Heritage Financial Corporation (HFWA)

Heritage Financial Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, Heritage Financial stock has a consensus rating of "Hold" and an average price target of $30.6. The average 1-year stock price forecast is 11.92% higher than the current stock price, while the lowest is $30 (+9.73%) and the highest is $32 (+17.04%).

Price Target: $30.6 (+11.92%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$30	$30.6	$30	$32
Change	+9.73%	+11.92%	+9.73%	+17.04%

* Price targets were last updated on Apr 27, 2026.

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	Nov '25	Dec '25	Jan '26	Feb '26	Apr '26	May '26
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	4	4	3	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	5	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Clark Piper Sandler	Piper Sandler	Buy Maintains $34 → $32	Buy	Maintains	$34 → $32	+17.04%	Apr 27, 2026
Andrew Terrell Stephens	Stephens	Hold Maintains $30	Hold	Maintains	$30	+9.73%	Feb 5, 2026
Kelly Motta KBW	KBW	Hold Maintains $28 → $30	Hold	Maintains	$28 → $30	+9.73%	Jan 26, 2026
Jeff Rulis D.A. Davidson	D.A. Davidson	Buy Reiterates $32	Buy	Reiterates	$32	+17.04%	Jan 23, 2026

Financial Forecast

Revenue This Year

342.88M

Increased by 40.43%

from 244.17M

Revenue Next Year

373.03M

Increased by 8.79%

from 342.88M

EPS This Year

2.28

Increased by 16.48%

from 1.96

EPS Next Year

2.89

Increased by 26.65%

from 2.28

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	342.88M	373.03M
Revenue Growth	33.47%	-7.18%	-4.34%	-12.10%	15.96%	40.43%	8.79%
EPS	2.73	2.31	1.75	1.24	1.96	2.28	2.89
EPS Growth	111.63%	-15.38%	-24.24%	-29.14%	58.07%	16.48%	26.65%
Forward PE	-	-	-	-	-	11.98	9.46
No. Analysts	-	-	-	-	-	8	8

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

Revenue Forecast

Revenue	2026	2027
High	367.0M	398.9M
Avg	342.9M	373.0M
Low	299.7M	322.4M

Revenue Growth

Revenue Growth	2026	2027
High	50.3%	16.3%
Avg	40.4%	8.8%
Low	22.7%	-6.0%

EPS Forecast

EPS	2026	2027
High	2.57	3.10
Avg	2.28	2.89
Low	1.92	2.65

EPS Growth

EPS Growth	2026	2027
High	31.3%	35.6%
Avg	16.5%	26.7%
Low	-2.0%	15.9%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.