Heritage Financial Corporation (HFWA)
| Market Cap | 870.57M |
| Revenue (ttm) | 203.99M |
| Net Income (ttm) | 37.56M |
| Shares Out | 34.15M |
| EPS (ttm) | 1.08 |
| PE Ratio | 23.64 |
| Forward PE | 13.85 |
| Dividend | $0.92 (3.61%) |
| Ex-Dividend Date | Nov 6, 2024 |
| Volume | 118,812 |
| Open | 25.51 |
| Previous Close | 25.59 |
| Day's Range | 25.30 - 25.72 |
| 52-Week Range | 16.55 - 27.55 |
| Beta | 0.52 |
| Analysts | Buy |
| Price Target | 24.40 (-4.28%) |
| Earnings Date | Oct 24, 2024 |
About HFWA
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. It 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. The company’s loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one... [Read more]
Financial Performance
In 2023, Heritage Financial's revenue was $239.54 million, a decrease of -3.96% compared to the previous year's $249.40 million. Earnings were $61.76 million, a decrease of -24.57%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for HFWA stock is "Buy." The 12-month stock price forecast is $24.4, which is a decrease of -4.28% from the latest price.
News
Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript
Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript
HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.23 PER SHARE
Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024. Results include a pre-tax...
Nicholas Bley Named Chief Operating Officer at Heritage Bank
OLYMPIA, Wash. , Oct. 23, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank (the "Bank"), announces that Nicholas ("...
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash. , Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24...
Heritage Financial Corporation (HFWA) Q2 2024 Earnings Call Transcript
Heritage Financial Corporation (NASDAQ:HFWA) Q2 2024 Results Conference Call July 25, 2024 1:00 PM ET Company Participants Jeff Deuel - CEO & Director Don Hinson - Executive VP & CFO Tony Chalfant - ...
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Second Quarter 2024 Highlights Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter. The second ...
Heritage Financial Announces CEO Succession Plan
Retiring Chief Executive Jeff Deuel Remains CEO of Heritage Financial Corporation until May 2025; Bryan McDonald Named President and CEO of Heritage Bank and President of Heritage Financial Corporatio...
Heritage Financial Corporation (HFWA) Q1 2024 Earnings Call Transcript
Heritage Financial Corporation (HFWA) Q1 2024 Earnings Call Transcript
HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Net income was $5.7 million, or $0.16 per diluted share, for the first quarter of 2024 compared to $6.2 million, or $0.18 per diluted share, for the fourth quarter of 2023. Significant items in the fi...
Heritage Financial Corporation Announces that Director Eric K. Chan Resigned from the Board of Directors
OLYMPIA, Wash. , Feb. 7, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company") (Nasdaq: HFWA), the holding company for Heritage Bank ("Bank"), announced that on February 6, 2024 Director Eri...
Heritage Financial Corporation (HFWA) Q4 2023 Earnings Call Transcript
Heritage Financial Corporation (HFWA) Q4 2023 Earnings Call Transcript
HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2023 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Net income was $6.2 million, or $0.18 per diluted share, for the fourth quarter of 2023 compared to $18.2 million, or $0.51 per diluted share, for the third quarter of 2023. Significant items in the f...
AM Best Downgrades Credit Ratings of P/C Subsidiaries of United Heritage Financial Group, Inc.; Withdraws Credit Ratings of United Heritage Property & Casualty Company
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b” (...
Heritage Financial Corporation (HFWA) Q3 2023 Earnings Call Transcript
Heritage Financial Corporation (HFWA) Q3 2023 Earnings Call Transcript
HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2023 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Net income was $18.2 million, or $0.51 per diluted share, for the third quarter of 2023 compared to $16.8 million, or $0.48 per diluted share, for the second quarter of 2023. Return on average equity ...
Heritage Financial: I Understand Why Shares Haven't Recovered
Heritage Financial Corporation has seen a decline in deposits and a volatile revenue and profit picture in recent years. The bank has been successful in growing its loan book and managing leverage, bu...
Heritage Financial Corporation (HFWA) Q2 2023 Earnings Call Transcript
Heritage Financial Corporation (NASDAQ:HFWA) Q2 2023 Earnings Conference Call July 20, 2023 1:00 PM ET Company Participants Jeffrey Deuel - CEO Donald Hinson - CFO Bryan McDonald - President and COO ...
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2023 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Net income was $16.8 million, or $0.48 per diluted share, for the second quarter of 2023 compared to $20.5 million, or $0.58 per diluted share, for the first quarter of 2023. Loans receivable increase...
KBRA Publishes and Affirms Ratings for Heritage Financial Corporation
OLYMPIA, Wash. , May 23, 2023 /PRNewswire/ -- Heritage Financial Corporation (the "Company") (NASDAQ: HFWA), the parent company of Heritage Bank (the "Bank"), announced today that Kroll Bond Rating Ag...
These banks have high exposure to loans secured by office properties — here's how their stocks have performed
Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...
Heritage Financial Corporation (HFWA) Q1 2023 Earnings Call Transcript
Heritage Financial Corporation (HFWA) Q1 2023 Earnings Call Transcript.
HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2023 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Net income was $20.5 million, or $0.58 per diluted share, for the first quarter of 2023 compared to $22.5 million, or $0.64 per diluted share, for the fourth quarter of 2022 and $19.8 million, or $0.5...
Heritage Financial Corporation: Bright Earnings Outlook With Manageable Risk
Margin expansion will slow down due to the recent deterioration of the loan mix. Further, the deposit cost's rate sensitivity will likely increase, which will hurt the margin's growth. The management'...
Heritage Financial Corporation (HFWA) Q4 2022 Earnings Call Transcript
Heritage Financial Corporation (NASDAQ:HFWA) Q4 2022 Earnings Conference Call January 26, 2023 1:00 PM ET Company Participants Jeffrey Deuel - Chief Executive Officer Donald Hinson - Executive Vice P...
HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Net income was $22.5 million, or $0.64 per diluted share, for the fourth quarter of 2022 compared to $21.0 million, or $0.59 per diluted share, for the third quarter of 2022 and $19.4 million, or $0.5...