Heritage Financial Corporation (HFWA)

NASDAQ: HFWA · IEX Real-Time Price · USD
19.08
+0.19 (1.01%)
May 17, 2024, 4:00 PM EDT - Market closed
1.01%
Market Cap 661.53M
Revenue (ttm) 220.50M
Net Income (ttm) 47.05M
Shares Out 34.69M
EPS (ttm) 1.33
PE Ratio 14.35
Forward PE 10.99
Dividend $0.92 (4.82%)
Ex-Dividend Date May 7, 2024
Volume 61,778
Open 18.96
Previous Close 18.89
Day's Range 18.95 - 19.27
52-Week Range 15.50 - 22.55
Beta 0.56
Analysts Buy
Price Target 22.33 (+17.03%)
Earnings Date Apr 25, 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]

Sector Financials
Founded 1927
Employees 765
Stock Exchange NASDAQ
Ticker Symbol HFWA
Full Company Profile

Financial Performance

In 2023, HFWA's revenue was $239.54 million, a decrease of -4.34% compared to the previous year's $250.40 million. Earnings were $61.76 million, a decrease of -24.57%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for HFWA stock is "Buy." The 12-month stock price forecast is $22.33, which is an increase of 17.03% from the latest price.

Price Target
$22.33
(17.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

23 days ago - PRNewsWire

Heritage Financial Announces Earnings Release Date and Conference Call

OLYMPIA, Wash. , April 2, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company" or "Heritage") (Nasdaq: HFWA) anticipates issuing its first quarter earnings release on Thursday, April 25, 202...

6 weeks 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...

3 months ago - PRNewsWire

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...

4 months 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” (...

5 months ago - Business Wire

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 ...

7 months ago - PRNewsWire

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...

10 months 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

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

Heritage Bank Expands into the Boise, Idaho, Market

OLYMPIA, Wash. , Jan. 10, 2023 /PRNewswire/ -- Heritage Bank ("Heritage" or "bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce its expansion in...

1 year ago - PRNewsWire

Heritage Bank Appoints New Executive Vice Presidents and Announces the Retirement of Cindy Hirman, Executive Vice President, Chief Banking Officer

OLYMPIA, Wash. , Jan. 5, 2023 /PRNewswire/ -- Heritage Bank ("Heritage" or "Bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce the appointment o...

1 year ago - PRNewsWire

Heritage Financial Corporation Appoints Eric K. Chan to its Board of Directors

OLYMPIA, Wash., Dec. 21, 2022 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (Nasdaq: HFWA) is pleased to announce the appointment of Eric K.

1 year ago - PRNewsWire

Why M&T Bank, Palomar Holdings And Other Oversold Majors In The Financial Sector Look Promising - Broadmark Realty Capital (NYSE:BRMK), Heritage Financial (NASDAQ:HFWA)

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. Here's the latest list of major oversold players in this sector, having an RSI near or below...

Other symbols: MTBPLMR
1 year ago - Benzinga

HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

Net income was $21.0 million, or $0.59 per diluted share, for the third quarter of 2022 compared to $18.6 million, or $0.52 per diluted share, for the second quarter of 2022 and $20.6 million, or $0.5...

1 year ago - PRNewsWire

These 3 Dividend Stocks Are Built Different

In a washed out market that is poised to pop, this payer could fly.

Other symbols: CALMUNM
1 year ago - Forbes

HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

Net income was $18.6 million, or $0.52 per diluted share, for the second quarter of 2022 compared to $19.8 million, or $0.56 per diluted share, for the first quarter of 2022 and $32.7 million, or $0.9...

1 year ago - PRNewsWire

McDonald's To $278? Analysts Just Raised Their Price Targets On These 5 Stocks

Investor sentiment has suffered dramatically due to the recent market downturn brought on by rising inflation, the Fed's aggressive policy and concerns about the impending economic recession. The S&P ...

Other symbols: MCDCDNSGSORLY
2 years ago - Benzinga

Heritage Bank announces new commercial and relationship banking teams in Vancouver, Washington; Portland and Eugene, Oregon

OLYMPIA, Wash. , June 1, 2022 /PRNewswire/ -- Heritage Bank, a subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce the addition of new commercial and relationship banki...

2 years ago - PRNewsWire

HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

Net income was $19.8 million, or $0.56 per diluted share, for the first quarter of 2022 compared to $19.4 million, or $0.55 per diluted share, for the fourth quarter of 2021 and $25.3 million, or $0.7...

2 years ago - PRNewsWire

HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2021 RESULTS AND DECLARES REGULAR CASH DIVIDEND

OLYMPIA, Wash., Jan. 27, 2022 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ GS: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank ("Bank"), today reported net income of...

2 years ago - PRNewsWire

Heritage Financial Corporation Appoints Trevor Dryer and Gail Giacobbe to its Board of Directors

OLYMPIA, Wash., Nov. 9, 2021 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ: HFWA), is pleased to announce the appointment of Trevor Dryer and Gail Giacobbe to its Board of Direct...

2 years ago - PRNewsWire

Heritage Financial Announces Third Quarter 2021 Results And Declares Regular Cash Dividend

OLYMPIA, Wash., Oct. 21, 2021 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ GS: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank ("Bank"), today reported that the Comp...

2 years ago - PRNewsWire

3 Stocks With Low 12-Month and Forward PEG Ratios

When looking for bargain opportunities, investors may want to consider the three securities listed below, as they look underestimated by the market. Their trailing 12-month and forward price-earnings ...

Other symbols: PRIMSASR
2 years ago - GuruFocus