Financial Services - Banks - Regional - NASDAQ - US
$ 26.16
0.115 %
$ 893 M
Market Cap
24.22
P/E
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.[ Read More ]
The intrinsic value of one HFWA stock under the base case scenario is HIDDEN Compared to the current market price of 26.2 USD, Heritage Financial Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart HFWA
FINANCIALS
240 M
REVENUE
72.9 M
OPERATING INCOME
61.8 M
NET INCOME
110 M
OPERATING CASH FLOW
-93.4 M
INVESTING CASH FLOW
105 M
FINANCING CASH FLOW
54.8 M
REVENUE
13.1 M
OPERATING INCOME
11.4 M
NET INCOME
24.2 M
OPERATING CASH FLOW
-21.8 M
INVESTING CASH FLOW
59.4 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Heritage Financial Corporation
| Current Assets | 1.19 B |
| Cash & Short-Term Investments | 1.19 B |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 2.19 B |
| Long-Term Investments | 1.87 B |
| PP&E | 74.9 M |
| Other Non-Current Assets | 246 M |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 6.32 B |
| Long-Term Debt | 21.8 M |
| Other Non-Current Liabilities | 6.3 B |
EFFICIENCY
Earnings Waterfall
Heritage Financial Corporation
| Revenue | 240 M |
| Cost Of Revenue | 0 |
| Gross Profit | 240 M |
| Operating Expenses | 244 M |
| Operating Income | 72.9 M |
| Other Expenses | 11.2 M |
| Net Income | 61.8 M |
RATIOS
100.00%
GROSS MARGIN
30.44%
OPERATING MARGIN
25.78%
NET MARGIN
7.24%
ROE
0.86%
ROA
7.06%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Heritage Financial Corporation
| Net Income | 61.8 M |
| Depreciation & Amortization | 5.6 M |
| Capital Expenditures | -10.4 M |
| Stock-Based Compensation | 4.32 M |
| Change in Working Capital | 0 |
| Others | 62.7 M |
| Free Cash Flow | 99.1 M |
Wall Street Analysts Price Targets
Heritage Financial Corporation
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
-0.61%
HFWA Average Price Target
Wall Street Target
26 USD
-0.61%
HFWA Highest Price Target
Wall Street Target
26 USD
-0.61%
4. DIVIDEND ANALYSIS
1.06%
DIVIDEND YIELD
0.23 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Heritage Financial Corporation
Sold
0-3 MONTHS
78.8 K USD 1
3-6 MONTHS
0 USD 0
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
14.3 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 07, 2024
|
Sell 78.8 K USD
|
Chalfant Tony
EVP Chief Credit Officer |
- 2975
|
26.5001 USD |
|
11 months ago
Dec 14, 2023
|
Bought 2.16 K USD
|
Rivera Frederick B
Director |
+ 100
|
21.64 USD |
|
11 months ago
Dec 11, 2023
|
Bought 12.1 K USD
|
Rivera Frederick B
Director |
+ 600
|
20.23 USD |
|
1 year ago
Sep 13, 2023
|
Bought 83.5 K USD
|
CHARNESKI BRIAN
Director |
+ 5000
|
16.7 USD |
|
1 year ago
May 19, 2023
|
Bought 9.8 K USD
|
Rivera Frederick B
Director |
+ 600
|
16.34 USD |
|
1 year ago
May 04, 2023
|
Bought 79.4 K USD
|
CHARNESKI BRIAN
Director |
+ 5000
|
15.8777 USD |
|
1 year ago
Apr 26, 2023
|
Bought 30.4 K USD
|
LYON JEFFREY S
Director |
+ 1750
|
17.365 USD |
|
2 years ago
Nov 04, 2022
|
Sell 38.9 K USD
|
Huntley Cindy M
EVP Chief Banking Officer |
- 1193
|
32.61 USD |
|
2 years ago
Nov 02, 2022
|
Sell 168 K USD
|
VANCE BRIAN L
Director |
- 5148
|
32.7254 USD |
|
2 years ago
Oct 31, 2022
|
Sell 67.3 K USD
|
CHARNESKI BRIAN
Director |
- 2000
|
33.6695 USD |
|
2 years ago
Nov 01, 2022
|
Sell 67.3 K USD
|
CHARNESKI BRIAN
Director |
- 2000
|
33.626 USD |
|
2 years ago
Oct 26, 2022
|
Sell 63.1 K USD
|
CLEES JOHN A
Director |
- 2000
|
31.553 USD |
|
2 years ago
Oct 24, 2022
|
Sell 98 K USD
|
Chalfant Tony
EVP Chief Credit Officer |
- 3124
|
31.375 USD |
|
2 years ago
Jun 07, 2022
|
Sell 141 K USD
|
VANCE BRIAN L
director: |
- 5470
|
25.8283 USD |
|
3 years ago
Jun 09, 2021
|
Sell 30.1 K USD
|
CLEES JOHN A
Director |
- 1050
|
28.65 USD |
|
3 years ago
Jun 09, 2021
|
Sell 93.3 K USD
|
CLEES JOHN A
Director |
- 3256
|
28.65 USD |
|
3 years ago
May 11, 2021
|
Sell 240 K USD
|
VANCE BRIAN L
Director |
- 8532
|
28.177 USD |
|
3 years ago
May 10, 2021
|
Sell 106 K USD
|
VANCE BRIAN L
Director |
- 3667
|
29 USD |
|
3 years ago
May 04, 2021
|
Sell 32.9 K USD
|
Huntley Cindy M
EVP Chief Banking Officer |
- 1148
|
28.63 USD |
|
3 years ago
Apr 29, 2021
|
Sell 57 K USD
|
Chalfant Tony
EVP Chief Credit Officer |
- 2000
|
28.518 USD |
|
3 years ago
Mar 15, 2021
|
Sell 98.7 K USD
|
CHARNESKI BRIAN
Director |
- 3325
|
29.686 USD |
7. News
Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript
Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript
seekingalpha.com
- 3 weeks ago
Heritage Financial (HFWA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Heritage Financial (HFWA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 3 weeks ago
Heritage Financial (HFWA) Lags Q3 Earnings and Revenue Estimates
Heritage Financial (HFWA) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.51 per share a year ago.
zacks.com
- 3 weeks ago
HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.23 PER SHARE
Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024. Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis.
prnewswire.com
- 3 weeks ago
Nicholas Bley Named Chief Operating Officer at Heritage Bank
OLYMPIA, Wash. , Oct. 23, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank (the "Bank"), announces that Nicholas ("Nic") Bley will become the Executive Vice President and Chief Operating Officer ("COO") of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024.
prnewswire.com
- 3 weeks ago
Zacks Industry Outlook ServisFirst, Berkshire Hills Bancorp and Heritage Financial
ServisFirst, Berkshire Hills Bancorp and Heritage Financial have been highlighted in this Industry Outlook article.
zacks.com
- 1 month ago
3 Stocks to Outshine in the Thriving Savings & Loan Industry
Stocks in the Zacks Savings and loan industry like SFBS, BHLB and HFWA should benefit from the decline in mortgage rates and an improving lending scenario.
zacks.com
- 1 month ago
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash. , Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24, 2024 before the market opens.
prnewswire.com
- 1 month ago
Heritage Financial Corporation (HFWA) Q2 2024 Earnings Call Transcript
Heritage Financial Corporation (NASDAQ:HFWA ) Q2 2024 Results Conference Call July 25, 2024 1:00 PM ET Company Participants Jeff Deuel - CEO & Director Don Hinson - Executive VP & CFO Tony Chalfant - Executive VP & Chief Credit Officer Bryan McDonald - President Conference Call Participants Eric Spector - Raymond James Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Kelly Motta - KBW Operator Hello, everyone, and welcome to the Heritage Financial 2024 Q2 Earnings Call.
seekingalpha.com
- 3 months ago
Heritage Financial (HFWA) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Heritage Financial (HFWA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 months ago
Heritage Financial (HFWA) Q2 Earnings Beat Estimates
Heritage Financial (HFWA) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.48 per share a year ago.
zacks.com
- 3 months ago
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Second Quarter 2024 Highlights Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter. The second quarter results include a loss on sale of securities of $1.9 million, or $0.04 per diluted share.
prnewswire.com
- 3 months ago
8. Profile Summary
Heritage Financial Corporation HFWA
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 893 M
Dividend Yield
1.06%
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
749
Officers
Mr. Bryan D. McDonald
President
Mr. Nicholas Bley
Executive Vice President
Mr. Donald J. Hinson CPA
Executive Vice President & Chief Financial Officer
Mr. William K. Glasby
Executive Vice President & Chief Technology Officer
Mr. Brian L. Vance
Independent Chairman
Mr. Matthew T. Ray
Executive Vice President & Chief Lending Officer of Heritage Bank
Mr. Anthony W. Chalfant
Executive Vice President & Chief Credit Officer
Ms. Sabrina C. Robison
Senior Vice President & Chief Human Resources Officer
Mr. Jeffrey J. Deuel
Chief Executive Officer & Director