Heritage Financial Stock Forecast, Price & News

-1.63 (-5.91 %)
(As of 06/17/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume198,008 shs
Average Volume129,803 shs
Market Capitalization$932.99 million
P/E Ratio15.72
Dividend Yield2.90%
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About Heritage Financial

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 07, 2021, it had a network of 61 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.


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Overall MarketRank

1.72 out of 5 stars

Finance Sector

450th out of 1,974 stocks

Savings Institutions, Except Federal Industry

6th out of 33 stocks

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Heritage Financial (NASDAQ:HFWA) Frequently Asked Questions

Is Heritage Financial a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Heritage Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HFWA, but not buy additional shares or sell existing shares.
View analyst ratings for Heritage Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Heritage Financial?

Wall Street analysts have given Heritage Financial a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Heritage Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Heritage Financial's next earnings date?

Heritage Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Heritage Financial

How were Heritage Financial's earnings last quarter?

Heritage Financial Co. (NASDAQ:HFWA) released its quarterly earnings data on Thursday, April, 22nd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.17. The financial services provider had revenue of $60.49 million for the quarter, compared to analysts' expectations of $62.67 million. Heritage Financial had a trailing twelve-month return on equity of 7.36% and a net margin of 23.75%.
View Heritage Financial's earnings history

How has Heritage Financial's stock price 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 stock has increased by 28.3% and is now trading at $25.93.
View which stocks have been most impacted by COVID-19

How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial?

Heritage Financial declared a quarterly dividend on Friday, April 23rd. Shareholders of record on Wednesday, May 5th will be paid a dividend of $0.20 per share on Wednesday, May 19th. This represents a $0.80 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, May 4th.
View Heritage Financial's dividend history

Is Heritage Financial a good dividend stock?

Heritage Financial pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.90%. Heritage Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of Heritage Financial is 62.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Heritage Financial will have a dividend payout ratio of 50.96% next year. This indicates that Heritage Financial will be able to sustain or increase its dividend.
View Heritage Financial's dividend history.

What price target have analysts set for HFWA?

1 analysts have issued 12 month target prices for Heritage Financial's shares. Their forecasts range from $28.00 to $28.00. On average, they expect Heritage Financial's stock price to reach $28.00 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
View analysts' price targets for Heritage Financial
or view top-rated stocks among Wall Street analysts.

Who are Heritage Financial's key executives?

Heritage Financial's management team includes the following people:
  • Mr. Brian L. Vance, Chairman (Age 67, Pay $421.48k)
  • Mr. Jeffrey J. Deuel, Pres, CEO & Director (Age 62, Pay $923.6k)
  • Mr. Donald J. Hinson CPA, Exec. VP & CFO (Age 60, Pay $505.44k)
  • Mr. Bryan D. McDonald, Exec. VP & COO (Age 49, Pay $591.15k)
  • Ms. Cindy M. Huntley, Exec. VP & Chief Banking Officer of Heritage Bank (Age 57, Pay $348.02k)
  • Mr. Anthony Chalfant, Exec. VP & Chief Credit Officer (Age 56, Pay $360.22k)
  • Mr. William K. Glasby, Exec. VP & CTO
  • Ms. Sabrina C. Robison, Sr. VP & Chief HR Officer
  • Ms. Kaylene M. Lahn, Sr. VP & Corp. Sec. (Age 49)
  • Mr. Thomas J. Henning, Exec. VP & Chief Risk Officer of Haritage Bank

What is Jeff Deuel's approval rating as Heritage Financial's CEO?

17 employees have rated Heritage Financial CEO Jeff Deuel on Jeff Deuel has an approval rating of 94% among Heritage Financial's employees. This puts Jeff Deuel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Heritage Financial's key 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).

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 investors include BlackRock Inc. (14.72%), Price T Rowe Associates Inc. MD (9.79%), Dimensional Fund Advisors LP (4.56%), Alliancebernstein L.P. (4.47%), Goldman Sachs Group Inc. (3.56%) and Bank of New York Mellon Corp (2.20%). Company insiders that own Heritage Financial 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 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 Ameriprise Financial Inc., Northern Trust Corp, Morgan Stanley, Price T Rowe Associates Inc. MD, Russell Investments Group Ltd., Penn Capital Management Co. Inc., Dimensional Fund Advisors LP, and Bank of New York Mellon Corp. Company insiders that have sold Heritage Financial company stock in the last year include Brian Charneski, Brian L Vance, Cindy M Huntley, John A Clees, and Tony Chalfant.
View insider buying and selling activity for Heritage Financial
or view top insider-selling stocks.

Which major investors are buying Heritage Financial stock?

HFWA stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Schroder Investment Management Group, Victory Capital Management Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Geode Capital Management LLC, The Manufacturers Life Insurance Company, 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
or or view top insider-buying stocks.

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 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 $25.93.

How much money does Heritage Financial make?

Heritage Financial has a market capitalization of $932.99 million and generates $251.55 million in revenue each year. The financial services provider earns $46.57 million in net income (profit) each year or $1.29 on an earnings per share basis.

How many employees does Heritage Financial have?

Heritage Financial employs 840 workers across the globe.

When was Heritage Financial founded?

Heritage Financial was founded in 1927.

What is Heritage Financial's official website?

The official website for Heritage Financial is

Where are Heritage Financial's headquarters?

Heritage Financial is headquartered at 201 FIFTH AVENUE S.W., OLYMPIA WA, 98501.

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 6/18/2021 by Staff
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