Heritage Financial Corp. (HFWA)
NASDAQ:HFWA
Want to see HFWA full AI Analyst Report?
HFWA Stock Chart & Stats
$27.49
-$0.04(-0.17%)
At close: 4:00 PM EST
$27.49
-$0.04(-0.17%)
Day’s Range― - ―
52-Week Range$21.32 - $28.98
Previous CloseN/A
Volume22.26K
Average Volume (3M)200.76K
Market Cap
$1.10B
Enterprise Value$867.87M
Total Cash (Recent Filing)$1.10B
Total Debt (Recent Filing)$42.42M
Price to Earnings (P/E)13.3
Beta0.73
Next Earnings
Jul 16, 2026EPS Estimate
0.45Next Dividend Ex-DateN/A
Dividend Yield3.91%
Share Statistics
EPS (TTM)2.06
Shares Outstanding41,218,820
10 Day Avg. Volume243,114
30 Day Avg. Volume200,762
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.87
Price to Sales (P/S)2.39
P/FCF Ratio9.38
Enterprise Value/Market Cap0.79
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit3.28
Enterprise Value/Ebitda10.19
Forecast
1Y Price Target
$32.00Price Target Upside16.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.19
Revenue Forecast (FY)$346.44M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage and materially higher equity provide durable loss-absorbing capacity and funding flexibility. That conservatism supports resilience through credit cycles, underpins regulatory standing, and permits disciplined lending and capital allocation over the next several quarters.
Strong Credit MetricsVery low nonaccruals and negligible annualized charge-offs indicate high underwriting quality and effective risk management. Persistently strong credit performance preserves capital, sustains net interest income, and supports steady lending capacity even if macro headwinds emerge over the medium term.
Scale And NIM Uplift From MergerThe Olympic acquisition materially increases market share in Puget Sound and deposit funding. Acquired assets at current yields aided NIM expansion; higher scale should enable cost efficiencies post-integration and support mid-single-digit loan growth and sustainable margin improvement.
Bears Say
Elevated Merger-related ExpensesSustained higher noninterest expense through integration will compress operating leverage and near-term profitability, reducing free cash flow and damping ROE until synergies and cost reductions are realized. This limits capital return flexibility over the next several quarters.
Tangible Common Equity DeclineAcquisition-related capital dilution lowers the tangible common equity buffer, constraining capital management choices like buybacks and aggressive lending. Management must rebuild or prudently manage capital, which can restrain growth or shareholder returns in medium term.
CRE Concentration Above GuidanceA CRE concentration slightly above regulatory guidance raises portfolio and regulatory risk if commercial real estate weakens. It could force tighter underwriting, higher reserves, or slower CRE lending, limiting revenue mix flexibility and potentially pressuring capital ratios over time.
Heritage Financial News
HFWA FAQ
What was Heritage Financial Corp.’s price range in the past 12 months?
Heritage Financial Corp. lowest stock price was $21.32 and its highest was $28.98 in the past 12 months.
What is Heritage Financial Corp.’s market cap?
Heritage Financial Corp.’s market cap is $1.10B.
When is Heritage Financial Corp.’s upcoming earnings report date?
Heritage Financial Corp.’s upcoming earnings report date is Jul 16, 2026 which is in 56 days.
How were Heritage Financial Corp.’s earnings last quarter?
Heritage Financial Corp. released its earnings results on Apr 23, 2026. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.313 by $0.167.
Is Heritage Financial Corp. overvalued?
According to Wall Street analysts Heritage Financial Corp.’s price is currently Undervalued.
Does Heritage Financial Corp. pay dividends?
Heritage Financial Corp. pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 3.91%. See more information on Heritage Financial Corp. dividends here
What is Heritage Financial Corp.’s EPS estimate?
Heritage Financial Corp.’s EPS estimate is 0.45.
How many shares outstanding does Heritage Financial Corp. have?
Heritage Financial Corp. has 41,218,820 shares outstanding.
What happened to Heritage Financial Corp.’s price movement after its last earnings report?
Heritage Financial Corp. reported an EPS of $0.48 in its last earnings report, beating expectations of $0.313. Following the earnings report the stock price went up 1.336%.
Which hedge fund is a major shareholder of Heritage Financial Corp.?
Currently, no hedge funds are holding shares in HFWA
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Heritage Financial Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$32.00 (16.41% Upside)
$32.00 (16.41% Upside)
Blogger Sentiment
Neutral
HFWA Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 336.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $150.1K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.79%
12-Months-Change
Fundamentals
Return on Equity
7.58%
Trailing 12-Months
Asset Growth
19.19%
Trailing 12-Months
Company Description
Heritage Financial Corp.
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
HFWA Company Deck
HFWA Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a largely constructive message: the completed Olympic Bancorp merger meaningfully increased scale (loans, deposits, yields) and drove NIM expansion while credit quality remained strong. Key near-term negatives are elevated merger-related expenses, a decrease in TCE, deposit softness excluding the acquisition, and some sector watch points in C&I and CRE. Management provided clear integration and expense guidance, expects margin progression toward ~4%, and sees a growing loan pipeline supporting mid-single-digit growth. Overall, positives (merger benefits, margin improvement, stable credit metrics, pipeline strength) outweigh the near-term expense and capital pressures.View all HFWA earnings summariesHFWA Stock 12 Month Forecast
Average Price Target
$32.00
▲(16.41% Upside)
Technical Analysis
Capitol Federal Financial
―
Central Pacific Financial
―
Horizon Bancorp
―
Metropolitan Bank Holding
―
Amalgamated Bank
―
Ownership Overview
1.27% Insiders
24.55% Mutual Funds
17.75% Other Institutional Investors
32.96% Public Companies and
Individual Investors