Heritage Financial Corp. (HFWA)
NASDAQ:HFWA
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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
$1.12B
Enterprise Value$869.23M
Total Cash (Recent Filing)$660.11M
Total Debt (Recent Filing)$42.35M
Price to Earnings (P/E)13.3
Beta0.71
Next Earnings
Jul 23, 2026EPS Estimate
0.45Next Dividend Ex-DateN/A
Dividend Yield3.91%
Share Statistics
EPS (TTM)0.48
Shares Outstanding41,131,100
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 Cap0.77
Enterprise Value/Revenue2.59
Enterprise Value/Gross Profit3.57
Enterprise Value/Ebitda10.91
Forecast
1Y Price Target
$31.00Price Target Upside12.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.19
Revenue Forecast (FY)$346.44M
Bulls Say, Bears Say
Bulls Say
Merger-driven ScaleThe Olympic acquisition materially increases Heritage's scale in the Puget Sound market, expanding the deposit and loan base. Greater scale supports more stable funding, higher cross-sell potential, and better operating leverage once system conversion and cost synergies are realized over the next several quarters.
Net Interest Margin ExpansionSustained NIM expansion reflects higher loan and investment yields alongside lower deposit costs. Management targets ~4.0% NIM by year-end, implying durable uplift to core earnings if rate and deposit dynamics persist and acquired assets continue to reprice at current yields over the coming quarters.
Strong Credit MetricsVery low nonaccruals and annualized charge-offs indicate disciplined underwriting and portfolio resilience, which support stable loan income and lower provisions. This credit strength reduces downside risk to earnings across economic cycles and complements growth from recent acquisition activity.
Bears Say
Elevated Merger-related ExpenseIntegration and conversion costs will keep operating expenses elevated for multiple quarters, pressuring efficiency ratios and near-term profitability. Until synergies and conversion savings are realized after system conversion, higher recurring expense levels could weigh on ROE and free cash flow.
Reduced Tangible Common EquityThe acquisition lowered TCE, tightening capital buffers and limiting flexibility for share repurchases or larger dividend increases. Management must actively manage capital which could constrain capital returns or require issuance if organic capital generation lags, affecting strategic optionality.
Weaker Cash-flow MomentumAlthough FCF remained positive, a sharp year-over-year decline signals higher variability in cash generation. Weaker cash-flow momentum limits excess capital for buybacks, investments, or faster balance-sheet repair and increases sensitivity to margin or loan growth misses over the next several quarters.
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 $1.12B.
When is Heritage Financial Corp.’s upcoming earnings report date?
Heritage Financial Corp.’s upcoming earnings report date is Jul 23, 2026 which is in 84 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 41,131,100 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 1.335%.
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$31.00 (12.77% Upside)
$31.00 (12.77% 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 $176.4K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.79%
12-Months-Change
Fundamentals
Return on Equity
7.58%
Trailing 12-Months
Asset Growth
-1.96%
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
$31.00
▲(12.77% Upside)
Technical Analysis
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Ownership Overview
1.46% Insiders
24.61% Mutual Funds
0.88% Other Institutional Investors
50.05% Public Companies and
Individual Investors