Heritage Financial Corporation (HFWA)

Heritage Financial Stock Forecast

Stock Price Forecast

The 3 analysts that cover Heritage Financial stock have a consensus rating of "Hold" and an average price target of $27.67, which forecasts a 13.40% increase in the stock price over the next year. The lowest target is $26 and the highest is $31.

Price Target: $27.67 (+13.40%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$26	$27.67	$26	$31
Change	+6.56%	+13.40%	+6.56%	+27.05%

* Price targets were last updated on Apr 28, 2025.

Analyst Ratings

The average analyst rating for Heritage Financial stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	3	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Clark Piper Sandler	Piper Sandler	Buy Maintains $34 → $31	Buy	Maintains	$34 → $31	+27.05%	Apr 28, 2025
Kelly Motta Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $27 → $26	Hold	Maintains	$27 → $26	+6.56%	Apr 28, 2025
Gordon McGuire Stephens & Co.	Stephens & Co.	Hold Maintains $24 → $26	Hold	Maintains	$24 → $26	+6.56%	Oct 29, 2024
Matthew Clark Piper Sandler	Piper Sandler	Buy Maintains $27 → $28	Buy	Maintains	$27 → $28	+14.75%	Oct 28, 2024
Matthew Clark Piper Sandler	Piper Sandler	Buy Maintains $23 → $26	Buy	Maintains	$23 → $26	+6.56%	Jul 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

256.94M

Increased by 22.03%

from 210.56M

Revenue Next Year

281.29M

Increased by 9.48%

from 256.94M

EPS This Year

1.89

Increased by 52.48%

from 1.24

EPS Next Year

2.36

Increased by 24.73%

from 1.89

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	202.12M	269.78M	250.40M	239.54M	210.56M	256.94M	281.29M	288.46M
Revenue Growth	-11.29%	33.47%	-7.18%	-4.34%	-12.10%	22.03%	9.48%	2.55%
EPS	1.29	2.73	2.31	1.75	1.24	1.89	2.36	2.44
EPS Growth	-29.51%	111.63%	-15.38%	-24.24%	-29.14%	52.48%	24.73%	3.50%
Forward PE	-	-	-	-	-	12.90	10.35	10.00
No. Analysts	-	-	-	-	-	8	8	3

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

Revenue Forecast

Revenue	2025	2026	2027
High	269.5M	291.3M	297.0M
Avg	256.9M	281.3M	288.5M
Low	240.3M	268.2M	277.2M

Revenue Growth

Revenue Growth	2025	2026	2027
High	28.0%	13.4%	5.6%
Avg	22.0%	9.5%	2.5%
Low	14.1%	4.4%	-1.5%

EPS Forecast

EPS	2025	2026	2027
High	2.00	2.57	2.51
Avg	1.89	2.36	2.44
Low	1.75	2.18	2.35

EPS Growth

EPS Growth	2025	2026	2027
High	61.1%	36.1%	6.5%
Avg	52.5%	24.7%	3.5%
Low	41.5%	15.2%	-0.6%

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.