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 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 December 31, 2017, the company had a network of 59 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 1994 and is headquartered in Olympia, Washington.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Savings institutions, except federal
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HFWA
Previous Symbol
CUSIP42722X10
Phone360-943-1500
Debt
Debt-to-Equity Ratio0.03
Current Ratio0.84
Quick Ratio0.84
Price-To-Earnings
Trailing P/E Ratio21.74
Forward P/E Ratio17.97
P/E Growth2.58
Sales & Book Value
Annual Sales$183.29 million
Price / Sales6.47
Cash Flow$1.8393 per share
Price / Cash Flow17.49
Book Value$16.99 per share
Price / Book1.89
Profitability
EPS (Most Recent Fiscal Year)$1.48
Net Income$41.79 million
Net Margins20.10%
Return on Equity8.92%
Return on Assets1.20%
Miscellaneous
Employees735
Outstanding Shares36,870,000
Market Cap$1.19 billion
OptionableOptionable
Heritage Financial (NASDAQ:HFWA) Frequently Asked Questions
What is Heritage Financial's stock symbol?
Heritage Financial trades on the NASDAQ under the ticker symbol "HFWA."
How often does Heritage Financial pay dividends? What is the dividend yield for Heritage Financial?
Heritage Financial declared a quarterly dividend on Wednesday, October 24th. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.17 per share on Wednesday, November 21st. This represents a $0.68 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, November 6th. This is a boost from Heritage Financial's previous quarterly dividend of $0.15. View Heritage Financial's Dividend History.
How were Heritage Financial's earnings last quarter?
Heritage Financial Corp (NASDAQ:HFWA) announced its earnings results on Thursday, October, 25th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.01. The financial services provider had revenue of $59.18 million for the quarter, compared to analyst estimates of $57.63 million. Heritage Financial had a net margin of 20.10% and a return on equity of 8.92%. View Heritage Financial's Earnings History.
When is Heritage Financial's next earnings date?
What price target have analysts set for HFWA?
4 brokers have issued twelve-month target prices for Heritage Financial's stock. Their predictions range from $33.00 to $36.00. On average, they expect Heritage Financial's share price to reach $34.6667 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View Analyst Price Targets for Heritage Financial.
What is the consensus analysts' recommendation for Heritage Financial?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Financial in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Heritage Financial.
Has Heritage Financial been receiving favorable news coverage?
Headlines about HFWA stock have trended somewhat negative recently, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Heritage Financial earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
Who are some of Heritage Financial's key competitors?
Some companies that are related to Heritage Financial include Berkshire Hills Bancorp (BHLB), Beneficial Bancorp (BNCL), United Financial Bancorp (UBNK), United Community Financial (UCFC), PCSB Financial (PCSB), Home Bancorp (HBCP), Southern Missouri Bancorp (SMBC), Greene County Bancorp (GCBC), ESSA Bancorp (ESSA), Timberland Bancorp (TSBK), First Northwest BanCorp (FNWB), FS Bancorp (FSBW), Prudential Bancorp (PBIP), Entegra Financial (ENFC) and Wellesley Bancorp (WEBK).
Who are Heritage Financial's key executives?
Heritage Financial's management team includes the folowing people:
- Mr. Brian L. Vance, CEO & Director (Age 64)
- Mr. Jeffrey J. Deuel, Pres (Age 59)
- Mr. Donald J. Hinson CPA, Exec. VP, CFO & Principal Accounting Officer (Age 57)
- Mr. David A. Spurling, Exec. VP & Chief Credit Officer (Age 65)
- Mr. Bryan D. McDonald, Exec. VP & Chief Lending Officer (Age 46)
Who are Heritage Financial's major shareholders?
Heritage Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.94%), Vanguard Group Inc. (5.14%), Dimensional Fund Advisors LP (4.62%), Bank of New York Mellon Corp (2.27%), The Manufacturers Life Insurance Company (2.14%) and Eagle Asset Management Inc. (1.30%). Company insiders that own Heritage Financial stock include Anthony Pickering, Brian Charneski, Brian L Vance, David A Spurling, Donald Hinson, John A Clees, Lisa Banner and Mark D Crawford. View Institutional Ownership Trends for Heritage Financial.
Which institutional investors are selling Heritage Financial stock?
HFWA stock was sold by a variety of institutional investors in the last quarter, including Investment Counselors of Maryland LLC, AQR Capital Management LLC, Panagora Asset Management Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Russell Investments Group Ltd., Thrivent Financial for Lutherans and Allianz Asset Management GmbH. Company insiders that have sold Heritage Financial company stock in the last year include Brian L Vance, David A Spurling, Donald Hinson, John A Clees and Lisa Banner. View Insider Buying and Selling for Heritage Financial.
Which institutional investors are buying Heritage Financial stock?
HFWA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Matarin Capital Management LLC, Vanguard Group Inc., Advisory Research Inc., Stieven Capital Advisors L.P., Rehmann Capital Advisory Group, Arizona State Retirement System and Bank of New York Mellon Corp. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Heritage Financial's stock price today?
One share of HFWA stock can currently be purchased for approximately $32.17.
How big of a company is Heritage Financial?
Heritage Financial has a market capitalization of $1.19 billion and generates $183.29 million in revenue each year. The financial services provider earns $41.79 million in net income (profit) each year or $1.48 on an earnings per share basis. Heritage Financial employs 735 workers across the globe.
What is Heritage Financial's official website?
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]
MarketBeat Community Rating for Heritage Financial (NASDAQ HFWA)
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.
