NASDAQ:HFWA Heritage Financial Stock Forecast, Price & News Adding Choose a 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 Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $18.25 -1.23 (-6.31 %) (As of 09/21/2020 12:00 AM ET) Add Compare Share Today's Range$18.10Now: $18.25▼$19.3150-Day Range$18.42MA: $19.97▼$20.9852-Week Range$14.65Now: $18.25▼$29.25Volume158,698 shsAverage Volume190,292 shsMarket Capitalization$655.34 millionP/E Ratio16.44Dividend Yield4.11%Beta0.7 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 loans, 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 January 30, 2018, the company had a network of 64 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 1927 and is headquartered in Olympia, Washington.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingHeritage Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.00, Heritage Financial has a forecasted upside of 58.9% from its current price of $18.25.Amount of Analyst CoverageHeritage Financial has received no research coverage in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesHeritage Financial has received 324 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHeritage Financial has received 409 “underperform” votes. (Add your “underperform” vote.)Community SentimentHeritage Financial has received 55.80% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipHeritage Financial is a leading dividend payer. It pays a dividend yield of 4.11%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHeritage Financial has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Heritage Financial is 43.72%. 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 70.18% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend. Previous Next 1.0 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 1.60% of the stock of Heritage Financial is held by insiders.Percentage Held by Institutions80.66% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Heritage Financial are expected to grow by 5.56% in the coming year, from $1.08 to $1.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Heritage Financial is 16.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.51.Price to Earnings Ratio vs. SectorThe P/E ratio of Heritage Financial is 16.44, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.99.Price to Book Value per Share RatioHeritage Financial has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.57 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Savings institutions, except federal Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HFWA Previous Symbol CUSIP42722X10 CIK1046025 Webwww.hf-wa.com Phone360-943-1500Debt Debt-to-Equity Ratio0.03 Current Ratio0.88 Quick Ratio0.87Price-To-Earnings Trailing P/E Ratio16.44 Forward P/E Ratio16.90 P/E GrowthN/A Sales & Book Value Annual Sales$250.31 million Price / Sales2.62 Cash Flow$2.03 per share Price / Cash Flow8.98 Book Value$22.10 per share Price / Book0.83Profitability EPS (Most Recent Fiscal Year)$1.83 Net Income$67.56 million Net Margins16.36% Return on Equity5.13% Return on Assets0.71%Miscellaneous Employees878 Outstanding Shares35,909,000Market Cap$655.34 million Next Earnings Date10/22/2020 (Estimated) OptionableOptionable $18.25 -1.23 (-6.31 %) (As of 09/21/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive HFWA News and Ratings via Email Sign-up to receive the latest news and ratings for HFWA and its competitors with MarketBeat's FREE daily newsletter. Heritage Financial (NASDAQ:HFWA) Frequently Asked Questions How has Heritage Financial's stock been impacted by COVID-19 (Coronavirus)? Heritage Financial's stock was trading at $20.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HFWA shares have decreased by 9.7% and is now trading at $18.25. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Heritage Financial? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Heritage Financial. When is Heritage Financial's next earnings date? Heritage Financial is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020. View our earnings forecast for Heritage Financial. How were Heritage Financial's earnings last quarter? Heritage Financial Corp (NASDAQ:HFWA) released its earnings results on Thursday, July, 23rd. The financial services provider reported ($0.17) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.34. The financial services provider had revenue of $58.56 million for the quarter, compared to analysts' expectations of $57.03 million. Heritage Financial had a net margin of 16.36% and a return on equity of 5.13%. View Heritage Financial's earnings history. How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial? Heritage Financial declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.20 per share on Wednesday, August 19th. This represents a $0.80 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Tuesday, August 4th. View Heritage Financial's dividend history. What price target have analysts set for HFWA? 2 Wall Street analysts have issued 1 year price targets for Heritage Financial's shares. Their forecasts range from $29.00 to $29.00. On average, they expect Heritage Financial's share price to reach $29.00 in the next year. This suggests a possible upside of 58.9% from the stock's current price. View analysts' price targets for Heritage Financial. Are investors shorting Heritage Financial? Heritage Financial saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,790,000 shares, a decrease of 13.9% from the August 15th total of 2,080,000 shares. Based on an average daily volume of 211,600 shares, the days-to-cover ratio is currently 8.5 days. Approximately 5.1% of the company's stock are sold short. View Heritage Financial's Short Interest. Who are some of Heritage Financial's key competitors? Some companies that are related to Heritage Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC), Signature Bank (SBNY) and Cullen/Frost Bankers (CFR). View all competitors. 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). Who are Heritage Financial's key executives? Heritage Financial's management team includes the following people: Mr. Brian L. Vance, CEO & Director (Age 65)Mr. Jeffrey J. Deuel, Pres (Age 60)Mr. Donald J. Hinson CPA, Exec. VP & CFO (Age 58)Mr. Bryan D. McDonald, Exec. VP & COO (Age 47)William K. Glasby, Exec. VP & Chief Technology Officer 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.58%), Goldman Sachs Group Inc. (3.48%), Bank of New York Mellon Corp (2.49%), Victory Capital Management Inc. (1.63%), Charles Schwab Investment Management Inc. (1.38%) and ProShare Advisors LLC (1.08%). Company insiders that own Heritage Financial stock include Brian Charneski, Brian L Vance, Bryan Mcdonald, David A Spurling, Donald Hinson, Gragg E Miller, Jeffrey J Deuel, Jeffrey S Lyon and Lisa Banner. View institutional ownership trends for Heritage Financial. Which major investors are selling Heritage Financial stock? HFWA stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Heartland Advisors Inc., Victory Capital Management Inc., Goldman Sachs Group Inc., Prudential Financial Inc., First Trust Advisors LP, Nuveen Asset Management LLC, and Bank of America Corp DE. View insider buying and selling activity for Heritage Financial. Which major investors are buying Heritage Financial stock? HFWA stock was acquired by a variety of institutional investors in the last quarter, including ProShare Advisors LLC, Charles Schwab Investment Management Inc., Russell Investments Group Ltd., Baird Financial Group Inc., PDT Partners LLC, Vanguard Group Inc., Two Sigma Advisers LP, and Forest Hill Capital LLC. Company insiders that have bought Heritage Financial stock in the last two years include Brian Charneski, Gragg E Miller, Jeffrey J Deuel, and Jeffrey S Lyon. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Heritage Financial's stock price today? One share of HFWA stock can currently be purchased for approximately $18.25. How big of a company is Heritage Financial? Heritage Financial has a market capitalization of $655.34 million and generates $250.31 million in revenue each year. The financial services provider earns $67.56 million in net income (profit) each year or $1.83 on an earnings per share basis. Heritage Financial employs 878 workers across the globe. What is Heritage Financial's official website? The official website for Heritage Financial is www.hf-wa.com. 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] This page was last updated on 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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 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. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
