Heritage Financial Corporation (HFWA)

Currency in USD
28.25
+0.04(+0.14%)
Closed·
28.250.00(0.00%)
·
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Fair Value
Day's Range
28.0128.31
52 wk Range
21.3231.25
Key Statistics
Prev. Close
28.21
Open
28.27
Day's Range
28.01-28.31
52 wk Range
21.32-31.25
Volume
189.06K
Average Volume (3m)
341.3K
1-Year Change
27.1377%
Book Value / Share
26.49
Fair Value
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Fair Value Upside
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HFWA Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
32.60
Upside
+15.40%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

Analyst Ratings

3 Buy
3 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 32.60
(+15.40% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Keefe, Bruyette & Woods
Hold33.00+16.81%32.00MaintainOct 26, 2026
Raymond James
Hold---MaintainOct 22, 2026
Brean Capital
Buy33.00+16.81%-UpgradeSep 22, 2026
Stephens
Hold32.00+13.27%30.00MaintainJul 28, 2026
Keefe, Bruyette & Woods
Hold32.00+13.27%31.00MaintainJul 27, 2026

Heritage Financial Corporation Earnings Call Summary for Q3/2026

  • Heritage Financial beat Q3 2026 estimates with EPS of $0.55 vs. $0.51 forecast; net interest margin expanded to 4.05% from 3.99% prior quarter.
  • Completed Kitsap Bank systems conversion in late September, reducing merger costs; Q4 expense run rate expected at $55M-$56M quarterly.
  • Loans grew $133M and deposits rose $148M in Q3; management projects mid-single-digit loan growth with $399M pipeline through next two quarters.
  • Non-accrual loans increased to $32M; board authorized 5% share buyback but repurchases may slow due to elevated CRE concentration levels.
  • Expects 2027 core expenses to rise from wage inflation and $2.5M spend on commercial banking system; margin expansion to continue on higher reinvestment yields.
Last Updated: 2026-10-22, 02:12 p/m
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Earnings

Latest Release
Oct 22, 2026
EPS / Forecast
0.55 / 0.51
Revenue / Forecast
86.51M / 86.11M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.01
Dividend Yield
3.54%
Industry Median 2.74%
Annualized payout
1.00
Paid quarterly
5-Years Growth
+3.93%
Growth Streak

HFWA Income Statement

Compare HFWA to Peers and Sector

Metrics to compare
HFWA
Peers
Sector
Relationship
P/E Ratio
14.8x11.0x9.2x
PEG Ratio
0.730.400.03
Price/Book
1.1x1.3x1.0x
Price / LTM Sales
3.6x3.5x2.8x
Upside (Analyst Target)
15.4%9.8%17.0%
Fair Value Upside
Unlock−1.9%3.5%Unlock

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.

Sector
Financial
Employees
744

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
18.70M46.08%528.22M
Other Institutional Investors
14.38M35.45%406.35M
Public Companies & Retail Investors
7.49M18.47%211.73M
Total
40.58M100.00%1.15B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.14.44%5,859,241165,524
Jennison Associates LLC8.82%3,580,467101,148

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FAQ

What Is the Heritage Financial Co (HFWA) Stock Price Today?

The Heritage Financial Co stock price today is 28.25 USD.

What Stock Exchange Does Heritage Financial Co Trade On?

Heritage Financial Co is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Heritage Financial Co?

The stock symbol for Heritage Financial Co is "HFWA."

Does Heritage Financial Co Pay Dividends? What’s The Current Dividend Yield?

The Heritage Financial Co dividend yield is 3.5%%.

What Is the Heritage Financial Co Market Cap?

As of today, Heritage Financial Co market cap is 1.14B USD.

What Is Heritage Financial Co's Earnings Per Share (TTM)?

The Heritage Financial Co EPS (TTM) is 2.01.

When Is the Next Heritage Financial Co Earnings Date?

Heritage Financial Co will release its next earnings report on Jan 28, 2027.

From a Technical Analysis Perspective, Is HFWA a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.

How Many Times Has Heritage Financial Co Stock Split?

Heritage Financial Co has split 1 times.

How Many Employees Does Heritage Financial Co Have?

Heritage Financial Co has 744 employees.

What is the current trading status of Heritage Financial Co (HFWA)?

As of Nov 14, 2026, Heritage Financial Co (HFWA) is trading at a price of 28.25 USD, with a previous close of 28.21 USD. The stock has fluctuated within a day range of 28.01 USD to 28.31 USD, while its 52-week range spans from 21.32 USD to 31.25 USD.

What Is Heritage Financial Co (HFWA) Price Target According to Analysts?

The average 12-month price target for Heritage Financial Co is 32.60 USD, with a high estimate of 34 USD and a low estimate of 31 USD. 3 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +15.40% Upside potential.
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