Heritage Financial Corporation (HFWA)

NASDAQ: HFWA · Real-Time Price · USD
24.15
-0.08 (-0.33%)
Feb 21, 2025, 4:00 PM EST - Market closed
-0.33%
Market Cap 820.88M
Revenue (ttm) 210.56M
Net Income (ttm) 43.26M
Shares Out 33.99M
EPS (ttm) 1.24
PE Ratio 19.48
Forward PE 11.97
Dividend $0.96 (3.98%)
Ex-Dividend Date Feb 6, 2025
Volume 315,824
Open 24.39
Previous Close 24.23
Day's Range 23.81 - 24.64
52-Week Range 16.55 - 27.58
Beta 0.56
Analysts Hold
Price Target 24.75 (+2.48%)
Earnings Date Jan 23, 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. 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]

Sector Financials
Founded 1927
Employees 751
Stock Exchange NASDAQ
Ticker Symbol HFWA
Full Company Profile

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 Statements

Analyst Forecast

According to 4 analysts, the average rating for HFWA stock is "Hold." The 12-month stock price forecast is $24.75, which is an increase of 2.48% from the latest price.

Price Target
$24.75
(2.48% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

21 days ago - Seeking Alpha

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...

25 days ago - PRNewsWire

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...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - PRNewsWire

Heritage Financial Announces Earnings Release Date and Conference Call

OLYMPIA, Wash. , Jan. 2, 2025 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its fourth quarter and year-end earnings release on Thursd...

7 weeks ago - PRNewsWire

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.

2 months ago - PRNewsWire

Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript

Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript

4 months ago - Seeking Alpha

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...

4 months ago - PRNewsWire

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 ("...

4 months ago - PRNewsWire

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 - ...

7 months ago - Seeking Alpha

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 ...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

Heritage Financial Corporation (HFWA) Q1 2024 Earnings Call Transcript

Heritage Financial Corporation (HFWA) Q1 2024 Earnings Call Transcript

10 months ago - Seeking Alpha

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...

10 months ago - PRNewsWire

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...

1 year ago - PRNewsWire

Heritage Financial Corporation (HFWA) Q4 2023 Earnings Call Transcript

Heritage Financial Corporation (HFWA) Q4 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

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...

1 year ago - PRNewsWire

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” (...

1 year ago - Business Wire

Heritage Financial Corporation (HFWA) Q3 2023 Earnings Call Transcript

Heritage Financial Corporation (HFWA) Q3 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

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 ...

1 year ago - PRNewsWire

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...

1 year ago - Seeking Alpha

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 ...

1 year ago - Seeking Alpha

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - Market Watch