Heritage Financial (HFWA) to Release Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will likely be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Heritage Financial to post earnings of $0.45 per share and revenue of $60,680.00 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $81.65 million for the quarter, compared to the consensus estimate of $58.17 million. Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. During the same period in the prior year, the business earned $0.51 earnings per share. 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 Trading Up 1.0 %

Shares of HFWA stock opened at $24.55 on Tuesday. Heritage Financial has a 1-year low of $16.55 and a 1-year high of $27.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market cap of $838.38 million, a price-to-earnings ratio of 22.73 and a beta of 0.57. The stock has a 50-day moving average of $25.23 and a 200-day moving average of $23.08.

Heritage Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, November 6th. Heritage Financial’s dividend payout ratio is presently 85.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HFWA shares. Piper Sandler upped their price objective on shares of Heritage Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Stephens upped their price target on shares of Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

Insider Activity

In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 20,119 shares in the company, valued at approximately $533,153.50. This represents a 12.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.68% of the stock is currently owned by company insiders.

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.