Heritage Financial Corporation (HFWA)
| Market Cap | 803.53M |
| Revenue (ttm) | 220.86M |
| Net Income (ttm) | 51.42M |
| Shares Out | 34.11M |
| EPS (ttm) | 1.48 |
| PE Ratio | 15.90 |
| Forward PE | 11.34 |
| Dividend | $0.96 (4.08%) |
| Ex-Dividend Date | May 7, 2025 |
| Volume | 203,546 |
| Open | 23.30 |
| Previous Close | 22.98 |
| Day's Range | 23.21 - 23.73 |
| 52-Week Range | 16.55 - 27.58 |
| Beta | 0.52 |
| Analysts | Hold |
| Price Target | 27.67 (+17.45%) |
| Earnings Date | Apr 24, 2025 |
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. 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-... [Read more]
Financial Performance
In 2024, Heritage Financial's revenue was $210.56 million, a decrease of -12.10% compared to the previous year's $239.54 million. Earnings were $43.26 million, a decrease of -29.95%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for HFWA stock is "Hold." The 12-month stock price forecast is $27.67, which is an increase of 17.45% from the latest price.
News
Heritage Financial Names Bryan D. McDonald President and CEO and Appoints Him to the Board of Directors
OLYMPIA, Wash. , May 6, 2025 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) ("Company"), parent company of Heritage Bank ("Bank"), announced today that Bryan D.
Heritage Financial Q1: Still Sitting On The Sidelines
Despite a 39.8% stock increase, I maintain a "Hold" rating on Heritage Financial Corporation shares due to high uninsured deposit exposure and mediocre asset quality. Q1 2025 showed revenue and earnin...
Heritage Financial Corporation (HFWA) Q1 2025 Earnings Conference Call Transcript
Heritage Financial Corporation (NASDAQ:HFWA) Q1 2025 Earnings Conference Call April 24, 2025 1:00 PM ET Company Participants Bryan McDonald - CEO, Heritage Bank Don Hinson - CFO Tony Chalfant - Chief...
HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2025 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE
First Quarter 2025 Highlights Net income was $13.9 million, or $0.40 per diluted share, compared to $11.9 million, or $0.34 per diluted share, for the fourth quarter of 2024. Results included a pre-t...
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash. , March 27, 2025 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its first quarter earnings release on Thursday, April 24...
16 Upcoming Dividend Increases
Sixteen companies are boosting their dividends, with an average increase of 8.2%, signaling financial health and stability, particularly among regional banks. My investment strategy focuses on compani...
Heritage Bank Expands Into the Spokane, Washington, Market
OLYMPIA, Wash. , Jan. 27, 2025 /PRNewswire/ -- Heritage Bank ("Heritage" or "bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce its expansion in...
Heritage Financial Corporation (HFWA) Q4 2024 Earnings Call Transcript
Heritage Financial Corporation (NASDAQ:HFWA) Q4 2024 Earnings Conference Call January 23, 2024 1:00 PM ET Corporate Participants Jeff Deuel - Chief Executive Officer, Heritage Financial Tony Chalfant...
HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE
Fourth Quarter 2024 Highlights Net income was $11.9 million, or $0.34 per diluted share, compared to $11.4 million, or $0.33 per diluted share, for the third quarter of 2024. Results included a pre-ta...
Heritage Financial Corporation Appoints Karen R. Saunders to its Board of Directors
OLYMPIA, Wash. , Dec. 19, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) is pleased to announce the appointment of Karen R.
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 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...