Heritage Financial Declares Early Quarterly Dividend Amid Merger

Heritage Financial ( (HFWA) ) has provided an update.

On January 16, 2026, Heritage Financial Corporation announced that its board declared a regular quarterly cash dividend of $0.24 per common share, to be paid on February 11, 2026, to shareholders of record as of January 28, 2026. The dividend was scheduled earlier than the company’s normal quarterly timetable in light of its anticipated merger with Olympic Bancorp, signaling continued shareholder payouts and suggesting management’s intent to maintain capital returns during the pending transaction, while also highlighting options for shareholders to receive dividends via direct deposit.

The most recent analyst rating on (HFWA) stock is a Hold with a $27.00 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.

The score is driven primarily by solid financial performance (strong cash generation and low leverage) and a constructive earnings update (EPS growth, higher net interest margin, and deposit growth). Valuation adds support via a reasonable P/E and ~4% dividend yield, while mixed technical signals (sub-20DMA and cautious momentum readings) temper the overall score.

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, and its shares trade on the Nasdaq Global Select Market under the symbol HFWA.

Average Trading Volume: 204,454

Technical Sentiment Signal: Strong Buy

Current Market Cap: $828.9M

For detailed information about HFWA stock, go to TipRanks’ Stock Analysis page.