Heritage Financial Corporation (HFWA)
| Market Cap | 1.08B +39.5% |
| Revenue (ttm) | 265.58M +20.2% |
| Net Income | 72.57M +41.1% |
| EPS | 2.04 +37.4% |
| Shares Out | 41.22M |
| PE Ratio | 12.86 |
| Forward PE | 10.73 |
| Dividend | $0.96 (3.59%) |
| Ex-Dividend Date | May 6, 2026 |
| Volume | 276,278 |
| Open | 26.55 |
| Previous Close | 26.75 |
| Day's Range | 26.16 - 26.78 |
| 52-Week Range | 21.32 - 28.98 |
| Beta | 0.50 |
| Analysts | Buy |
| Price Target | 30.50 (+16.46%) |
| Earnings Date | Apr 23, 2026 |
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 its owners 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 also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner o... [Read more]
Financial Performance
In 2025, Heritage Financial's revenue was $244.17 million, an increase of 15.96% compared to the previous year's $210.56 million. Earnings were $67.53 million, an increase of 56.11%.
Financial StatementsAnalyst Summary
According to 4 analysts, the average rating for HFWA stock is "Buy." The 12-month stock price target is $30.5, which is an increase of 16.46% from the latest price.
News
Heritage Financial price target lowered to $32 from $34 at Piper Sandler
Piper Sandler lowered the firm’s price target on Heritage Financial (HFWA) to $32 from $34 and keeps an Overweight rating on the shares. After the first wave of Q1 earnings…
Heritage Financial Earnings Call Transcript: Q1 2026
Olympic Bancorp merger drove significant loan and deposit growth, with net interest margin and credit quality improving quarter-over-quarter. Expenses remain elevated due to merger costs but are expected to normalize post-systems conversion, while capital and deposit costs remain stable.
Heritage Financial reports Q1 adjusted EPS 59c, consensus 57c
Net interest margin increased to 3.96%, an increase of 24 basis points from 3.72% for the fourth quarter of 2025. Yield on loans increased to 5.73%, an increase of 19…
Heritage Financial Announces First Quarter 2026 Results and Declares Regular Cash Dividend of $0.24 Per Share
First Quarter 2026 Highlights Net income was $18.9 million, or $0.48 per diluted share, compared to $22.2 million, or $0.65 per diluted share for the fourth quarter of 2025. Excluding merger-related c...
Heritage Financial price target lowered to $34 from $35 at Piper Sandler
Piper Sandler lowered the firm’s price target on Heritage Financial (HFWA) to $34 from $35 and keeps an Overweight rating on the shares. The firm is making some estimate and…
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash., March 25, 2026 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its first quarter earnings release on Thursday, April 23,...
Massachusetts-Based Heritage Financial Joins Savant Wealth Management
ROCKFORD, Ill.--(BUSINESS WIRE)--Savant Wealth Management, a fee-only registered investment adviser (RIA), announced it has partnered with Heritage Financial, a Massachusetts-based wealth management f...
Heritage Financial price target raised to $35 from $33 at Piper Sandler
Piper Sandler analyst Matthew Clark raised the firm’s price target on Heritage Financial (HFWA) to $35 from $33 and keeps an Overweight rating on the shares. The firm says the…
Heritage Financial Corporation Announces Completion of Acquisition of Olympic Bancorp, Inc.
OLYMPIA, Wash., Feb. 2, 2026 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced that effective January 31, 2026, it completed its previously announced merger (the "Me...
Heritage Financial price target raised to $30 from $28 at Stephens
Stephens analyst Andrew Terrell raised the firm’s price target on Heritage Financial (HFWA) to $30 from $28 and keeps an Equal Weight rating on the shares. The net interest margin…
Heritage Financial price target raised to $30 from $28 at Keefe Bruyette
Keefe Bruyette analyst Kelly Motta raised the firm’s price target on Heritage Financial (HFWA) to $30 from $28 and keeps a Market Perform rating on the shares. Published first on…
Heritage Financial price target raised to $32 from $29 at DA Davidson
DA Davidson analyst Jeff Rulis raised the firm’s price target on Heritage Financial (HFWA) to $32 from $29 and keeps a Buy rating on the shares after its Q4 earnings…
Heritage Financial Earnings Call Transcript: Q4 2025
Adjusted EPS and ROA saw strong year-over-year gains, with net interest margin and deposit growth driving improved results. The Olympic Bancorp merger is set to close soon, expected to enhance profitability and efficiency, while credit quality remains robust.
Heritage Financial reports Q4 EPS 65c, consensus 56c
Q4 net interest margin increased to 3.72%, an increase of 8 basis points from 3.64% for Q3. Tangible book value per share was $19.98 from $19.46 last quarter end. Common…
Heritage Financial Announces Fourth Quarter and Annual 2025 Results
Fourth Quarter 2025 Highlights Net income was $22.2 million, or $0.65 per diluted share, compared to $19.2 million, or $0.55 per diluted share, for the third quarter of 2025. Return on average assets ...
Heritage Financial Corporation Declares Quarterly Dividend
OLYMPIA, Wash., Jan. 16, 2026 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced today that the Board of Directors declared a quarterly cash dividend.
Heritage Financial receives regulatory approval to acquire Olympic Bancorp
Heritage Financial (HFWA) announced that it has received all regulatory approvals required to complete the previously announced merger of Olympic Bancorp with and into Heritage and the merger of Kitsa...
Heritage Financial Corporation Receives Regulatory Approval to Acquire Olympic Bancorp, Inc.
OLYMPIA, Wash., Dec. 29, 2025 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) announced today that it has received all regulatory approvals required to complete the previous...
Heritage Financial Corporation Appoints Scott T. Allan to its Board of Directors
OLYMPIA, Wash. , Dec. 19, 2025 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) is pleased to announce the appointment of Scott T.
Heritage Financial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Heritage Financial Corporation - HFWA
NEW YORK CITY and NEW ORLEANS , Dec. 3, 2025 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
Heritage Financial Earnings Call Transcript: Q3 2025
Adjusted EPS and ROA saw strong year-over-year gains, with NIM and net interest income rising on higher loan yields and deposit growth. Credit quality remains robust, and the Olympic Bank Corp merger is on track for early Q1 close, supporting future growth.
Heritage Financial reports Q3 EPS 55c, consensus 55c
Reports Q3 net interest margin up 13 basis points to 3.64% from 3.51% during Q2. Tangible book value per share was $19.46 from $18.99 last quarter. Common equity tier 1…
Heritage Financial Announces Third Quarter 2025 Results and Declares Regular Cash Dividend of $0.24 Per Share
Third Quarter 2025 Highlights Net income was $19.2 million, or $0.55 per diluted share, compared to $12.2 million, or $0.36 per diluted share, for the second quarter of 2025. Deposits increased $73.1 ...
HERITAGE FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Heritage Financial Corporation - HFWA
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Olympic Bancorp,...
Heritage Financial price target raised to $29 from $28 at DA Davidson
DA Davidson raised the firm’s price target on Heritage Financial (HFWA) to $29 from $28 and keeps a Buy rating on the shares. The firm is boosting its 2026 EPS…