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Heritage Financial Corp. (HFWA)
NASDAQ:HFWA
HFWA Stock Chart & Stats
$25.09
-$0.04(-0.17%)
At close: 4:00 PM EST
$25.09
-$0.04(-0.17%)
Day’s Range― - ―
52-Week Range$19.84 - $28.98
Previous CloseN/A
Volume22.26K
Average Volume (3M)200.76K
Market Cap
$1.03B
Enterprise Value$842.76M
Total Cash (Recent Filing)$660.11M
Total Debt (Recent Filing)$42.35M
Price to Earnings (P/E)9.0
Beta0.71
Next Earnings
Apr 16, 2026EPS Estimate
0.31Next Dividend Ex-DateN/A
Dividend Yield3.91%
Share Statistics
EPS (TTM)0.65
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 Cap0.82
Enterprise Value/Revenue2.51
Enterprise Value/Gross Profit3.46
Enterprise Value/Ebitda10.58
Forecast
1Y Price Target
$31.75Price Target Upside26.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)2.15
Revenue Forecast (FY)$333.16M
Bulls Say, Bears Say
Bulls Say
Improved Balance Sheet And Materially Lower LeverageA sharply de‑levered balance sheet and stronger tangible common equity provide lasting resilience against stress, support regulatory flexibility, and increase capacity for lending, dividends, or targeted M&A without relying on high borrowings. That structural improvement raises long‑term optionality and reduces capital strain.
Deposit Growth And Lower Funding CostsSustained deposit inflows and declining deposit costs strengthen franchise funding, lower long‑run funding expense, and support stable net interest margin through cycles. Durable low‑cost core deposits improve funding stability and enable loan growth without costly wholesale borrowing.
Completed Acquisition Expands Regional FranchiseClosing the Olympic Bancorp deal structurally enlarges the branch network, customer base and low‑cost deposit pool in the Puget Sound region, improving scale and cross‑sell potential. Over time added scale can drive revenue synergies and more efficient fixed‑cost absorption.
Bears Say
Weaker Free Cash Flow MomentumA large decline and higher variability in free cash flow reduces durable internal funding for capital returns, loan growth, and integration costs. Persistent FCF weakness constrains flexibility for buybacks, acquisitions, or capital cushions, increasing reliance on balance sheet actions or slower growth pacing.
Material Merger Costs And Integration/fair‑value UncertaintyPlanned integration expenses and fair‑value adjustments will pressure near‑term earnings and capital ratios, potentially limiting discretionary actions. Execution risk and one‑time costs create multi‑quarter headwinds to efficiency and complicate capital planning despite long‑term strategic benefits.
Rising Substandard Loans And Softer Origination TrendsAn uptick in substandard and downgraded C&I relationships signals concentrated credit pressure that can persist through cycles, raising monitoring and reserve needs. Coupled with softer new loan commitments and elevated prepayments, this can slow durable earning asset growth and increase credit volatility.
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 $28.98 in the past 12 months.
What is Heritage Financial Corp.’s market cap?
Heritage Financial Corp.’s market cap is $1.03B.
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 34 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 0.31.
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 $0.65 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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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$31.75 (26.54% Upside)
$31.75 (26.54% 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 $226.7K 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
7.51%
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
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
$31.75
▲(26.54% Upside)
Technical Analysis
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Ownership Overview
1.67% Insiders
29.92% Mutual Funds
20.29% Other Institutional Investors
23.45% Public Companies and
Individual Investors