Heritage Financial - HFWA Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" HFWA shares.
View HFWA analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued twelve-month price targets for Heritage Financial's shares. Their HFWA share price forecasts range from $35.00 to $38.00. On average, they expect the company's share price to reach $36.50 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for HFWA or view top-rated stocks among Wall Street analysts.

Heritage Financial's stock was trading at $30.64 on January 1st, 2023. Since then, HFWA shares have decreased by 4.8% and is now trading at $29.16.
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Heritage Financial saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 870,100 shares, a drop of 17.9% from the December 31st total of 1,060,000 shares. Based on an average daily trading volume, of 223,800 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.5% of the shares of the stock are short sold.
View Heritage Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our HFWA earnings forecast.

Heritage Financial Co. (NASDAQ:HFWA) posted its earnings results on Wednesday, October, 20th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The financial services provider had revenue of $59.61 million for the quarter, compared to analyst estimates of $60.53 million. Heritage Financial had a net margin of 31.85% and a trailing twelve-month return on equity of 10.23%. During the same period last year, the company earned $0.46 EPS.

Heritage Financial declared a quarterly dividend on Wednesday, January 25th. Investors of record on Wednesday, February 8th will be paid a dividend of $0.22 per share on Wednesday, February 22nd. This represents a $0.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, February 7th. This is an increase from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for HFWA.

Heritage Financial (NASDAQ:HFWA) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 32.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HFWA.

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.

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).

Heritage Financial trades on the NASDAQ under the ticker symbol "HFWA."

Heritage Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.80%), Kiley Juergens Wealth Management LLC (0.57%), Assenagon Asset Management S.A. (0.48%), Robeco Institutional Asset Management B.V. (0.32%), Martin & Co. Inc. TN (0.26%) and TD Asset Management Inc (0.26%). 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.

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.
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One share of HFWA stock can currently be purchased for approximately $29.16.

Heritage Financial (NASDAQ:HFWA) has a market capitalization of $1.02 billion and generates $257.05 million in revenue each year. The financial services provider earns $81.88 million in net income (profit) each year or $2.31 on an earnings per share basis.

The company employs 751 workers across the globe.

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.