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Heritage Financial - HFWA Stock Forecast, Price & News

$27.02
-0.09 (-0.33%)
(As of 08/19/2022 01:56 PM ET)
Add
Compare
Today's Range
$26.93
$27.08
50-Day Range
$23.94
$27.69
52-Week Range
$20.95
$27.90
Volume
3,684 shs
Average Volume
187,012 shs
Market Capitalization
$948.40 million
P/E Ratio
12.23
Dividend Yield
3.08%
Price Target
$29.00

Heritage Financial MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.5% Upside
$29.00 Price Target
Short Interest
Healthy
2.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$141,290 Sold Last Quarter
Proj. Earnings Growth
7.48%
From $2.14 to $2.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Finance Sector

294th out of 914 stocks

Savings Institutions, Except Federal Industry

5th out of 16 stocks

HFWA stock logo

About Heritage Financial (NASDAQ:HFWA) Stock

Heritage 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.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised shares of Heritage Financial from a "neutral" rating to a "buy" rating in a research note on Monday, July 25th.

Heritage Financial Trading Down 0.7 %

Shares of HFWA traded down $0.19 during mid-day trading on Thursday, reaching $27.11. 106,892 shares of the company were exchanged, compared to its average volume of 180,540. The business has a 50 day simple moving average of $25.62 and a two-hundred day simple moving average of $25.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $951.67 million, a PE ratio of 12.27 and a beta of 0.61. Heritage Financial has a 52 week low of $20.95 and a 52 week high of $27.90.

Heritage Financial (NASDAQ:HFWA - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Heritage Financial had a net margin of 33.11% and a return on equity of 9.41%. During the same period last year, the company posted $0.90 EPS. On average, analysts predict that Heritage Financial will post 2.14 earnings per share for the current fiscal year.

Heritage Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 3rd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, August 2nd. Heritage Financial's dividend payout ratio is 38.01%.

Insider Activity at Heritage Financial

In other Heritage Financial news, Director Brian L. Vance sold 5,470 shares of Heritage Financial stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $25.83, for a total value of $141,290.10. Following the completion of the sale, the director now directly owns 97,513 shares in the company, valued at $2,518,760.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

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HFWA Stock News Headlines

DA Davidson Upgrades Heritage Financial (NASDAQ:HFWA) to Buy
Heritage Financial Tops Q1 EPS by 19c
Heritage Financial: Q4 Earnings Insights
Heritage Financial declares $0.21 dividend
See More Headlines
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HFWA Company Calendar

Last Earnings
7/21/2022
Ex-Dividend for 8/17 Dividend
8/02/2022
Dividend Payable
8/17/2022
Today
8/19/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Savings institutions, except federal
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HFWA
CUSIP
42722X10
Employees
751
Year Founded
1927

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+7.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$98.04 million
Pretax Margin
40.50%

Debt

Sales & Book Value

Annual Sales
$247.45 million
Cash Flow
$2.23 per share
Book Value
$22.94 per share

Miscellaneous

Free Float
34,472,000
Market Cap
$948.40 million
Optionable
Optionable
Beta
0.61

Social Links


Key Executives

  • Mr. Brian L. VanceMr. Brian L. Vance (Age 68)
    Chairman
    Comp: $1.03M
  • Mr. Jeffrey J. Deuel (Age 63)
    Pres, CEO & Director
    Comp: $1.08M
  • Mr. Donald J. Hinson CPA (Age 61)
    Exec. VP & CFO
    Comp: $572.67k
  • Mr. Bryan D. McDonald (Age 50)
    Exec. VP
    Comp: $689.2k
  • Ms. Cindy M. HuntleyMs. Cindy M. Huntley (Age 58)
    Exec. VP & Chief Banking Officer of Heritage Bank
    Comp: $451.57k
  • Mr. Anthony ChalfantMr. Anthony Chalfant (Age 60)
    Exec. VP & Chief Credit Officer
    Comp: $484.24k
  • Mr. William K. Glasby
    Exec. VP & CTO
  • Ms. Sabrina C. Robison
    Sr. VP & Chief HR Officer
  • Ms. Kaylene M. Lahn (Age 50)
    Sr. VP & Corp. Sec.













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 2022?

1 brokers have issued twelve-month price objectives for Heritage Financial's stock. Their HFWA share price forecasts range from $29.00 to $29.00. On average, they predict the company's share price to reach $29.00 in the next year. This suggests a possible upside of 7.0% 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 2022?

Heritage Financial's stock was trading at $24.44 on January 1st, 2022. Since then, HFWA stock has increased by 10.9% and is now trading at $27.11.
View the best growth stocks for 2022 here
.

When is Heritage Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our HFWA earnings forecast
.

How were Heritage Financial's earnings last quarter?

Heritage Financial Co. (NASDAQ:HFWA) announced its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. Heritage Financial had a trailing twelve-month return on equity of 9.41% and a net margin of 33.11%. During the same period in the prior year, the firm earned $0.90 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, July 20th. Investors of record on Wednesday, August 3rd will be given a dividend of $0.21 per share on Wednesday, August 17th. This represents a $0.84 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, August 2nd.
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 3.08%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HFWA will have a dividend payout ratio of 36.52% 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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (4.34%), Victory Capital Management Inc. (3.59%), Goldman Sachs Group Inc. (2.81%), Basswood Capital Management L.L.C. (1.78%), Northern Trust Corp (1.29%) and Allspring Global Investments Holdings LLC (0.79%). Insiders that own company stock include Brian Charneski, Brian L Vance, Bryan Mcdonald, Cindy M Huntley, David A Spurling, 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 $27.11.

How much money does Heritage Financial make?

Heritage Financial (NASDAQ:HFWA) has a market capitalization of $951.56 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 $2.21 on an earnings per share basis.

How many employees does Heritage Financial have?

The company employs 751 workers across the globe.

When was Heritage Financial founded?

Heritage Financial was founded in 1927.

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 8/19/2022 by MarketBeat.com Staff

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