Heritage Financial (HFWA) Scheduled to Post Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Heritage Financial to post earnings of $0.42 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $56.36 million during the quarter, compared to the consensus estimate of $58.27 million. Heritage Financial had a return on equity of 7.95% and a net margin of 14.59%. 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 Stock Performance

HFWA stock opened at $21.49 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average price of $21.88 and a 200 day moving average price of $19.84. The company has a market capitalization of $745.49 million, a P/E ratio of 16.17 and a beta of 0.53. Heritage Financial has a 1-year low of $15.50 and a 1-year high of $23.82.

Heritage Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.92 dividend on an annualized basis and a yield of 4.28%. Heritage Financial’s dividend payout ratio is presently 69.17%.

Analysts Set New Price Targets

A number of brokerages have commented on HFWA. Keefe, Bruyette & Woods boosted their target price on shares of Heritage Financial from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Piper Sandler boosted their target price on shares of Heritage Financial from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.50.

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.