Heritage Financial Corporation Company Profile (NASDAQ:HFWA)

About Heritage Financial Corporation (NASDAQ:HFWA)

Heritage Financial Corporation logoHeritage 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
Capitalization:
  • Market Cap: $908.29 million
  • Outstanding Shares: 29,780,000
Average Prices:
  • 50 Day Moving Avg: $28.49
  • 200 Day Moving Avg: $26.39
  • 52 Week Range: $17.75 - $30.70
P/E:
  • Trailing P/E Ratio: 21.79
  • Foreward P/E Ratio: 19.68
  • P/E Growth: 2.13
Sales & Book Value:
  • Annual Revenue: $165.38 million
  • Price / Sales: 5.49
  • Book Value: $16.79 per share
  • Price / Book: 1.82
Dividend:
  • Annual Dividend: $0.52
  • Dividend Yield: 1.7%
Profitability:
  • Net Margins: 23.81%
  • Return on Equity: 8.56%
  • Return on Assets: 1.08%
Debt:
  • Debt-to-Equity Ratio: 0.26%
  • Current Ratio: 0.85%
  • Quick Ratio: 0.85%
Misc:
  • 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?

Heritage Financial Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Heritage Financial Corporation.

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?

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?

One share of Heritage Financial Corporation stock can currently be purchased for approximately $30.50.


MarketBeat Community Rating for Heritage Financial Corporation (NASDAQ HFWA)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  91 (Vote Outperform)
Underperform Votes:  130 (Vote Underperform)
Total Votes:  221
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.

Analyst Ratings

Consensus Ratings for Heritage Financial Corporation (NASDAQ:HFWA) (How are Consensus Ratings Calculated?)
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)
Price Target History for Heritage Financial Corporation (NASDAQ:HFWA)
Analysts' Ratings History for Heritage Financial Corporation (NASDAQ:HFWA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/14/2017Piper Jaffray CompaniesSet Price TargetHold$29.00LowView Rating Details
6/2/2017Keefe, Bruyette & WoodsReiterated RatingHold$27.00LowView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Heritage Financial Corporation (NASDAQ:HFWA)
Earnings by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)
Earnings History by Quarter for Heritage Financial Corporation (NASDAQ HFWA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.35N/AView Earnings Details
7/26/2017Q2 2017$0.32$0.39$41.59 million$44.84 millionViewN/AView Earnings Details
4/26/2017Q1 2017$0.32$0.31$40.79 million$40.50 millionViewN/AView Earnings Details
1/26/2017Q416$0.33$0.33$41.44 million$41.24 millionViewN/AView Earnings Details
10/27/2016Q316$0.32$0.37$40.42 million$43.47 millionViewListenView Earnings Details
7/21/2016Q216$0.31$0.30$40.11 million$39.66 millionViewN/AView Earnings Details
4/21/2016Q116$0.29$0.30$39.92 million$39.75 millionViewN/AView Earnings Details
1/28/2016Q415$0.29$0.32$39.48 million$40.03 millionViewListenView Earnings Details
10/22/2015Q315$0.30$0.32$39.28 million$41.48 millionViewListenView Earnings Details
7/23/2015Q215$0.30$0.29$39.11 million$39.35 millionViewListenView Earnings Details
4/23/2015Q115$0.31$0.32$40.67 million$41.02 millionViewN/AView Earnings Details
1/29/2015Q414$0.23$0.24$38.55 million$40.68 millionViewN/AView Earnings Details
10/23/2014Q314$0.23$0.23$39.69 million$38.79 millionViewN/AView Earnings Details
7/24/2014Q214$0.22$0.16$31.21 million$33.38 millionViewN/AView Earnings Details
4/29/2014Q1 2014$0.20$0.16$20.12 million$19.05 millionViewN/AView Earnings Details
1/29/2014Q413$0.21$0.19$20.06 millionViewN/AView Earnings Details
10/24/2013Q313$0.20$0.20$19.62 millionViewN/AView Earnings Details
7/23/2013Q2 2013$0.21$0.18$18.60 millionViewN/AView Earnings Details
1/30/2013Q4 2012$0.20$0.20$17.73 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Heritage Financial Corporation (NASDAQ:HFWA)
2017 EPS Consensus Estimate: $1.36
2018 EPS Consensus Estimate: $1.60
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.33$0.33$0.33
Q2 20172$0.32$0.34$0.33
Q3 20172$0.34$0.36$0.35
Q4 20172$0.34$0.36$0.35
Q1 20181$0.36$0.36$0.36
Q2 20181$0.38$0.38$0.38
Q3 20181$0.41$0.41$0.41
Q4 20181$0.45$0.45$0.45
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Heritage Financial Corporation (NASDAQ:HFWA)
Most Recent Dividend:8/24/2017
Annual Dividend:$0.52
Dividend Yield:1.70%
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 Payments by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)

Dividend History by Quarter for Heritage Financial Corporation (NASDAQ HFWA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017quarterly$0.131.91%8/8/20178/10/20178/24/2017
4/26/2017quarterly$0.131.95%5/8/20175/10/20175/24/2017
1/26/2017quarterly$0.253.8%2/7/20172/9/20172/23/2017
10/27/2016quarterly$0.122.67%11/4/201611/8/201611/22/2016
7/21/2016quarterly$0.122.78%8/2/20168/4/20168/18/2016
4/21/2016quarterly$0.122.73%5/3/20165/5/20165/19/2016
1/28/2016quarterly$0.112.46%2/8/20162/10/20162/24/2016
10/22/2015quarterly$0.112.31%11/2/201511/4/201511/18/2015
7/22/2015$0.118/4/20158/6/20158/20/2015
4/23/2015quarterly$0.112.56%5/5/20155/7/20155/21/2015
1/30/2015quarterly$0.102.58%2/6/20152/10/20152/24/2015
11/21/2014special$0.162.09%11/28/201412/2/201412/12/2014
10/27/2014quarterly$0.092.19%11/4/201411/6/201411/20/2014
7/24/2014quarterly$0.092.24%8/5/20148/7/20148/21/2014
3/27/2014quarterly$0.081.89%4/4/20144/8/20144/23/2014
1/31/2014quarterly$0.081.88%2/6/20142/10/20142/24/2014
1/29/2014$0.082/6/20142/10/20142/24/2014
10/23/2013quarterly$0.081.97%11/1/201311/5/201311/15/2013
7/24/2013quarterly$0.082.06%8/2/20138/6/20138/15/2013
7/23/2013special$0.102.06%8/2/20138/6/20138/15/2013
4/24/2013quarterly$0.082.33%5/8/20135/10/20135/24/2013
2/1/2013quarterly$0.082.21%2/6/20132/8/20132/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Heritage Financial Corporation (NASDAQ:HFWA)
Insider Ownership Percentage: 2.70%
Institutional Ownership Percentage: 75.92%
Insider Trades by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)
Institutional Ownership by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)
Insider Trades by Quarter for Heritage Financial Corporation (NASDAQ:HFWA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/18/2017Lisa BannerDirectorSell527$26.19$13,802.13View SEC Filing  
7/31/2017John A CleesDirectorSell2,000$27.28$54,560.00View SEC Filing  
5/2/2017Brian L VanceDirectorSell8,562$25.80$220,899.60View SEC Filing  
4/28/2017John A CleesDirectorSell2,000$26.95$53,900.00View SEC Filing  
3/17/2017Mark D CrawfordDirectorSell2,500$24.55$61,375.00View SEC Filing  
2/17/2017David A SpurlingInsiderSell2,000$25.32$50,640.00View SEC Filing  
2/10/2017John A CleesDirectorSell2,500$25.00$62,500.00View SEC Filing  
1/30/2017John A CleesDirectorSell2,500$25.44$63,600.00View SEC Filing  
12/12/2016Donald HinsonCFOSell439$24.91$10,935.49View SEC Filing  
12/6/2016John A CleesDirectorSell2,000$24.26$48,520.00View SEC Filing  
11/17/2016John A CleesDirectorSell2,000$21.93$43,860.00View SEC Filing  
11/14/2016Bryan McdonaldEVPSell1,262$21.09$26,615.58View SEC Filing  
11/1/2016Gary B ChristensenDirectorBuy1,000$18.41$18,410.00View SEC Filing  
9/9/2016Bryan McdonaldEVPSell5,286$18.41$97,315.26View SEC Filing  
9/2/2016David A SpurlingInsiderSell1,000$18.47$18,470.00View SEC Filing  
8/19/2016John A CleesDirectorSell3,000$18.09$54,270.00View SEC Filing  
6/14/2016Rhoda L AltomDirectorBuy175$17.41$3,046.75View SEC Filing  
5/31/2016Jeffrey J DeuelEVPSell13,334$18.25$243,345.50View SEC Filing  
5/4/2016Rhoda L AltomDirectorBuy750$17.68$13,260.00View SEC Filing  
4/27/2016Gary B ChristensenDirectorBuy1,000$18.32$18,320.00View SEC Filing  
4/25/2016David A SpurlingInsiderSell1,996$17.83$35,588.68View SEC Filing  
2/16/2016Cindy M. HuntleyDirectorSell2,167$17.33$37,554.11View SEC Filing  
2/8/2016Gary B ChristensenDirectorBuy1,000$17.38$17,380.00View SEC Filing  
2/1/2016Gary B ChristensenDirectorBuy1,000$17.98$17,980.00View SEC Filing  
12/10/2015Bryan McdonaldEVPSell5,090$18.50$94,165.00View SEC Filing  
12/7/2015Bryan McdonaldEVPSell210$19.00$3,990.00View SEC Filing  
11/5/2015Donald HinsonCFOSell1,000$19.20$19,200.00View SEC Filing  
9/11/2015John A CleesDirectorSell1,000$18.20$18,200.00View SEC Filing  
9/8/2015John A CleesDirectorSell1,000$18.00$18,000.00View SEC Filing  
8/18/2015John A CleesDirectorSell1,000$18.25$18,250.00View SEC Filing  
8/14/2015Jeffrey J DeuelEVPSell6,666$18.25$121,654.50View SEC Filing  
2/3/2015John A CleesDirectorSell4,000$15.97$63,880.00View SEC Filing  
10/27/2014Mark D CrawfordDirectorBuy1,000$16.28$16,280.00View SEC Filing  
8/25/2014John A CleesDirectorSell1,500$16.56$24,840.00View SEC Filing  
8/7/2014Brian CharneskiDirectorBuy2,000$15.97$31,940.00View SEC Filing  
6/5/2014John A CleesDirectorSell1,528$16.00$24,448.00View SEC Filing  
5/28/2014Mark D CrawfordDirectorBuy1,500$15.76$23,640.00View SEC Filing  
5/12/2014Ann WatsonDirectorBuy2,000$16.19$32,380.00View SEC Filing  
5/5/2014John CleesDirectorSell1,294$15.88$20,548.72View SEC Filing  
8/9/2013John CleesDirectorSell3,000$15.75$47,250.00View SEC Filing  
3/15/2013Ann WatsonDirectorBuy2,000$14.55$29,100.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Heritage Financial Corporation (NASDAQ:HFWA)
Latest Headlines for Heritage Financial Corporation (NASDAQ:HFWA)
Source:
Loading headlines, please wait.

Social

Chart

Heritage Financial Corporation (HFWA) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.