Heritage Financial price target raised to $28 from $27 at Piper Sandler

Piper Sandler raised the firm’s price target on Heritage Financial (HFWA) to $28 from $27 and keeps an Overweight rating on the shares following quarterly results. The firm also trimmed its reported 2024 EPS to $1.35 from $1.41 and raised its 2025 EPS to $1.86 from $1.78 due to better net interest income partially offset by higher NIE and LLP.