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. $28.26 +0.25 (+0.89%) (As of 01/27/2023 01:17 PM ET) Add Compare Share Share Today's Range$27.84▼$28.3450-Day Range$28.01▼$33.1152-Week Range$23.31▼$34.34Volume28,049 shsAverage Volume189,953 shsMarket Capitalization$992.04 millionP/E Ratio12.73Dividend Yield3.00%Price Target$36.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Heritage Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.8% Upside$36.50 Price TargetShort InterestHealthy2.52% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.72Based on 11 Articles This WeekInsider TradingSelling Shares$274,738 Sold Last QuarterProj. Earnings Growth15.58%From $2.31 to $2.67 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.3.20 out of 5 starsFinance Sector21st out of 900 stocksSavings Institutions, Except Federal Industry1st out of 17 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 28.8% from its current price of $28.34.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 3.00%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthHeritage Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Heritage Financial is 37.84%. 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 31.46% 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 2.1 News and Social Media Coverage News SentimentHeritage Financial has a news sentiment score of 0.72. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Heritage Financial this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Heritage Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $274,738.00 in 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Heritage Financial are expected to grow by 15.58% in the coming year, from $2.31 to $2.67 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Heritage Financial is 12.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Heritage Financial is 12.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 181.16.Price to Book Value per Share RatioHeritage Financial has a P/B Ratio of 1.17. 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 Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand deposits, 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, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices 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 1927 and is headquartered in Olympia, Washington.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 HeadlinesJanuary 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 27, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." January 25, 2023 | benzinga.comHeritage Financial's Earnings OutlookJanuary 20, 2023 | americanbankingnews.comHeritage Financial (NASDAQ:HFWA) Stock Price Down 1.9%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 27, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." January 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 InsightsOctober 19, 2022 | msn.comHeritage Financial's Earnings: A PreviewOctober 16, 2022 | msn.comCrystal Ball Dividend Hikes: Likely Payout Announcements in the...October 16, 2022 | investing.comCrystal Ball Dividend Hikes: Likely Payouts in the OffingSee 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 Payable11/16/2022Today1/27/2023Next Earnings (Estimated)4/19/2023Fiscal 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+29.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$2.22 Trailing P/E Ratio12.73 Forward P/E Ratio12.23 P/E GrowthN/ANet Income$98.04 million Net Margins32.28% Pretax Margin39.31% Return on Equity9.67% Return on Assets1.07% Debt Debt-to-Equity Ratio0.03 Current Ratio0.68 Quick Ratio0.68 Sales & Book Value Annual Sales$247.45 million Price / Sales4.01 Cash Flow$2.26 per share Price / Cash Flow12.48 Book Value$24.30 per share Price / Book1.16Miscellaneous Outstanding Shares35,104,000Free Float34,472,000Market Cap$992.04 million OptionableOptionable Beta0.63 Social Links Key ExecutivesMr. Brian L. Vance (Age 69)Chairman Comp: $1.03MMr. Jeffrey J. Deuel (Age 64)Pres, CEO & Director Comp: $1.08MMr. Donald J. Hinson CPA (Age 62)Exec. VP & CFO Comp: $572.67kMr. Bryan D. McDonald (Age 51)Exec. VP Comp: $689.2kMs. Cindy M. Huntley (Age 59)Exec. VP & Chief Banking Officer of Heritage Bank Comp: $451.57kMr. Anthony Chalfant (Age 61)Exec. VP & Chief Credit Officer Comp: $484.24kMr. William K. GlasbyExec. VP & CTOMs. Sabrina C. RobisonSr. VP & Chief HR OfficerMs. Kaylene M. Lahn (Age 51)Sr. VP & Corp. Sec. More ExecutivesKey CompetitorsBerkshire Hills BancorpNYSE:BHLBSouthern Missouri BancorpNASDAQ:SMBCGreene County BancorpNASDAQ:GCBCBlue Foundry BancorpNASDAQ:BLFYHome BancorpNASDAQ:HBCPView All CompetitorsInsiders & InstitutionsComerica BankSold 5,980 shares on 1/26/2023Ownership: 0.059%Ziegler Capital Management LLCSold 13,469 shares on 1/24/2023Ownership: 0.127%Allspring Global Investments Holdings LLCSold 36,092 shares on 1/23/2023Ownership: 0.803%Exchange Traded Concepts LLCSold 14,054 shares on 1/18/2023Ownership: 0.066%Marshall & Sullivan Inc. WABought 6,144 shares on 1/18/2023Ownership: 0.018%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 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 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 1-year price targets for Heritage Financial's stock. Their HFWA share price forecasts range from $35.00 to $38.00. On average, they predict the company's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 30.3% 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 at the beginning of 2023. Since then, HFWA shares have decreased by 8.6% and is now trading at $28.01. View the best growth stocks for 2023 here. Are investors shorting Heritage Financial? Heritage Financial saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 870,100 shares, a decrease of 17.9% from the December 31st total of 1,060,000 shares. Based on an average trading volume of 223,800 shares, the short-interest 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 Wednesday, April 19th 2023. View our HFWA earnings forecast. How were Heritage Financial's earnings last quarter? Heritage Financial Co. (NASDAQ:HFWA) announced its quarterly earnings results on Wednesday, October, 20th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The financial services provider had revenue of $59.61 million for the quarter, compared to analysts' expectations of $60.53 million. Heritage Financial had a trailing twelve-month return on equity of 9.67% and a net margin of 32.28%. During the same quarter in the prior year, the company earned $0.46 earnings per share. How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial? Heritage Financial declared a quarterly dividend on Wednesday, October 19th. Shareholders of record on Wednesday, November 2nd will be given a dividend of $0.21 per share on Wednesday, November 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, November 1st. 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 2.98%. The dividend payout ratio is 37.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 31.46% 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 shareholders include Allspring Global Investments Holdings LLC (0.80%), Assenagon Asset Management S.A. (0.48%), Ziegler Capital Management LLC (0.13%), Yousif Capital Management LLC (0.07%), Exchange Traded Concepts LLC (0.07%) and Comerica Bank (0.06%). 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 $28.01. How much money does Heritage Financial make? Heritage Financial (NASDAQ:HFWA) has a market capitalization of $983.15 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 $2.22 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 1/27/2023 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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