Based on ratings from 6 stock analysts, the Heritage Financial Corp-WA stock price is expected to increase by 1.03% in 12 months. This is calculated by using the average 12-month stock price forecast for Heritage Financial Corp-WA. The lowest target is $24 and the highest is $29. Please note analyst price targets are not guaranteed and could be missed completely.
HFWA is a stock in Financial Services which has been forecasted to be worth $26.4 as an average. On the higher end, the forecast price is $29 USD by Jeff Rulis from DA Davidson and on the lower end HFWA is forecasted to be $24 by from .
These are the latest 20 analyst ratings of HFWA.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Gordon McGuire Stephens & Co. | Equal-Weight | $26 | Maintains | Oct 29, 2024 |
Matthew Clark Piper Sandler | Overweight | $28 | Maintains | Oct 28, 2024 |
Matthew Clark Piper Sandler | Overweight | $26 | Maintains | Jul 29, 2024 |
Kelly Motta Keefe, Bruyette & Woods | Market Perform | $23 | Maintains | Jul 26, 2024 |
Kelly Motta Keefe, Bruyette & Woods | Market Perform | $20 | Maintains | Jun 26, 2024 |
Andrew Terrell Stephens & Co. | Equal-Weight | $22 | Reiterates | Mar 13, 2024 |
Kelly Motta Keefe, Bruyette & Woods | Market Perform | $22 | Maintains | Jan 26, 2024 |
Jeff Rulis DA Davidson | Buy | $23 | Maintains | Jan 26, 2024 |
Andrew Terrell Stephens & Co. | Equal-Weight | $20 | Maintains | Jul 28, 2023 |
Casey Orr Whitman Piper Sandler | Overweight | $25 | Maintains | Apr 24, 2023 |
Kelly Motta Keefe, Bruyette & Woods | Market Perform | $23 | Downgrade | Apr 24, 2023 |
Kelly Motta Keefe, Bruyette & Woods | Market Perform | $31 | Maintains | Apr 6, 2023 |
Jeff Rulis DA Davidson | Buy | $29 | Upgrade | Jun 29, 2022 |
DA Davidson | Neutral | Downgrade | Nov 12, 2019 | |
Janney Capital | Neutral | Downgrade | Jul 26, 2019 | |
Janney Montgomery Scott | Neutral | Downgrade | Jul 26, 2019 | |
Piper Sandler | Hold | Downgrade | Apr 26, 2019 | |
Sandler O'Neill | Hold | Downgrade | Apr 26, 2019 | |
Stephens & Co. | Equal-Weight | Initiates | Mar 7, 2019 | |
Keefe Bruyette & Woods | Market Perform | Downgrade | Jul 26, 2018 |
When did it IPO
1998
Staff Count
749
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Jeffrey J. Deuel
Market Cap
$892.4M
In 2023, HFWA generated $243.8M in revenue, which was a decrease of -2.07% from the previous year. This can be seen as a signal that HFWA's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Heritage Financial Corporation (HFWA) held its Q3 2024 earnings call, discussing financial performance and key metrics for the quarter. Further details can be accessed in the full transcript.
Why It Matters - HFWA's Q3 2024 earnings call provides insights into the company's financial performance, guiding investment decisions and expectations for future growth and risk management.
Summary - In Q3 2024, net income was $11.4 million ($0.33/share), down from $14.2 million ($0.41/share) in Q2. Results included a $6.9 million pre-tax loss on securities sales.
Why It Matters - A decline in net income and a significant loss on securities sales indicate potential volatility and risk, which may affect stock valuation and investor confidence.
Summary - Heritage Financial (HFWA) reported its revenue and EPS for Q3 2024, which should be evaluated against Wall Street estimates and prior year figures for a comprehensive financial assessment.
Why It Matters - Comparing Heritage Financial's revenue and EPS to Wall Street estimates and year-ago figures reveals growth potential or weaknesses, influencing stock valuation and investor sentiment.
Summary - Heritage Financial (HFWA) reported Q3 earnings of $0.33 per share, below the $0.42 estimate and down from $0.51 per share year-over-year.
Why It Matters - Heritage Financial's earnings miss and year-over-year decline may signal weakening financial health, potentially impacting stock performance and investor confidence.
Summary - Heritage Financial Corporation (Nasdaq: HFWA) appointed Nicholas Bley as Executive VP and COO of Heritage Bank, effective October 28, 2024.
Why It Matters - Leadership changes can impact a company's strategy and performance. Investors may reassess Heritage Financial's growth prospects and operational direction under the new COO.
Summary - ServisFirst, Berkshire Hills Bancorp, and Heritage Financial are noted in an Industry Outlook article, which may indicate potential investment opportunities or insights.
Why It Matters - The mention of ServisFirst, Berkshire Hills Bancorp, and Heritage Financial in an Industry Outlook signals potential growth opportunities and market interest, impacting stock performance and investor sentiment.