Heritage Financial (HFWA) to Release Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.45 per share and revenue of $60,680.00 billion for the quarter.

Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The business had revenue of $81.65 million during the quarter, compared to analysts’ expectations of $58.17 million. Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts expect Heritage Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Financial Price Performance

Shares of NASDAQ:HFWA opened at $24.61 on Thursday. The stock has a market cap of $840.53 million, a PE ratio of 22.79 and a beta of 0.57. The company’s fifty day moving average is $25.40 and its 200 day moving average is $22.89. Heritage Financial has a 52 week low of $16.55 and a 52 week high of $27.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.

Heritage Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Wednesday, November 6th. Heritage Financial’s payout ratio is presently 85.19%.

Insider Buying and Selling at Heritage Financial

In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.50, for a total transaction of $78,837.50. Following the completion of the transaction, the executive vice president now owns 20,119 shares of the company’s stock, valued at approximately $533,153.50. This trade represents a 12.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HFWA shares. Stephens upped their price objective on shares of Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Piper Sandler increased 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.00.

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.