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Heritage Financial Corporation (HFWA)

Stock Price: $20.42 USD 0.24 (1.19%)
Updated Aug 14, 2020 3:59 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 733.26M
Revenue (ttm) 194.24M
Net Income (ttm) 41.07M
Shares Out 35.91M
EPS (ttm) 1.13
PE Ratio 18.07
Forward PE 20.45
Dividend $0.80
Dividend Yield 3.92%

Stock Quote

Trading Day Aug 14, 2020
Last Price $20.42
Previous Close $20.18
Change ($) 0.24
Change (%) 1.19%
Day's Open 19.98
Day's Range 19.96 - 20.52
Day's Volume 135,010
52-Week Range 14.65 - 29.25

More Stats

Market Cap 733.26M
Enterprise Value 363.37M
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Aug 4, 2020
Shares Outstanding 35.91M
Float 35.28M
EPS (basic) 1.13
EPS (diluted) 1.13
FCF / Share 3.19
Dividend $0.80
Dividend Yield 3.92%
Earnings Yield 5.53%
FCF Yield 15.62%
Payout Ratio n/a
Shares Short 2.15M
Short Ratio 11.06
Short % of Float 7.12%
Beta 0.66
PE Ratio 18.07
Forward PE 20.45
P/FCF Ratio 6.40
PS Ratio 3.78
PB Ratio 0.87
Revenue 194.24M
Operating Income 47.84M
Net Income 41.07M
Free Cash Flow 114.51M
Net Cash 369.89M
Net Cash / Share 10.30
Gross Margin 117.30%
Operating Margin 24.63%
Profit Margin 21.10%
FCF Margin 58.95%
ROA 0.69%
ROE 5.17%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 1
Overweight 0
Hold 5
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$21.80*
(6.76% upside)
Low
20.0
Current: $20.42
High
24.0
Target: 21.80
*Average 12-month price target from 5 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue22821317115915812773.6869.8358.8557.80
Revenue Growth6.72%25.05%7.24%1.07%23.74%72.76%5.52%18.65%1.82%-
Gross Profit22821317115915812773.6869.8358.8557.80
Operating Income81.0564.3060.1552.7251.3127.9614.2119.529.2520.09
Net Income67.5653.0641.7938.9237.4921.019.5813.266.5213.35
Shares Outstanding36.6236.8729.9329.9529.9730.2616.2115.0815.4311.12
Earnings Per Share1.831.491.391.301.250.820.610.870.421.04
EPS Growth22.82%7.19%6.92%4%52.44%34.43%-29.89%107.14%-59.62%-
Dividend Per Share0.650.720.610.720.530.500.420.880.38-
Dividend Growth-9.72%18.03%-15.28%35.85%6%19.05%-52.27%131.58%--
Operating Cash Flow87.6182.4573.5153.9851.4051.3430.9027.8820.8727.07
Capital Expenditures-12.95-23.24-3.06-6.06-1.01-2.77-4.51-3.86-3.13-6.47
Free Cash Flow74.6759.2170.4547.9250.3948.5726.3924.0217.7520.60
Cash & Equivalents229162103104127122130104124169
Total Debt40.7651.7914412142.6451.2629.4216.0223.0919.03
Net Cash / Debt188110-41.32-17.6884.0070.3710188.25101150
Assets5,5535,3174,1133,8793,6513,4581,6591,3461,3691,368
Liabilities4,7444,5563,6053,3973,1813,0031,4431,1471,1661,165
Book Value809761508482470455216199203202
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Heritage Financial Corporation
Country United States
Employees 877
CEO Jeffrey J. Deuel

Stock Information

Ticker Symbol HFWA
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: HFWA

Description

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 loans, 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 January 30, 2018, the company had a network of 64 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 1927 and is headquartered in Olympia, Washington.