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Heritage Financial ( (HFWA) ) has issued an update.
On December 18, 2025, Heritage Financial Corporation’s board approved the appointment of Scott T. Allan, an experienced executive and board member with a background spanning engineering, consulting, venture-backed startups, and consumer brands, to its board of directors and to the board of Heritage Bank, effective January 1, 2026. Allan, who currently is a partner at Cascade Growth Partners and previously led Hydro Flask as CEO and held senior roles at Helen of Troy and several technology companies, will serve as an independent director on Heritage’s Audit and Risk and Technology Committees, reinforcing the bank’s governance, strategic oversight, and technology and risk capabilities as it pursues long-term, relationship-focused growth in its Pacific Northwest markets.
The most recent analyst rating on (HFWA) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Heritage Financial stock, see the HFWA Stock Forecast page.
Spark’s Take on HFWA Stock
According to Spark, TipRanks’ AI Analyst, HFWA is a Outperform.
Heritage Financial’s overall score is driven by strong financial performance and positive corporate events, including a strategic merger. Technical indicators support a bullish outlook, while valuation remains reasonable. The earnings call further reinforces the company’s growth potential.
To see Spark’s full report on HFWA stock, click here.
More about Heritage Financial
Heritage Financial Corporation is an Olympia, Washington-based bank holding company whose sole wholly owned subsidiary is Heritage Bank, a full‑service commercial bank operating 51 branches across Washington and Oregon, including under the Whidbey Island Bank name on Whidbey Island. The company focuses on relationship-driven commercial banking services in its regional markets and is listed on the Nasdaq Global Select Market under the symbol HFWA.
Average Trading Volume: 179,554
Technical Sentiment Signal: Strong Buy
Current Market Cap: $871.7M
See more insights into HFWA stock on TipRanks’ Stock Analysis page.