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Heritage Financial Corp. (HFWA)
NASDAQ:HFWA
HFWA Stock Chart & Stats
$26.52
-$0.04(-0.17%)
At close: 4:00 PM EST
$26.52
-$0.04(-0.17%)
Day’s Range― - ―
52-Week Range$19.84 - $28.35
Previous CloseN/A
Volume22.26K
Average Volume (3M)200.76K
Market Cap
$920.57M
Enterprise Value$910.33M
Total Cash (Recent Filing)$807.37M
Total Debt (Recent Filing)$160.28M
Price to Earnings (P/E)13.5
Beta0.64
Next Earnings
Apr 16, 2026EPS Estimate
0.33Next Dividend Ex-DateN/A
Dividend Yield3.91%
Share Statistics
EPS (TTM)0.65
Shares Outstanding33,956,738
10 Day Avg. Volume243,114
30 Day Avg. Volume200,762
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)0.98
Price to Sales (P/S)2.66
P/FCF Ratio13.84
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue2.75
Enterprise Value/Gross Profit3.91
Enterprise Value/Ebitda12.70
Forecast
1Y Price Target
$30.75Price Target Upside15.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Strong Free Cash FlowVery strong free cash flow growth indicates durable cash generation that supports dividends, organic loan growth, and deal funding. Persistent FCF provides flexibility for capital allocation, buffers during credit cycles, and underpins sustainable shareholder returns over the medium term.
Prudent Capital & Low LeverageLow leverage and solid tangible common equity provide a strong capital foundation to absorb loan losses, fund lending expansion, and execute M&A. This structural capital strength supports long-term franchise credibility with regulators and counterparties.
NIM Expansion & Deposit ImprovementRising net interest margin coupled with deposit inflows and lower funding costs points to sustainable net interest income improvement. Asset repricing and cheaper deposits are structural drivers that should support margins and core profitability over the coming quarters.
Bears Say
Share Dilution From All-stock DealIssuing ~7.17M shares is a lasting shareholder dilution that reduces EPS and per-share metrics. While the acquisition expands the franchise, dilution constrains per-share accretion and complicates long-term capital allocation until the deal’s earnings lift fully materializes.
Material Merger Integration CostsSignificant, multi-quarter merger costs and elevated near-term run-rates will pressure reported efficiency and profitability. Prolonged integration expenses can slow operating leverage improvement and limit capital available for lending or buybacks during integration.
Rising Asset-quality PressureA meaningful sequential uptick in substandard loans and C&I downgrades signals emerging credit risk that can erode margins and require higher provisions. Combined with declining ROE trends, this can constrain sustainable profitability and capital deployment until asset quality stabilizes.
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 $19.84 and its highest was $28.35 in the past 12 months.
What is Heritage Financial Corp.’s market cap?
Heritage Financial Corp.’s market cap is $920.57M.
When is Heritage Financial Corp.’s upcoming earnings report date?
Heritage Financial Corp.’s upcoming earnings report date is Apr 16, 2026 which is in 70 days.
How were Heritage Financial Corp.’s earnings last quarter?
Heritage Financial Corp. released its earnings results on Jan 22, 2026. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09.
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 0.33.
How many shares outstanding does Heritage Financial Corp. have?
Heritage Financial Corp. has 33,956,738 shares outstanding.
What happened to Heritage Financial Corp.’s price movement after its last earnings report?
Heritage Financial Corp. reported an EPS of $0.65 in its last earnings report, beating expectations of $0.56. Following the earnings report the stock price went up 7.161%.
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
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$30.75 (15.95% Upside)
$30.75 (15.95% Upside)
Blogger Sentiment
Neutral
HFWA Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 557.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $328.8K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.79%
12-Months-Change
Fundamentals
Return on Equity
6.43%
Trailing 12-Months
Asset Growth
-1.98%
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed solid underlying performance: higher adjusted EPS, improved ROA, expanding NIM, strong deposit growth, materially lower borrowings, and continued low credit losses. Management highlighted near-term headwinds including elevated prepayments/payoffs, softer origination yields, increased substandard loans (manageable), and significant merger-related expenses and integration/fair-value uncertainty. The pending Olympic Bancorp acquisition is presented as accretive over time and a growth enabler. Overall, the positives (profitability, margin expansion, deposit growth, strong credit metrics, and strategic merger) outweigh the transitory and manageable negatives (loan production softness, certain credit downgrades, and merger costs).View all HFWA earnings summariesHFWA Stock 12 Month Forecast
Average Price Target
$30.75
▲(15.95% Upside)
Technical Analysis
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Ownership Overview
1.70% Insiders
30.20% Mutual Funds
0.09% Other Institutional Investors
43.56% Public Companies and
Individual Investors