Brokers Set Expectations for HFWA Q1 Earnings

Heritage Financial Co. (NASDAQ:HFWA) – DA Davidson issued their Q1 2025 earnings estimates for Heritage Financial in a research report issued on Friday, January 24th. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings of $0.49 per share for the quarter. The consensus estimate for Heritage Financial’s current full-year earnings is $1.76 per share.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%.

Several other brokerages also recently issued reports on HFWA. StockNews.com raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday. Piper Sandler lifted their price target on shares of Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, Stephens boosted their price objective on shares of Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th.

Heritage Financial Price Performance

HFWA stock opened at $25.25 on Monday. The stock has a 50-day simple moving average of $25.09 and a 200-day simple moving average of $23.37. The firm has a market cap of $862.29 million, a P/E ratio of 23.38 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 0.82. Heritage Financial has a 1 year low of $16.55 and a 1 year high of $27.58.

Institutional Trading of Heritage Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Heritage Financial during the 2nd quarter valued at about $25,000. Point72 DIFC Ltd acquired a new position in Heritage Financial in the second quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in shares of Heritage Financial by 43.7% during the third quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 601 shares during the last quarter. CWM LLC raised its position in shares of Heritage Financial by 17.1% during the 3rd quarter. CWM LLC now owns 3,297 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 481 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Heritage Financial in the 2nd quarter worth approximately $99,000. 78.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Heritage Financial

In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.50, for a total transaction of $78,837.50. Following the sale, the executive vice president now owns 20,119 shares in the company, valued at $533,153.50. This represents a 12.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frederick B. Rivera sold 4,000 shares of Heritage Financial stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $25.43, for a total value of $101,720.00. Following the completion of the transaction, the director now owns 3,844 shares of the company’s stock, valued at approximately $97,752.92. The trade was a 50.99 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Heritage Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Heritage Financial’s previous quarterly dividend of $0.23. Heritage Financial’s dividend payout ratio (DPR) is presently 85.19%.

Heritage Financial Company Profile

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. 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.