Heritage Financial Corp-WA

Heritage Financial Corp-WA Stock Forecast & Price Prediction

Live Heritage Financial Corp-WA Stock (HFWA) Price
$26.13

6

Ratings

  • Buy 2
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$26.13

P/E Ratio

24.19

Volume Traded Today

$96,900

Dividend

$0.23

52 Week High/low

27.58/16.55

Heritage Financial Corp-WA Market Cap

$892.4M

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HFWA Summary

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 Analyst Ratings

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 .

HFWA stock forecast by analyst

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

HFWA Company Information

What They Do: Provides banking and financial services.

Business Model: Heritage Financial Corporation operates as a bank holding company for Heritage Bank, offering a variety of deposit products and a diverse loan portfolio catering to small and medium-sized businesses as well as individuals. Its revenue is generated primarily through interest earned on loans, fees from banking services, and other financial services.

Other Information: Founded in 1927 and headquartered in Olympia, Washington, the company has a strong focus on providing loans backed by the U.S. Small Business Administration, catering to a range of industries including real estate, healthcare, and retail. The bank has a long-standing history and has undergone rebranding since its inception.
HFWA
Heritage Financial Corp-WA (HFWA)

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

Heritage Financial Corp-WA (HFWA) Financial Data

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

$238.2M

Revenue From 2021

$240.4M

0.91 %
From Previous Year

Revenue From 2022

$249.0M

3.57 %
From Previous Year

Revenue From 2023

$243.8M

-2.07 %
From Previous Year
  • Revenue TTM $204.0M
  • Operating Margin TTM 27.3%
  • Gross profit TTM $0
  • Return on assets TTM 0.5%
  • Return on equity TTM 4.4%
  • Profit Margin 18.4%
  • Book Value Per Share 25.61%
  • Market capitalisation $892.4M
  • Revenue for 2021 $240.4M
  • Revenue for 2022 $249.0M
  • Revenue for 2023 $243.8M
  • EPS this year (TTM) $1.08

Heritage Financial Corp-WA (HFWA) Latest News

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

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.

News Image

Thu, 24 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Thu, 24 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

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.

News Image

Wed, 23 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

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.

News Image

Mon, 07 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

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.

...

HFWA Frequently asked questions

The highest forecasted price for HFWA is $29 from Jeff Rulis at DA Davidson.

The lowest forecasted price for HFWA is $24 from from

The HFWA analyst ratings consensus are 2 buy ratings, 4 hold ratings, and 0 sell ratings.