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About Heritage Financial (NASDAQ:HFWA)
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, 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, business lines of credit, term equipment financing, and term real estate loans, as well as commercial loans focuses on real estate related industries and businesses in agricultural, healthcare, legal, and other professions. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services through trust powers, as well as objective advice. As of December 31, 2017, the company had a network of 59 branches 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 1994 and is headquartered in Olympia, Washington.
Industry, Sector and Symbol
Industry Savings institutions, except federal
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:HFWA
CUSIP42722X10
Phone360-943-1500
Debt
Debt-to-Equity Ratio0.08
Current Ratio0.85
Quick Ratio0.85
Price-To-Earnings
Trailing P/E Ratio21.93
Forward P/E Ratio17.64
P/E Growth1.73
Sales & Book Value
Annual Sales$183.29 million
Price / Sales6.02
Cash Flow$1.8877 per share
Price / Cash17.19
Book Value$16.99 per share
Price / Book1.91
Profitability
EPS (Most Recent Fiscal Year)$1.48
Net Income$41.79 million
Net Margins20.10%
Return on Equity9.09%
Return on Assets1.16%
Miscellaneous
Employees735
Outstanding Shares34,020,000
Heritage Financial (NASDAQ:HFWA) Frequently Asked Questions
What is Heritage Financial's stock symbol?
Heritage Financial trades on the NASDAQ under the ticker symbol "HFWA."
How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial?
Heritage Financial declared a quarterly dividend on Wednesday, April 25th. Investors of record on Thursday, May 10th will be given a dividend of $0.15 per share on Thursday, May 24th. This represents a $0.60 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, May 9th. View Heritage Financial's Dividend History.
How were Heritage Financial's earnings last quarter?
Heritage Financial Co. (NASDAQ:HFWA) announced its quarterly earnings data on Thursday, April, 26th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.15. The financial services provider earned $48.39 million during the quarter, compared to analyst estimates of $47.66 million. Heritage Financial had a return on equity of 9.09% and a net margin of 20.10%. View Heritage Financial's Earnings History.
When is Heritage Financial's next earnings date?
What price target have analysts set for HFWA?
5 equities research analysts have issued 1-year price objectives for Heritage Financial's stock. Their predictions range from $33.00 to $36.00. On average, they anticipate Heritage Financial's share price to reach $35.00 in the next year. View Analyst Ratings for Heritage Financial.
Who are some of Heritage Financial's key competitors?
Some companies that are related to Heritage Financial include Berkshire Hills Bancorp (BHLB), Beneficial Bancorp (BNCL), United Financial Bancorp (UBNK), United Community Financial (UCFC), Home Bancorp (HBCP), First Connecticut Bancorp (FBNK), PCSB Bank (PCSB), Southern Missouri Bancorp (SMBC), Greene County Bancorp (GCBC), Timberland Bancorp (TSBK), FS Bancorp (FSBW), Entegra Financial (ENFC), First Northwest BanCorp (FNWB), ESSA Bancorp (ESSA) and Prudential Bancorp, Inc. of Pennsylvania (PBIP).
Who are Heritage Financial's key executives?
Heritage Financial's management team includes the folowing people:
- Mr. Brian L. Vance, Pres, CEO & Director (Age 64)
- Mr. Donald J. Hinson CPA, Exec. VP, CFO & Principal Accounting Officer (Age 57)
- Mr. Jeffrey J. Deuel, Exec. VP (Age 59)
- Mr. David A. Spurling, Exec. VP & Chief Credit Officer (Age 65)
- Mr. Bryan D. McDonald, Exec. VP & Chief Lending Officer (Age 46)
Has Heritage Financial been receiving favorable news coverage?
News coverage about HFWA stock has trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Heritage Financial earned a news impact score of 0.13 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 46.69 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Heritage Financial's major shareholders?
Heritage Financial's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.15%), Dimensional Fund Advisors LP (5.21%), Cardinal Capital Management LLC CT (2.43%), The Manufacturers Life Insurance Company (2.32%), Schroder Investment Management Group (1.79%) and Millennium Management LLC (1.39%). Company insiders that own Heritage Financial stock include Anthony Pickering, Brian Charneski, Brian L Vance, Bryan Mcdonald, 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.
Which institutional investors are selling Heritage Financial stock?
HFWA stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, Penn Capital Management Co. Inc., BlackRock Inc., Schroder Investment Management Group, Thomson Horstmann & Bryant Inc. and New York State Common Retirement Fund. Company insiders that have sold Heritage Financial company stock in the last year include Anthony Pickering, Brian Charneski, Brian L Vance, David A Spurling, Donald Hinson, John A Clees and Lisa Banner. View Insider Buying and Selling for Heritage Financial.
Which institutional investors are buying Heritage Financial stock?
HFWA stock was purchased by a variety of institutional investors in the last quarter, including Cardinal Capital Management LLC CT, Eagle Asset Management Inc., Millennium Management LLC, Matarin Capital Management LLC, Elizabeth Park Capital Advisors Ltd., Banc Funds Co. LLC, The Manufacturers Life Insurance Company and GSA Capital Partners LLP. Company insiders that have bought Heritage Financial stock in the last two years include Gary B Christensen and Rhoda L Altom. View Insider Buying and Selling for Heritage Financial.
How do I buy shares of Heritage Financial?
Shares of HFWA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Heritage Financial's stock price today?
One share of HFWA stock can currently be purchased for approximately $32.45.
How big of a company is Heritage Financial?
Heritage Financial has a market capitalization of $1.08 billion and generates $183.29 million in revenue each year. The financial services provider earns $41.79 million in net income (profit) each year or $1.48 on an earnings per share basis. Heritage Financial employs 735 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 financial services provider can be reached via phone at 360-943-1500 or via email at [email protected]
MarketBeat Community Rating for Heritage Financial (HFWA)
MarketBeat's community ratings are surveys of what our community members think about Heritage Financial and other stocks. Vote "Outperform" if you believe HFWA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HFWA will underperform the S&P 500 over the long term. You may vote once every thirty days.
Heritage Financial (NASDAQ:HFWA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Heritage Financial in the last 12 months. Their average twelve-month price target is $35.00, suggesting that the stock has a possible upside of 7.86%. The high price target for HFWA is $36.00 and the low price target for HFWA is $33.00. There are currently 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 3.00 | 2.80 | 2.60 | 2.33 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $35.00 | $34.50 | $34.50 | $30.6667 |
| Price Target Upside: | 7.86% upside | 10.58% upside | 9.18% upside | 0.43% downside |
Heritage Financial (NASDAQ:HFWA) Consensus Price Target History
Heritage Financial (NASDAQ:HFWA) Analyst Ratings History
Show:
(Data available from 5/22/2016 forward)
Heritage Financial (NASDAQ:HFWA) Dividend Information
Heritage Financial pays an annual dividend of $0.60 per share, with a dividend yield of 1.85%. HFWA's next quarterly dividend payment will be made on Thursday, May 24. Heritage Financial pays out 40.54% of its earnings out as a dividend.
| Next Dividend: | 5/24/2018 |
| Annual Dividend: | $0.60 |
| Dividend Yield: | 1.85% |
| Payout Ratio(s): | 40.54% (Trailing 12 Months of Earnings)
32.61% (Based on This Year's Estimates)
28.44% (Based on Next Year's Estimates)
31.78% (Based on Cash Flow)
|
Heritage Financial (NASDAQ:HFWA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/25/2018 | Quarterly | $0.15 | 1.93% | 5/9/2018 | 5/10/2018 | 5/24/2018 |
| 1/25/2018 | Quarterly | $0.15 | 1.96% | 2/6/2018 | 2/7/2018 | 2/21/2018 |
| 10/30/2017 | quarterly | $0.13 | 1.7% | 11/7/2017 | 11/8/2017 | 11/22/2017 |
| 7/26/2017 | quarterly | $0.13 | 1.91% | 8/8/2017 | 8/10/2017 | 8/24/2017 |
| 4/26/2017 | quarterly | $0.13 | 1.95% | 5/8/2017 | 5/10/2017 | 5/24/2017 |
| 1/26/2017 | quarterly | $0.25 | 3.8% | 2/7/2017 | 2/9/2017 | 2/23/2017 |
| 10/27/2016 | quarterly | $0.12 | 2.67% | 11/4/2016 | 11/8/2016 | 11/22/2016 |
| 7/21/2016 | quarterly | $0.12 | 2.78% | 8/2/2016 | 8/4/2016 | 8/18/2016 |
| 4/21/2016 | quarterly | $0.12 | 2.73% | 5/3/2016 | 5/5/2016 | 5/19/2016 |
| 1/28/2016 | quarterly | $0.11 | 2.46% | 2/8/2016 | 2/10/2016 | 2/24/2016 |
| 10/22/2015 | quarterly | $0.11 | 2.31% | 11/2/2015 | 11/4/2015 | 11/18/2015 |
| 7/22/2015 | | $0.11 | | 8/4/2015 | 8/6/2015 | 8/20/2015 |
| 4/23/2015 | quarterly | $0.11 | 2.56% | 5/5/2015 | 5/7/2015 | 5/21/2015 |
| 1/30/2015 | quarterly | $0.10 | 2.58% | 2/6/2015 | 2/10/2015 | 2/24/2015 |
| 11/21/2014 | special | $0.16 | 2.09% | 11/28/2014 | 12/2/2014 | 12/12/2014 |
| 10/27/2014 | quarterly | $0.09 | 2.19% | 11/4/2014 | 11/6/2014 | 11/20/2014 |
| 7/24/2014 | quarterly | $0.09 | 2.24% | 8/5/2014 | 8/7/2014 | 8/21/2014 |
| 3/27/2014 | quarterly | $0.08 | 1.89% | 4/4/2014 | 4/8/2014 | 4/23/2014 |
| 1/31/2014 | quarterly | $0.08 | 1.88% | 2/6/2014 | 2/10/2014 | 2/24/2014 |
| 1/29/2014 | | $0.08 | | 2/6/2014 | 2/10/2014 | 2/24/2014 |
| 10/23/2013 | quarterly | $0.08 | 1.97% | 11/1/2013 | 11/5/2013 | 11/15/2013 |
| 7/24/2013 | quarterly | $0.08 | 2.06% | 8/2/2013 | 8/6/2013 | 8/15/2013 |
| 7/23/2013 | special | $0.10 | 2.06% | 8/2/2013 | 8/6/2013 | 8/15/2013 |
| 4/24/2013 | quarterly | $0.08 | 2.33% | 5/8/2013 | 5/10/2013 | 5/24/2013 |
| 2/1/2013 | quarterly | $0.08 | 2.21% | 2/6/2013 | 2/8/2013 | 2/22/2013 |
(Data available from 1/1/2013 forward)
Heritage Financial (NASDAQ HFWA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 76.99%
Heritage Financial (NASDAQ HFWA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/30/2018 | David A Spurling | Insider | Sell | 1,500 | $29.85 | $44,775.00 | 27,255 |  |
| 12/6/2017 | Brian Charneski | Director | Sell | 2,000 | $31.78 | $63,560.00 | 29,602 | |
| 11/27/2017 | John A Clees | Director | Sell | 1,000 | $31.07 | $31,070.00 | 46,042 | |
| 11/14/2017 | John A Clees | Director | Sell | 1,000 | $30.01 | $30,010.00 | 47,042 | |
| 11/7/2017 | Brian L Vance | Director | Sell | 5,636 | $30.76 | $173,363.36 | 142,011 | |
| 11/7/2017 | Donald Hinson | CFO | Sell | 1,000 | $31.22 | $31,220.00 | 33,288 | |
| 10/30/2017 | Anthony Pickering | Director | Sell | 11,000 | $30.76 | $338,360.00 | 48,085 | |
| 8/18/2017 | Lisa Banner | Director | Sell | 527 | $26.19 | $13,802.13 | 2,335 | |
| 7/31/2017 | John A Clees | Director | Sell | 2,000 | $27.28 | $54,560.00 | 49,042 | |
| 5/2/2017 | Brian L Vance | Director | Sell | 8,562 | $25.80 | $220,899.60 | 160,280 | |
| 4/28/2017 | John A Clees | Director | Sell | 2,000 | $26.95 | $53,900.00 | 50,042 | |
| 3/17/2017 | Mark D Crawford | Director | Sell | 2,500 | $24.55 | $61,375.00 | 9,502 | |
| 2/17/2017 | David A Spurling | Insider | Sell | 2,000 | $25.32 | $50,640.00 | 31,553 | |
| 2/10/2017 | John A Clees | Director | Sell | 2,500 | $25.00 | $62,500.00 | 52,042 | |
| 1/30/2017 | John A Clees | Director | Sell | 2,500 | $25.44 | $63,600.00 | 54,542 | |
| 12/12/2016 | Donald Hinson | CFO | Sell | 439 | $24.91 | $10,935.49 | 36,363 | |
| 12/6/2016 | John A Clees | Director | Sell | 2,000 | $24.26 | $48,520.00 | 57,042 | |
| 11/17/2016 | John A Clees | Director | Sell | 2,000 | $21.93 | $43,860.00 | 59,042 | |
| 11/14/2016 | Bryan Mcdonald | EVP | Sell | 1,262 | $21.09 | $26,615.58 | 20,662 | |
| 11/1/2016 | Gary B Christensen | Director | Buy | 1,000 | $18.41 | $18,410.00 | 42,099 | |
| 9/9/2016 | Bryan Mcdonald | EVP | Sell | 5,286 | $18.41 | $97,315.26 | 21,158 | |
| 9/2/2016 | David A Spurling | Insider | Sell | 1,000 | $18.47 | $18,470.00 | 33,553 | |
| 8/19/2016 | John A Clees | Director | Sell | 3,000 | $18.09 | $54,270.00 | 61,042 | |
| 6/14/2016 | Rhoda L Altom | Director | Buy | 175 | $17.41 | $3,046.75 | 5,919 | |
| 5/31/2016 | Jeffrey J Deuel | EVP | Sell | 13,334 | $18.25 | $243,345.50 | 51,389 | |
| 5/4/2016 | Rhoda L Altom | Director | Buy | 750 | $17.68 | $13,260.00 | 5,744 | |
| 4/27/2016 | Gary B Christensen | Director | Buy | 1,000 | $18.32 | $18,320.00 | 39,678 | |
| 4/25/2016 | David A Spurling | Insider | Sell | 1,996 | $17.83 | $35,588.68 | 35,390 | |
| 2/16/2016 | Cindy M. Huntley | Director | Sell | 2,167 | $17.33 | $37,554.11 | 16,409 | |
| 2/8/2016 | Gary B Christensen | Director | Buy | 1,000 | $17.38 | $17,380.00 | 39,678 | |
| 2/1/2016 | Gary B Christensen | Director | Buy | 1,000 | $17.98 | $17,980.00 | 38,678 | |
| 12/10/2015 | Bryan Mcdonald | EVP | Sell | 5,090 | $18.50 | $94,165.00 | 21,413 | |
| 12/7/2015 | Bryan Mcdonald | EVP | Sell | 210 | $19.00 | $3,990.00 | 26,710 | |
| 11/5/2015 | Donald Hinson | CFO | Sell | 1,000 | $19.20 | $19,200.00 | 35,716 | |
| 9/11/2015 | John A Clees | Director | Sell | 1,000 | $18.20 | $18,200.00 | 62,621 | |
| 9/8/2015 | John A Clees | Director | Sell | 1,000 | $18.00 | $18,000.00 | 63,621 | |
| 8/18/2015 | John A Clees | Director | Sell | 1,000 | $18.25 | $18,250.00 | 64,621 | |
| 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 | 5,228 | |
| 5/5/2014 | John Clees | Director | Sell | 1,294 | $15.88 | $20,548.72 | 70,784 | |
| 8/9/2013 | John Clees | Director | Sell | 3,000 | $15.75 | $47,250.00 | 72,078 | |
| 3/15/2013 | Ann Watson | Director | Buy | 2,000 | $14.55 | $29,100.00 | | |
(Data available from 1/1/2013 forward)
Heritage Financial (NASDAQ HFWA) News Headlines
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Heritage Financial (NASDAQ:HFWA) SEC Filings
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Heritage Financial (NASDAQ:HFWA) Income Statement, Balance Sheet and Cash Flow Statement
Heritage Financial (NASDAQ HFWA) Stock Chart for Tuesday, May, 22, 2018
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