HFWA
Heritage Financial Corporation
Price Chart
Latest Quote
$28.98
+0.25 (+0.87%)
Current Price
| Previous Close | $28.73 |
| Open | $28.73 |
| Day High | $29.13 |
| Day Low | $28.65 |
| Volume | 203,554 |
Stock Information
| Quarterly Dividend / Yield | $0.96 / 3.34% |
| Shares Outstanding | 41.22M |
| Quarterly Dividend Yield | 3.34% |
| Quarterly Dividend | $0.96 |
| Total Debt | $59.05M |
| Cash Equivalents | $284.77M |
| Revenue | $265.58M |
| Net Income | $72.57M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $1.19B |
| P/E Ratio | 14.21 |
| EPS (TTM) | $2.04 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $958.50M |
| Sales | $265.58M |
| Income | $72.57M |
| Book/sh | $27.05 |
| Cash/sh | $6.91 |
| Employees | 905 |
Financial Ratios
| EPS Growth TTM | 36.20% |
Returns & Margins
| ROA | 0.93% |
| ROE | 7.27% |
| Operating Margin | 32.29% |
| Profit Margin | 27.32% |
Ownership
| Insider Ownership | 1.45% |
| Institutional Ownership | 80.86% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 10.37 |
| PEG | 2.13 |
| P/S | 4.50 |
| P/B | 1.07 |
Analyst Data
| Recommendation | buy |
| Target Price | $30.60 |
Technical Indicators
| SMA20 | $27.95 |
| SMA50 | $27.38 |
| SMA200 | $25.15 |
| RSI | 71.48 |
| ATR | 0.7079 |
| Shares Float | 40.55M |
| Short Float | 6.98% |
| Short Ratio | 10.73 |
| Volatility | 0.51 |
| Rel Volume | 0.75 |
Performance History
| Week | +2.58% |
| Month | +6.62% |
| Quarter | +14.83% |
| 6 Months | +18.46% |
| YTD | +24.50% |
| Year | +28.98% |
| 3 Years | +89.15% |
| 5 Years | +28.21% |
| 10 Years | +150.37% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $28.98 | 203,554 |
| 2026-06-23 | $28.73 | 256,700 |
| 2026-06-22 | $28.08 | 265,400 |
| 2026-06-18 | $27.92 | 479,300 |
| 2026-06-17 | $27.52 | 408,800 |
| 2026-06-16 | $28.25 | 399,700 |
| 2026-06-15 | $28.44 | 236,200 |
| 2026-06-12 | $29.04 | 223,000 |
| 2026-06-11 | $28.82 | 273,700 |
| 2026-06-10 | $28.72 | 276,200 |
| 2026-06-09 | $28.34 | 242,400 |
| 2026-06-08 | $27.91 | 194,000 |
| 2026-06-05 | $27.78 | 206,300 |
| 2026-06-04 | $27.62 | 255,400 |
| 2026-06-03 | $26.69 | 249,400 |
| 2026-06-02 | $27.42 | 225,600 |
| 2026-06-01 | $27.10 | 388,300 |
| 2026-05-29 | $27.25 | 312,200 |
| 2026-05-28 | $27.34 | 195,300 |
| 2026-05-27 | $27.08 | 172,700 |
| 2026-05-26 | $27.61 | 229,300 |
About Heritage Financial Corporation
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It 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. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. 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.
đ° Latest News
Undervalued Stock Opportunities Based On Market Estimates In June 2026
Simply Wall St. âĸ 2026-06-09T17:38:32Z
Heritage Financial Filed an Insider Sale. The Form 4 provides the context
Motley Fool âĸ 2026-05-10T13:24:01Z
Is Heritage Financialâs Stronger Q1 Earnings And Dividend Commitment Altering The Investment Case For HFWA?
Simply Wall St. âĸ 2026-04-30T06:04:26Z
How The Heritage Financial (HFWA) Narrative Is Shifting With New Price Targets And Buybacks
Simply Wall St. âĸ 2026-04-27T04:26:06Z
Heritage Financial Corporation Just Recorded A 53% EPS Beat: Here's What Analysts Are Forecasting Next
Simply Wall St. âĸ 2026-04-26T12:14:42Z
Heritage Financial Corp (HFWA) Q1 2026 Earnings Call Highlights: Strategic Merger Boosts Growth ...
GuruFocus.com âĸ 2026-04-24T07:15:59ZHeritage Financial Corporation Q1 2026 Earnings Call Summary
Moby âĸ 2026-04-23T20:48:34Z
Heritage Financial Q1 Earnings Call Highlights
MarketBeat âĸ 2026-04-23T18:38:25Z
Compared to Estimates, Heritage Financial (HFWA) Q1 Earnings: A Look at Key Metrics
Zacks âĸ 2026-04-23T13:30:08Z
Heritage Financial (HFWA) Q1 Earnings Surpass Estimates
Zacks âĸ 2026-04-23T13:10:02Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $246,137,000 | $216,837,000 | $243,818,000 | $248,976,000 |
| Operating Revenue | $246,137,000 | $216,837,000 | $243,818,000 | $248,976,000 |
| Expenses | ||||
| Interest Expense | $89,831,000 | $100,348,000 | $59,310,000 | $8,072,000 |
| Selling And Marketing Expense | $1,251,000 | $988,000 | $1,930,000 | $1,643,000 |
| General And Administrative Expense | $107,230,000 | $101,787,000 | $103,395,000 | $94,107,000 |
| Professional Expense And Contract Services Expense | $4,258,000 | $2,515,000 | $4,227,000 | $2,497,000 |
| Other Non Interest Expense | $32,772,000 | $32,077,000 | $35,481,000 | $32,504,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Net Interest Income | $224,405,000 | $209,364,000 | $225,155,000 | $219,385,000 |
| Interest Income | $314,236,000 | $309,712,000 | $284,465,000 | $227,457,000 |
| Normalized Income | $67,525,128 | $41,972,944 | $61,753,306 | $81,488,828 |
| Net Income From Continuing And Discontinued Operation | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Net Income Common Stockholders | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Net Income | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Net Income Including Noncontrolling Interests | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Net Income Continuous Operations | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Pretax Income | $78,603,000 | $52,259,000 | $72,915,000 | $99,436,000 |
| Depreciation Amortization Depletion Income Statement | $1,174,000 | $1,640,000 | $2,434,000 | $2,750,000 |
| Depreciation And Amortization In Income Statement | $1,174,000 | $1,640,000 | $2,434,000 | $2,750,000 |
| Amortization Of Intangibles Income Statement | $1,174,000 | $1,640,000 | $2,434,000 | $2,750,000 |
| Per Share | ||||
| Diluted EPS | $1.96 | $1.24 | $1.75 | $2.31 |
| Basic EPS | $1.99 | $1.26 | $1.76 | $2.33 |
| Other | ||||
| Tax Effect Of Unusual Items | $1,128 | $266,944 | $306 | $82,828 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $8,000 | $1,552,000 | $2,000 | $469,000 |
| Total Unusual Items Excluding Goodwill | $8,000 | $1,552,000 | $2,000 | $469,000 |
| Reconciled Depreciation | $2,130,000 | $3,231,000 | $5,604,000 | $3,091,000 |
| Diluted Average Shares | $34,456,904 | $34,899,036 | $35,480,848 | $35,463,896 |
| Basic Average Shares | $33,996,149 | $34,465,323 | $35,480,848 | $35,103,465 |
| Diluted NI Availto Com Stockholders | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Tax Provision | $11,071,000 | $9,001,000 | $11,160,000 | $17,561,000 |
| Gain On Sale Of Security | $-10,741,000 | $-22,742,000 | $-12,231,000 | $-256,000 |
| Amortization | $1,174,000 | $1,640,000 | $2,434,000 | $2,750,000 |
| Selling General And Administration | $108,481,000 | $102,775,000 | $105,325,000 | $95,750,000 |
| Insurance And Claims | $3,207,000 | $3,260,000 | $3,312,000 | $2,015,000 |
| Salaries And Wages | $104,023,000 | $98,527,000 | $100,083,000 | $92,092,000 |
| Occupancy And Equipment | $18,881,000 | $19,289,000 | $19,156,000 | $17,465,000 |
| Other Gand A | - | - | - | - |
Fetched: 2026-06-19
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $678,586,000 | $619,435,000 | $607,529,000 | $549,727,000 |
| Total Assets | $6,967,350,000 | $7,106,278,000 | $7,174,957,000 | $6,980,100,000 |
| Goodwill And Other Intangible Assets | $242,918,000 | $244,092,000 | $245,732,000 | $248,166,000 |
| Other Intangible Assets | $1,979,000 | $3,153,000 | $4,793,000 | $7,227,000 |
| Receivables | $19,280,000 | $19,483,000 | $19,518,000 | $18,547,000 |
| Accounts Receivable | $19,280,000 | $19,483,000 | $19,518,000 | $18,547,000 |
| Cash And Cash Equivalents | $233,089,000 | $117,100,000 | $224,973,000 | $103,590,000 |
| Cash Financial | $52,587,000 | $58,821,000 | $55,851,000 | $74,295,000 |
| Cash Cash Equivalents And Federal Funds Sold | $233,089,000 | $117,100,000 | $224,973,000 | $103,590,000 |
| Prepaid Assets | - | - | - | $296,181,000 |
| Debt | ||||
| Total Debt | $42,350,000 | $405,058,000 | $521,765,000 | $21,473,000 |
| Long Term Debt And Capital Lease Obligation | $42,350,000 | $405,058,000 | $521,765,000 | $21,473,000 |
| Long Term Debt | $42,350,000 | $405,058,000 | $521,765,000 | $21,473,000 |
| Net Debt | - | $287,958,000 | $296,792,000 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $6,045,846,000 | $6,242,751,000 | $6,321,696,000 | $6,182,207,000 |
| Payables And Accrued Expenses | - | - | - | $189,297,000 |
| Equity | ||||
| Common Stock Equity | $921,504,000 | $863,527,000 | $853,261,000 | $797,893,000 |
| Total Equity Gross Minority Interest | $921,504,000 | $863,527,000 | $853,261,000 | $797,893,000 |
| Stockholders Equity | $921,504,000 | $863,527,000 | $853,261,000 | $797,893,000 |
| Gains Losses Not Affecting Retained Earnings | $-31,215,000 | $-55,244,000 | $-72,476,000 | $-99,850,000 |
| Other Equity Adjustments | $-31,215,000 | $-55,244,000 | $-72,476,000 | $-99,850,000 |
| Retained Earnings | $421,619,000 | $387,097,000 | $375,989,000 | $345,346,000 |
| Other | ||||
| Ordinary Shares Number | $33,963,500 | $33,990,827 | $34,906,233 | $35,106,697 |
| Share Issued | $33,963,500 | $33,990,827 | $34,906,233 | $35,106,697 |
| Tangible Book Value | $678,586,000 | $619,435,000 | $607,529,000 | $549,727,000 |
| Invested Capital | $963,854,000 | $1,268,585,000 | $1,375,026,000 | $819,366,000 |
| Total Capitalization | $963,854,000 | $1,268,585,000 | $1,375,026,000 | $819,366,000 |
| Capital Stock | $531,100,000 | $531,674,000 | $549,748,000 | $552,397,000 |
| Common Stock | $531,100,000 | $531,674,000 | $549,748,000 | $552,397,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Investments And Advances | $1,281,629,000 | $1,467,679,000 | $1,873,795,000 | $2,097,839,000 |
| Held To Maturity Securities | $674,107,000 | $703,285,000 | $739,442,000 | $766,396,000 |
| Available For Sale Securities | $73,087,000 | - | - | - |
| Goodwill | $240,939,000 | $240,939,000 | $240,939,000 | $240,939,000 |
| Net PPE | $74,690,000 | $71,580,000 | $74,899,000 | $76,930,000 |
| Accumulated Depreciation | $-44,542,000 | $-40,583,000 | $-36,133,000 | $-33,313,000 |
| Gross PPE | $119,232,000 | $112,163,000 | $111,032,000 | $110,243,000 |
| Machinery Furniture Equipment | $29,996,000 | $28,819,000 | $28,325,000 | $24,825,000 |
| Buildings And Improvements | $68,433,000 | $64,623,000 | $63,986,000 | $65,853,000 |
| Land And Improvements | $20,803,000 | $18,721,000 | $18,721,000 | $19,565,000 |
| Other Short Term Investments | $534,435,000 | $764,394,000 | $1,134,353,000 | $1,331,443,000 |
| Current Accrued Expenses | - | - | - | $189,297,000 |
Fetched: 2026-06-19
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $85,663,000 | $61,024,000 | $99,147,000 | $90,440,000 |
| Operating Activities | ||||
| Operating Cash Flow | $94,819,000 | $64,483,000 | $109,523,000 | $94,456,000 |
| Cash Flow From Continuing Operating Activities | $94,819,000 | $64,483,000 | $109,523,000 | $94,456,000 |
| Operating Gains Losses | $10,741,000 | $21,236,000 | $11,278,000 | $-846,000 |
| Investing Activities | ||||
| Capital Expenditure | $-9,156,000 | $-3,459,000 | $-10,376,000 | $-4,016,000 |
| Investing Cash Flow | $186,750,000 | $-85,903,000 | $-93,446,000 | $-1,207,779,000 |
| Cash Flow From Continuing Investing Activities | $186,750,000 | $-85,903,000 | $-93,446,000 | $-1,207,779,000 |
| Net Other Investing Changes | $-33,051,000 | $-24,165,000 | $-34,880,000 | $-15,187,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-5,517,000 | $-22,418,000 | $-6,974,000 | $-3,196,000 |
| Financing Cash Flow | $-165,580,000 | $-86,453,000 | $105,306,000 | $-506,379,000 |
| Cash Flow From Continuing Financing Activities | $-165,580,000 | $-86,453,000 | $105,306,000 | $-506,379,000 |
| Cash Dividends Paid | $-32,649,000 | $-31,776,000 | $-30,820,000 | $-29,491,000 |
| Common Stock Dividend Paid | $-32,649,000 | $-31,776,000 | $-30,820,000 | $-29,491,000 |
| Net Common Stock Issuance | $-5,517,000 | $-22,418,000 | $-6,974,000 | $-3,196,000 |
| Other | ||||
| Repayment Of Debt | $-899,400,000 | $-1,575,743,000 | $-1,389,700,000 | $-50,050,000 |
| Issuance Of Debt | $536,400,000 | $1,458,743,000 | $1,889,700,000 | $50,050,000 |
| Interest Paid Supplemental Data | $90,145,000 | $112,222,000 | $46,135,000 | $7,709,000 |
| Income Tax Paid Supplemental Data | $2,692,000 | $1,770,000 | $3,198,000 | $5,035,000 |
| End Cash Position | $233,089,000 | $117,100,000 | $224,973,000 | $103,590,000 |
| Beginning Cash Position | $117,100,000 | $224,973,000 | $103,590,000 | $1,723,292,000 |
| Changes In Cash | $115,989,000 | $-107,873,000 | $121,383,000 | $-1,619,702,000 |
| Common Stock Payments | $-5,517,000 | $-22,418,000 | $-6,974,000 | $-3,196,000 |
| Net Issuance Payments Of Debt | $-363,000,000 | $-117,000,000 | $500,000,000 | $0 |
| Net Long Term Debt Issuance | $-363,000,000 | $-117,000,000 | $500,000,000 | $0 |
| Long Term Debt Payments | $-899,400,000 | $-1,575,743,000 | $-1,389,700,000 | $-50,050,000 |
| Long Term Debt Issuance | $536,400,000 | $1,458,743,000 | $1,889,700,000 | $50,050,000 |
| Net Investment Purchase And Sale | $207,308,000 | $406,225,000 | $246,222,000 | $-963,533,000 |
| Sale Of Investment | $295,477,000 | $439,357,000 | $424,618,000 | $240,173,000 |
| Purchase Of Investment | $-88,169,000 | $-33,132,000 | $-178,396,000 | $-1,203,706,000 |
| Net Business Purchase And Sale | $0 | $0 | $-13,826,000 | $0 |
| Purchase Of Business | $0 | $0 | $-13,826,000 | $0 |
| Net PPE Purchase And Sale | $-9,104,000 | $-3,378,000 | $-10,298,000 | $-3,910,000 |
| Sale Of PPE | $52,000 | $81,000 | $78,000 | $106,000 |
| Purchase Of PPE | $-9,156,000 | $-3,459,000 | $-10,376,000 | $-4,016,000 |
| Other Non Cash Items | $788,000 | $-18,430,000 | $19,029,000 | $7,096,000 |
| Stock Based Compensation | $4,943,000 | $4,344,000 | $4,325,000 | $3,795,000 |
| Amortization Of Securities | $24,656,000 | $19,853,000 | $16,456,000 | - |
| Deferred Tax | $-17,939,000 | $-15,291,000 | $-13,204,000 | $871,000 |
| Deferred Income Tax | $-17,939,000 | $-15,291,000 | $-13,204,000 | $871,000 |
| Depreciation Amortization Depletion | $2,130,000 | $3,231,000 | $5,604,000 | $3,091,000 |
| Depreciation And Amortization | $2,130,000 | $3,231,000 | $5,604,000 | $3,091,000 |
| Amortization Cash Flow | $1,174,000 | $1,640,000 | $2,434,000 | $2,750,000 |
| Amortization Of Intangibles | $1,174,000 | $1,640,000 | $2,434,000 | $2,750,000 |
| Depreciation | $956,000 | $1,591,000 | $3,170,000 | $341,000 |
| Gain Loss On Investment Securities | $10,741,000 | $22,742,000 | $12,231,000 | $256,000 |
| Gain Loss On Sale Of Business | $0 | $0 | $-610,000 | $0 |
| Net Income From Continuing Operations | $67,532,000 | $43,258,000 | $61,755,000 | $81,875,000 |
| Proceeds From Stock Option Exercised | - | - | - | $0 |
| Asset Impairment Charge | - | - | - | - |
Fetched: 2026-06-19