image
Financial Services - Banks - Regional - NASDAQ - US
$ 21.34
-0.698 %
$ 725 M
Market Cap
17.21
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one HFWA stock under the worst case scenario is HIDDEN Compared to the current market price of 21.3 USD, Heritage Financial Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one HFWA stock under the base case scenario is HIDDEN Compared to the current market price of 21.3 USD, Heritage Financial Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one HFWA stock under the best case scenario is HIDDEN Compared to the current market price of 21.3 USD, Heritage Financial Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HFWA

image
$28.0$28.0$27.0$27.0$26.0$26.0$25.0$25.0$24.0$24.0$23.0$23.0$22.0$22.0$21.0$21.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
310 M REVENUE
29.30%
309 M OPERATING INCOME
323.40%
43.3 M NET INCOME
-29.95%
64.5 M OPERATING CASH FLOW
-41.12%
-85.9 M INVESTING CASH FLOW
8.07%
-86.5 M FINANCING CASH FLOW
-82.10%
57.1 M REVENUE
4.12%
0 OPERATING INCOME
0.00%
11.9 M NET INCOME
4.42%
20.6 M OPERATING CASH FLOW
-14.71%
-44 M INVESTING CASH FLOW
-102.25%
-35.1 M FINANCING CASH FLOW
-59.09%
Balance Sheet Heritage Financial Corporation
image
Current Assets 5.59 B
Cash & Short-Term Investments 823 M
Receivables 4.77 B
Other Current Assets 0
Non-Current Assets 316 M
Long-Term Investments 0
PP&E 71.6 M
Other Non-Current Assets 244 M
13.93 %80.72 %4.13 %Total Assets$5.9b
Current Liabilities 0
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 0
Non-Current Liabilities 405 M
Long-Term Debt 405 M
Other Non-Current Liabilities 0
100.00 %Total Liabilities$405.1m
EFFICIENCY
Earnings Waterfall Heritage Financial Corporation
image
Revenue 310 M
Cost Of Revenue 0
Gross Profit 310 M
Operating Expenses 988 K
Operating Income 309 M
Other Expenses 265 M
Net Income 43.3 M
350m350m300m300m250m250m200m200m150m150m100m100m50m50m00310m0310m(988k)309m(265m)43mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
99.68% OPERATING MARGIN
99.68%
13.97% NET MARGIN
13.97%
5.01% ROE
5.01%
0.61% ROA
0.61%
4.33% ROIC
4.33%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Heritage Financial Corporation
image
100m100m90m90m80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 43.3 M
Depreciation & Amortization 3.23 M
Capital Expenditures -3.46 M
Stock-Based Compensation 4.34 M
Change in Working Capital 0
Others 16.9 M
Free Cash Flow 61 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Heritage Financial Corporation
image
Wall Street analysts predict an average 1-year price target for HFWA of $26 , with forecasts ranging from a low of $26 to a high of $26 .
HFWA Lowest Price Target Wall Street Target
26 USD 21.84%
HFWA Average Price Target Wall Street Target
26 USD 21.84%
HFWA Highest Price Target Wall Street Target
26 USD 21.84%
Price
Max Price Target
Min Price Target
Average Price Target
2828262624242222202018181616May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.93% DIVIDEND YIELD
0.24 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.001.000.900.900.800.800.700.700.600.600.500.500.400.400.300.300.200.200.100.100.000.000.10.110.120.150.180.20.20.210.220.230.240.110.120.130.150.180.20.20.210.220.230.110.120.130.150.190.20.20.210.220.230.210.530.370.720.230.610.270.720.290.840.20.800.210.810.210.840.220.880.230.920.242015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
Download SVG
Download PNG
Download CSV
5. COMPETITION
6. Ownership
Insider Ownership Heritage Financial Corporation
image
Sold
0-3 MONTHS
369 K USD 4
3-6 MONTHS
78.8 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Heritage Financial (HFWA) Could Be a Great Choice Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Heritage Financial (HFWA) have what it takes? zacks.com - 2 weeks ago
Heritage Financial Announces Earnings Release Date and Conference Call OLYMPIA, Wash. , March 27, 2025 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its first quarter earnings release on Thursday, April 24, 2025 before the market opens. prnewswire.com - 2 weeks ago
New Strong Buy Stocks for March 24th IHS, HFWA, IFNNY, FUTU and VLY have been added to the Zacks Rank #1 (Strong Buy) List on March 24, 2025. zacks.com - 3 weeks ago
Zacks Industry Outlook Banner, Berkshire Hills Bancorp and Heritage Financial Banner, Berkshire Hills Bancorp and Heritage Financial have been highlighted in this Industry Outlook article. zacks.com - 3 weeks ago
Best Income Stocks to Buy for March 24th VLY, NNGRY and HFWA made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 24, 2025. zacks.com - 3 weeks ago
3 Savings & Loan Stocks Worth Buying Amid Industry Challenges Stocks in the Zacks Savings and Loan industry like BANR, BHLB and HFWA will be affected by weak asset quality. Modest loan demand growth will aid. zacks.com - 3 weeks ago
What Makes Heritage Financial (HFWA) a New Strong Buy Stock Heritage Financial (HFWA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 1 month ago
Best Income Stocks to Buy for March 14th CRGY, HBNC and HFWA made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 14, 2025. zacks.com - 1 month ago
Heritage Financial (HFWA) Could Be a Great Choice Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Heritage Financial (HFWA) have what it takes? zacks.com - 1 month ago
Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Heritage Financial (HFWA) have what it takes? zacks.com - 2 months ago
16 Upcoming Dividend Increases Sixteen companies are boosting their dividends, with an average increase of 8.2%, signaling financial health and stability, particularly among regional banks. My investment strategy focuses on companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth. seekingalpha.com - 2 months ago
Heritage Bank Expands Into the Spokane, Washington, Market OLYMPIA, Wash. , Jan. 27, 2025 /PRNewswire/ -- Heritage Bank ("Heritage" or "bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce its expansion into Spokane, Wash. prnewswire.com - 2 months ago
8. Profile Summary

Heritage Financial Corporation HFWA

image
COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 725 M
Dividend Yield 0.93%
Description 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.
Contact 201 Fifth Avenue SW, Olympia, WA, 98501 https://www.hf-wa.com
IPO Date May 7, 1998
Employees 733
Officers Mr. Anthony W. Chalfant Executive Vice President & Chief Credit Officer Mr. Nicholas M. Bley Executive Vice President Mr. Brian L. Vance Independent Chairman Mr. Jeffrey J. Deuel Chief Executive Officer & Director Mr. Bryan D. McDonald President Mr. Donald J. Hinson CPA Executive Vice President & Chief Financial Officer