Heritage Financial Corporation (HFWA)
| Market Cap | 627.26M |
| Revenue (ttm) | 239.54M |
| Net Income (ttm) | 61.76M |
| Shares Out | 34.91M |
| EPS (ttm) | 1.75 |
| PE Ratio | 10.34 |
| Forward PE | 10.37 |
| Dividend | $0.92 (5.09%) |
| Ex-Dividend Date | Feb 7, 2024 |
| Volume | 19,708 |
| Open | 17.98 |
| Previous Close | 18.09 |
| Day's Range | 17.98 - 18.39 |
| 52-Week Range | 14.85 - 22.55 |
| Beta | 0.55 |
| Analysts | Buy |
| Price Target | 22.33 (+23.51%) |
| 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]
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 StatementsAnalyst 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 23.51% from the latest price.
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...
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...
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 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 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 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...
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...
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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...
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...
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...
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...
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.
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)
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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...
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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...
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 ...
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...
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...
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...
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...
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...
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