HFWA
Heritage Financial Corporation NASDAQ Listed May 7, 1998$27.92
+1.45%
vs $27.52
Mkt Cap $960.6M
52w Low $21.47
85.2% of range
52w High $29.04
50d MA $27.39
200d MA $25.44
P/E (TTM)
14.2x
EV/EBITDA
4.1x
P/B
1.0x
Debt/Equity
0.1x
ROE
7.3%
P/FCF
11.2x
RSI (14)
56.10
ATR (14)
$0.68
Beta
0.48
50d MA
$27.39
200d MA
$25.44
Avg Volume
257.8K
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.
201 Fifth Avenue SW · Olympia, WA 98501 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 23, 2026 | AMC | 0.57 | 0.59 | +3.5% | 27.70 | -0.6% | -4.4% | +3.3% | +0.9% | -1.4% | +1.1% | — |
| Jan 22, 2026 | AMC | 0.57 | 0.66 | +15.8% | 28.14 | +0.7% | -5.5% | -0.9% | -1.4% | -3.0% | +1.1% | — |
| Oct 23, 2025 | AMC | 0.55 | 0.56 | +2.4% | 23.05 | +0.7% | +0.3% | -0.0% | +1.1% | -3.4% | -0.5% | — |
| Jul 24, 2025 | AMC | 0.50 | 0.53 | +6.7% | 23.25 | -0.1% | +0.8% | +0.2% | -0.6% | -2.7% | -0.8% | — |
| Apr 24, 2025 | AMC | 0.45 | 0.49 | +8.5% | 22.99 | -1.1% | -1.7% | +0.8% | +0.7% | -0.5% | +1.0% | — |
| Jan 23, 2025 | AMC | 0.45 | 0.51 | +13.3% | 24.85 | +0.4% | -0.8% | +3.7% | -1.2% | +0.9% | +0.3% | — |
| Oct 24, 2024 | AMC | 0.41 | 0.33 | -19.5% | 22.36 | +1.0% | -0.1% | +2.8% | +0.1% | +0.5% | -0.5% | — |
| Jul 25, 2024 | AMC | 0.40 | 0.41 | +2.5% | 22.98 | -0.8% | +0.6% | -2.4% | +2.7% | +0.0% | -1.8% | — |
| Apr 25, 2024 | AMC | 0.40 | 0.40 | +0.4% | 18.09 | -0.6% | -1.2% | -1.2% | +0.5% | +2.9% | +3.2% | — |
| Jan 25, 2024 | AMC | 0.45 | 0.47 | +3.7% | 20.58 | -0.5% | +0.0% | +0.6% | -2.0% | -0.6% | -5.1% | — |
| Oct 19, 2023 | AMC | 0.43 | 0.51 | +18.6% | 17.52 | +0.5% | -3.8% | -1.5% | -3.6% | -0.2% | +3.3% | — |
| Jul 20, 2023 | AMC | 0.48 | 0.48 | +0.0% | 18.40 | +0.9% | -4.8% | +4.0% | +0.3% | +2.7% | -1.8% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 27 | Piper Sandler | Maintains | Overweight → Overweight | — | $26.47 | $26.47 | +0.0% | +3.3% | +0.9% | -1.4% | +1.1% | +0.3% |
| Apr 2 | Piper Sandler | Maintains | Overweight → Overweight | — | $26.15 | $25.65 | -1.9% | -0.2% | +1.4% | +0.8% | +2.7% | +1.6% |
| Feb 5 | Piper Sandler | Maintains | Overweight → Overweight | — | $27.11 | $27.28 | +0.6% | +2.5% | +1.5% | -0.2% | -1.4% | +0.2% |
| Jan 26 | Stephens & Co. | Maintains | Equal Weight → Equal Weight | — | $26.58 | $26.56 | -0.1% | -0.9% | -1.4% | -3.0% | +1.1% | +1.3% |
| Jan 23 | DA Davidson | Maintains | Buy → Buy | — | $28.14 | $28.35 | +0.7% | -5.5% | -0.9% | -1.4% | -3.0% | +1.1% |
| Sep 29 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $24.85 | $25.00 | +0.6% | -0.8% | -1.8% | -0.1% | -0.5% | +1.2% |
| Sep 29 | DA Davidson | Maintains | Buy → Buy | — | $24.85 | $25.00 | +0.6% | -0.8% | -1.8% | -0.1% | -0.5% | +1.2% |
| Sep 26 | DA Davidson | Maintains | Buy → Buy | — | $24.60 | $24.83 | +0.9% | +1.0% | -0.8% | -1.8% | -0.1% | -0.5% |
| Apr 28 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $22.60 | $22.58 | -0.1% | +0.8% | +0.7% | -0.5% | +1.0% | +2.3% |
| Apr 28 | Piper Sandler | Maintains | Overweight → Overweight | — | $22.60 | $22.58 | -0.1% | +0.8% | +0.7% | -0.5% | +1.0% | +2.3% |
| Oct 29 | Stephens & Co. | Maintains | Equal Weight → Equal Weight | — | $22.97 | $23.00 | +0.1% | +0.1% | +0.5% | -0.5% | +0.9% | +0.1% |
| Oct 28 | Piper Sandler | Maintains | Overweight → Overweight | — | $22.34 | $22.67 | +1.5% | +2.8% | +0.1% | +0.5% | -0.5% | +0.9% |
| Jul 29 | Piper Sandler | Maintains | Overweight → Overweight | — | $23.12 | $23.29 | +0.7% | -2.4% | +2.7% | +0.0% | -1.8% | -1.0% |
| Jul 26 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $22.98 | $22.79 | -0.8% | +0.6% | -2.4% | +2.7% | +0.0% | -1.8% |
| Jun 26 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $16.84 | $16.70 | -0.8% | +2.0% | +1.8% | +3.1% | -0.7% | -0.1% |
| Mar 13 | Stephens & Co. | Maintains | Equal Weight → Equal Weight | — | $18.84 | $18.76 | -0.4% | -0.1% | -3.0% | +0.6% | -2.7% | +0.6% |
| Jan 26 | DA Davidson | Maintains | Buy → Buy | — | $20.58 | $20.48 | -0.5% | +0.0% | +0.6% | -2.0% | -0.6% | -5.1% |
| Jan 26 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $20.58 | $20.48 | -0.5% | +0.0% | +0.6% | -2.0% | -0.6% | -5.1% |
| Jul 28 | Stephens & Co. | Maintains | Equal Weight → Equal Weight | — | $18.43 | $18.59 | +0.9% | +1.8% | +0.0% | -1.4% | +1.4% | +1.6% |
| Apr 24 | Piper Sandler | Maintains | Overweight → Overweight | — | $19.70 | $18.88 | -4.2% | -6.1% | -5.2% | -1.6% | -0.6% | +2.7% |
| Apr 24 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $19.70 | $18.88 | -4.2% | -6.1% | -5.2% | -1.6% | -0.6% | +2.7% |
| Apr 6 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $20.40 | $20.40 | +0.0% | +1.9% | -1.1% | -1.3% | -1.9% | +0.3% |
| Jun 29 | DA Davidson | Upgrade | Neutral → Buy | — | $24.93 | $25.23 | +1.2% | +1.2% | -0.3% | +2.7% | -0.3% | +0.7% |
| Nov 12 | DA Davidson | Downgrade | Buy → Neutral | — | $28.69 | $27.66 | -3.6% | -0.5% | -1.4% | -0.1% | -0.2% | -0.9% |
| Jul 26 | Janney Montgomery Scott | Downgrade | Buy → Neutral | — | $28.37 | $27.21 | -4.1% | -0.5% | -0.8% | +0.1% | +1.7% | -3.6% |
| Jul 26 | Janney Capital | Downgrade | Buy → Neutral | — | $28.37 | $27.21 | -4.1% | -0.5% | -0.8% | +0.1% | +1.7% | -3.6% |
| Apr 26 | Sandler O'Neill | Downgrade | Buy → Hold | — | $30.70 | $29.85 | -2.8% | -0.9% | +0.7% | -1.2% | +0.1% | +1.6% |
| Apr 26 | Piper Sandler | Downgrade | Buy → Hold | — | $30.70 | $29.85 | -2.8% | -0.9% | +0.7% | -1.2% | +0.1% | +1.6% |
| Mar 7 | Stephens & Co. | Maintains | Equal Weight → Equal Weight | — | $31.58 | $31.40 | -0.6% | -2.5% | -0.2% | +2.4% | -0.5% | +0.2% |
| Jul 26 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $36.60 | $36.00 | -1.6% | -0.4% | -1.2% | -3.1% | +0.4% | +2.0% |
| Jul 26 | Keefe Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $36.60 | $36.00 | -1.6% | -0.4% | -1.2% | -3.1% | +0.4% | +2.0% |
| May 2 | Piper Sandler | Upgrade | Neutral → Overweight | — | $30.15 | $31.85 | +5.6% | +3.8% | -1.1% | +0.6% | +0.0% | +1.8% |
| Mar 12 | Keefe, Bruyette & Woods | Upgrade | Market Perform → Outperform | — | $31.20 | $31.95 | +2.4% | +3.2% | -0.2% | -1.4% | +0.6% | +0.8% |
| Mar 12 | Keefe Bruyette & Woods | Upgrade | Market Perform → Outperform | — | $31.20 | $31.95 | +2.4% | +3.2% | -0.2% | -1.4% | +0.6% | +0.8% |
| Nov 7 | DA Davidson | Maintains | Buy → Buy | — | $31.50 | $31.40 | -0.3% | -2.5% | -2.4% | -1.3% | -0.3% | +0.8% |
| Oct 23 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $19.04 | $18.55 | -2.6% | -1.7% | +1.2% | -1.7% | +2.1% | -1.4% |
| Oct 23 | Keefe Bruyette & Woods | Downgrade | Outperform → Market Perform | — | $19.04 | $18.55 | -2.6% | -1.7% | +1.2% | -1.7% | +2.1% | -1.4% |
| Oct 5 | Raymond James | Downgrade | Outperform → Market Perform | — | $18.79 | $18.51 | -1.5% | -0.5% | -2.3% | +1.7% | -0.5% | -0.4% |
| Oct 27 | Keefe, Bruyette & Woods | Maintains | Outperform → Outperform | — | $16.41 | $16.23 | -1.1% | +0.0% | +3.5% | +0.2% | +2.6% | +0.5% |
| Oct 27 | Keefe Bruyette & Woods | Maintains | Outperform → Outperform | — | $16.41 | $16.23 | -1.1% | +0.0% | +3.5% | +0.2% | +2.6% | +0.5% |
| Feb 28 | FIG Partners | Upgrade | Market Perform → Outperform | — | $17.74 | $17.80 | +0.3% | -0.1% | -1.2% | +3.5% | +0.3% | -0.5% |
| Oct 25 | Wunderlich Securities | Maintains | Buy → Buy | — | $16.28 | $16.39 | +0.7% | +0.1% | +0.7% | -0.5% | +0.4% | -1.6% |
| Oct 25 | Wunderlich | Maintains | Buy → Buy | — | $16.28 | $16.39 | +0.7% | +0.1% | +0.7% | -0.5% | +0.4% | -1.6% |
| Oct 25 | DA Davidson | Upgrade | Neutral → Buy | — | $16.28 | $16.39 | +0.7% | +0.1% | +0.7% | -0.5% | +0.4% | -1.6% |
| Oct 24 | DA Davidson | Upgrade | Neutral → Buy | — | $15.89 | $16.00 | +0.7% | +2.5% | +0.1% | +0.7% | -0.5% | +0.4% |
| Aug 2 | Wunderlich | Maintains | Buy → Buy | — | $15.91 | $15.66 | -1.6% | -1.1% | +0.4% | -0.2% | -0.7% | +0.2% |
| Aug 2 | Wunderlich Securities | Maintains | Buy → Buy | — | $15.91 | $15.66 | -1.6% | -1.1% | +0.4% | -0.2% | -0.7% | +0.2% |
| Mar 14 | FIG Partners | Maintains | Market Perform → Market Perform | — | $14.46 | $14.50 | +0.3% | +1.0% | -0.7% | -0.6% | +0.7% | +0.6% |
| Mar 13 | Wunderlich | Maintains | Buy → Buy | — | $14.28 | $14.33 | +0.4% | +1.3% | +1.0% | -0.7% | -0.6% | +0.7% |
| Mar 13 | Wunderlich Securities | Maintains | Buy → Buy | — | $14.28 | $14.33 | +0.4% | +1.3% | +1.0% | -0.7% | -0.6% | +0.7% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| Jun 9, 2026 | Hinson DonaldOff | EVPand Chief Financial Officer | Sell | 3,842 | $28.37 | $109K | 41,241 | +0.35% | -2.58% |
| May 1, 2026 | Robison Sabrina COff | EVP Chief HR Officer | Sell | 4,723 | $27.61 | $130K | — | +1.93% | -2.11% |
| May 1, 2026 | Robison Sabrina COff | EVP Chief HR Officer | Sell | 716 | $27.51 | $20K | 32,931 | +1.93% | -2.11% |
8-K · 8.01
!! High
Heritage Financial Corp -- 8-K 8.01: Material Event / Announcement
Heritage Financial Corp (HFWA) will distribute a dividend to shareholders of record as of May 6, 2026, with payment scheduled for May 20, 2026.
Apr 23
8-K
Unknown — 8-K Filing
HFWA's acquisition of Olympic appears complete based on pro forma financials, signaling the merged entity's scale and synergy potential, which investors should monitor for execution risks and integration costs impact on near-term earnings.
Apr 10
8-K · 8.01
!! High
Unknown — 8-K 8.01: Material Event / Announcement
HFWA experienced a cyber incident with uncertain financial impact and insurance recovery, creating near-term operational risk and potential material losses that investors should monitor closely.
Mar 23
8-K · 2.01
!!! Very High
Heritage Financial Corp -- 8-K 2.01: Acquisition Completed
Heritage Financial Corp completed its acquisition of Olympic Bank on January 31, 2026, expanding HFWA's asset base and market presence through the merger.
Feb 2
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Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$960.6M
Enterprise Value
$322.9M
P/E (TTM)
14.24x
Forward P/E
12.75x
PEG Ratio
0.21x
P/B
1.03x
P/S
2.86x
P/FCF
11.21x
EV/EBITDA
4.05x
Shares Out
34.4M
Financials (TTM)
Revenue
$336.0M
Net Income
$67.5M
EBITDA
$79.6M
Free Cash Flow
$85.7M
Op Cash Flow
$94.8M
EPS Basic
$1.99
EPS Diluted
$1.96
EPS Forward
$2.19
Gross Margin
72.4%
Op Margin
23.2%
Net Margin
20.1%
Balance Sheet
Total Assets
$6.97B
Total Liab.
$6.05B
Total Equity
$921.5M
Cash
$660.1M
LT Debt
$22.4M
Book Value/Sh
$27.14
Debt/Equity
0.05x
Current Ratio
1.18
Quick Ratio
1.18
Returns & Growth
ROE
7.3%
ROA
1.0%
ROIC
5.7%
Rev Growth YoY
+5.9%
EPS Growth YoY
+57.9%
Price Returns
2W
+2.9%
1M
-1.0%
3M
+3.2%
6M
+13.8%
12M
+16.6%
Technicals
52W High
$29.04
52W Low
$21.47
50d MA
$27.39
200d MA
$25.44
RSI (14)
56.10
ATR (14)
$0.68
Beta
0.48
Avg Volume
258K
Dividends
Div Rate
$0.96
Div Yield
3.5%
Frequency
4
Ex-Div Date
May 6, 2026
Analyst Price Targets
Consensus
$31.33
High
$32.00
Low
$30.00
Median
$32.00
Data updated apr 25, 2026 1:21pm
· Source: financialmodelingprep.com