Heritage Financial Announces New CEO Appointment

An update from Heritage Financial ( (HFWA) ) is now available.

On May 6, 2025, Heritage Financial Corporation announced the completion of its CEO succession plan, with Bryan D. McDonald assuming the roles of President and CEO of both the company and Heritage Bank. This transition follows the retirement of Jeffrey J. Deuel, who will continue in an advisory role until 2027. The appointment aims to ensure a seamless leadership transition, enhancing shareholder value and maintaining the company’s focus on quality customer service and community support.

Spark’s Take on HFWA Stock

According to Spark, TipRanks’ AI Analyst, HFWA is a Neutral.

Heritage Financial’s stock score reflects a stable financial position with a strong balance sheet, but challenges in revenue growth and profitability persist. Technical indicators point to a bearish trend, and valuation metrics suggest the stock is fairly valued. The earnings call highlights both strategic improvements and risks.

To see Spark’s full report on HFWA stock, click here.

More about Heritage Financial

Heritage Financial Corporation is a bank holding company based in Olympia, Washington, with Heritage Bank as its sole wholly-owned banking subsidiary. Heritage Bank operates a network of 51 banking offices across Washington, Oregon, and Idaho, and also conducts business under the Whidbey Island Bank name on Whidbey Island. The company’s stock is traded on the Nasdaq Global Select Market under the symbol ‘HFWA.’

Average Trading Volume: 292,650

Technical Sentiment Signal: Buy

Current Market Cap: $801.5M

Learn more about HFWA stock on TipRanks’ Stock Analysis page.