Heritage Financial Corporation (HFWA)

Heritage Financial Stock Forecast

Stock Price Forecast

The 4 analysts that cover Heritage Financial stock have a consensus rating of "Buy" and an average price target of $31.25, which forecasts a 12.37% increase in the stock price over the next year. The lowest target is $28 and the highest is $35.

Price Target: $31.25 (+12.37%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$28	$31.25	$32	$35
Change	+0.68%	+12.37%	+15.07%	+25.85%

Analyst Ratings

The average analyst rating for Heritage Financial stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Clark Piper Sandler	Piper Sandler	Buy Maintains $33 → $35	Buy	Maintains	$33 → $35	+25.85%	Feb 5, 2026
Gordon McGuire Stephens & Co.	Stephens & Co.	Hold Maintains $28 → $30	Hold	Maintains	$28 → $30	+7.87%	Jan 26, 2026
Jeff Rulis DA Davidson	DA Davidson	Strong Buy Maintains $29 → $32	Strong Buy	Maintains	$29 → $32	+15.07%	Jan 23, 2026
Jeff Rulis DA Davidson	DA Davidson	Strong Buy Maintains $28 → $29	Strong Buy	Maintains	$28 → $29	+4.28%	Sep 29, 2025
Kelly Motta Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $26 → $28	Hold	Maintains	$26 → $28	+0.68%	Sep 29, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

339.66M

Increased by 39.11%

from 244.17M

Revenue Next Year

364.57M

Increased by 7.33%

from 339.66M

EPS This Year

2.14

Increased by 9.08%

from 1.96

EPS Next Year

2.86

Increased by 33.91%

from 2.14

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	269.78M	250.40M	239.54M	210.56M	244.17M	339.66M	364.57M
Revenue Growth	33.47%	-7.18%	-4.34%	-12.10%	15.96%	39.11%	7.33%
EPS	2.73	2.31	1.75	1.24	1.96	2.14	2.86
EPS Growth	111.63%	-15.38%	-24.24%	-29.14%	58.07%	9.08%	33.91%
Forward PE	-	-	-	-	-	13.01	9.71
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	367.8M	402.6M
Avg	339.7M	364.6M
Low	265.5M	279.8M

Revenue Growth

Revenue Growth	2026	2027
High	50.6%	18.5%
Avg	39.1%	7.3%
Low	8.7%	-17.6%

EPS Forecast

EPS	2026	2027
High	2.63	3.18
Avg	2.14	2.86
Low	1.71	2.50

EPS Growth

EPS Growth	2026	2027
High	33.9%	48.8%
Avg	9.1%	33.9%
Low	-13.0%	16.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.