP), Dime Community Bancshares (DCOM) and Stonegate Bank (SGBK).
Who are Heritage Financial Corporation's key executives?
Heritage Financial Corporation's management team includes the folowing people:
- Brian S. Charneski, Independent Chairman of the Board
- Brian L. Vance, President, Chief Executive Officer, Director
- Donald J. Hinson, Chief Financial Officer, Executive Vice President
- Bryan D. McDonald, Executive Vice President and Chief Lending Officer of Heritage Bank
- Jeffrey J. Deuel, Executive Vice President and President and Chief Operating Officer of Heritage Bank
- David A. Spurling, Executive Vice President and Chief Credit Officer
- John A. Clees, Independent Director
- Kimberly T. Ellwanger, Independent Director
- Deborah J. Gavin, Independent Director
- Jeffrey S. Lyon, Independent Director
Who owns Heritage Financial Corporation stock?
Heritage Financial Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mutual of America Capital Management LLC (0.48%). Company insiders that own Heritage Financial Corporation stock include Brian L Vance, Bryan Mcdonald, Cindy M Huntley, David A Spurling, Donald Hinson, Gary B Christensen, Jeffrey J Deuel, John A Clees, Lisa Banner, Mark D Crawford and Rhoda L Altom. View Institutional Ownership Trends for Heritage Financial Corporation.
Who bought Heritage Financial Corporation stock? Who is buying Heritage Financial Corporation stock?
Heritage Financial Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have bought Heritage Financial Corporation stock in the last two years include Gary B Christensen and Rhoda L Altom. View Insider Buying and Selling for Heritage Financial Corporation.
How do I buy Heritage Financial Corporation stock?
Shares of Heritage Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Heritage Financial Corporation's stock price today?
MarketBeat Community Rating for Heritage Financial Corporation (NASDAQ HFWA)MarketBeat's community ratings are surveys of what our community members think about Heritage Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Heritage Financial Corporation stock can currently be purchased for approximately $30.50.
Consensus Ratings for Heritage Financial Corporation (NASDAQ:HFWA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$28.00 (8.20% downside)|Consensus Price Target History for Heritage Financial Corporation (NASDAQ:HFWA)
Analysts' Ratings History for Heritage Financial Corporation (NASDAQ:HFWA)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/14/2017||Piper Jaffray Companies||Set Price Target||Hold||$29.00||Low|
|6/2/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$27.00||Low|
Earnings History for Heritage Financial Corporation (NASDAQ:HFWA)Earnings History by Quarter for Heritage Financial Corporation (NASDAQ HFWA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.32||$0.39||$41.59 million||$44.84 million||View||N/A|
|4/26/2017||Q1 2017||$0.32||$0.31||$40.79 million||$40.50 million||View||N/A|
|1/26/2017||Q416||$0.33||$0.33||$41.44 million||$41.24 million||View||N/A|
|10/27/2016||Q316||$0.32||$0.37||$40.42 million||$43.47 million||View||Listen|
|7/21/2016||Q216||$0.31||$0.30||$40.11 million||$39.66 million||View||N/A|
|4/21/2016||Q116||$0.29||$0.30||$39.92 million||$39.75 million||View||N/A|
|1/28/2016||Q415||$0.29||$0.32||$39.48 million||$40.03 million||View||Listen|
|10/22/2015||Q315||$0.30||$0.32||$39.28 million||$41.48 million||View||Listen|
|7/23/2015||Q215||$0.30||$0.29||$39.11 million||$39.35 million||View||Listen|
|4/23/2015||Q115||$0.31||$0.32||$40.67 million||$41.02 million||View||N/A|
|1/29/2015||Q414||$0.23||$0.24||$38.55 million||$40.68 million||View||N/A|
|10/23/2014||Q314||$0.23||$0.23||$39.69 million||$38.79 million||View||N/A|
|7/24/2014||Q214||$0.22||$0.16||$31.21 million||$33.38 million||View||N/A|
|4/29/2014||Q1 2014||$0.20||$0.16||$20.12 million||$19.05 million||View||N/A|
|7/23/2013||Q2 2013||$0.21||$0.18||$18.60 million||View||N/A|
|1/30/2013||Q4 2012||$0.20||$0.20||$17.73 million||View||N/A|
Earnings Estimates for Heritage Financial Corporation (NASDAQ:HFWA)
2017 EPS Consensus Estimate: $1.36
2018 EPS Consensus Estimate: $1.60
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Heritage Financial Corporation (NASDAQ:HFWA)
|Most Recent Dividend:||8/24/2017|
|Payout Ratio:||37.14% (Trailing 12 Months of Earnings) |
36.62% (Based on This Year's Estimates)
33.55% (Based on Next Year's Estimates)
Dividend History by Quarter for Heritage Financial Corporation (NASDAQ HFWA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Heritage Financial Corporation (NASDAQ:HFWA)
Insider Ownership Percentage: 2.70%Insider Trades by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)
Institutional Ownership Percentage: 75.92%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/18/2017||Lisa Banner||Director||Sell||527||$26.19||$13,802.13|| |
|7/31/2017||John A Clees||Director||Sell||2,000||$27.28||$54,560.00|| |
|5/2/2017||Brian L Vance||Director||Sell||8,562||$25.80||$220,899.60|| |
|4/28/2017||John A Clees||Director||Sell||2,000||$26.95||$53,900.00|| |
|3/17/2017||Mark D Crawford||Director||Sell||2,500||$24.55||$61,375.00|| |
|2/17/2017||David A Spurling||Insider||Sell||2,000||$25.32||$50,640.00|| |
|2/10/2017||John A Clees||Director||Sell||2,500||$25.00||$62,500.00|| |
|1/30/2017||John A Clees||Director||Sell||2,500||$25.44||$63,600.00|| |
|12/12/2016||Donald Hinson||CFO||Sell||439||$24.91||$10,935.49|| |
|12/6/2016||John A Clees||Director||Sell||2,000||$24.26||$48,520.00|| |
|11/17/2016||John A Clees||Director||Sell||2,000||$21.93||$43,860.00|| |
|11/14/2016||Bryan Mcdonald||EVP||Sell||1,262||$21.09||$26,615.58|| |
|11/1/2016||Gary B Christensen||Director||Buy||1,000||$18.41||$18,410.00|| |
|9/9/2016||Bryan Mcdonald||EVP||Sell||5,286||$18.41||$97,315.26|| |
|9/2/2016||David A Spurling||Insider||Sell||1,000||$18.47||$18,470.00|| |
|8/19/2016||John A Clees||Director||Sell||3,000||$18.09||$54,270.00|| |
|6/14/2016||Rhoda L Altom||Director||Buy||175||$17.41||$3,046.75|| |
|5/31/2016||Jeffrey J Deuel||EVP||Sell||13,334||$18.25||$243,345.50|| |
|5/4/2016||Rhoda L Altom||Director||Buy||750||$17.68||$13,260.00|| |
|4/27/2016||Gary B Christensen||Director||Buy||1,000||$18.32||$18,320.00|| |
|4/25/2016||David A Spurling||Insider||Sell||1,996||$17.83||$35,588.68|| |
|2/16/2016||Cindy M. Huntley||Director||Sell||2,167||$17.33||$37,554.11|| |
|2/8/2016||Gary B Christensen||Director||Buy||1,000||$17.38||$17,380.00|| |
|2/1/2016||Gary B Christensen||Director||Buy||1,000||$17.98||$17,980.00|| |
|12/10/2015||Bryan Mcdonald||EVP||Sell||5,090||$18.50||$94,165.00|| |
|12/7/2015||Bryan Mcdonald||EVP||Sell||210||$19.00||$3,990.00|| |
|11/5/2015||Donald Hinson||CFO||Sell||1,000||$19.20||$19,200.00|| |
|9/11/2015||John A Clees||Director||Sell||1,000||$18.20||$18,200.00|| |
|9/8/2015||John A Clees||Director||Sell||1,000||$18.00||$18,000.00|| |
|8/18/2015||John A Clees||Director||Sell||1,000||$18.25||$18,250.00|| |
|8/14/2015||Jeffrey J Deuel||EVP||Sell||6,666||$18.25||$121,654.50|| |
|2/3/2015||John A Clees||Director||Sell||4,000||$15.97||$63,880.00|| |
|10/27/2014||Mark D Crawford||Director||Buy||1,000||$16.28||$16,280.00|| |
|8/25/2014||John A Clees||Director||Sell||1,500||$16.56||$24,840.00|| |
|8/7/2014||Brian Charneski||Director||Buy||2,000||$15.97||$31,940.00|| |
|6/5/2014||John A Clees||Director||Sell||1,528||$16.00||$24,448.00|| |
|5/28/2014||Mark D Crawford||Director||Buy||1,500||$15.76||$23,640.00|| |
|5/12/2014||Ann Watson||Director||Buy||2,000||$16.19||$32,380.00|| |
|5/5/2014||John Clees||Director||Sell||1,294||$15.88||$20,548.72|| |
|8/9/2013||John Clees||Director||Sell||3,000||$15.75||$47,250.00|| |
|3/15/2013||Ann Watson||Director||Buy||2,000||$14.55||$29,100.00|| |
Headline Trends for Heritage Financial Corporation (NASDAQ:HFWA)
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Heritage Financial Corporation (HFWA) Chart for Sunday, October, 22, 2017