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.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Heritage Financial had a net margin of 12.27% and a return on equity of 7.01%. The business had revenue of $81.65 million during the quarter, compared to analysts’ expectations of $58.17 million. During the same quarter in the prior year, the firm posted $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 Stock Up 1.0 %

Heritage Financial stock opened at $24.61 on Thursday. Heritage Financial has a 1-year low of $16.55 and a 1-year high of $27.58. The firm has a market capitalization of $840.53 million, a price-to-earnings ratio of 22.79 and a beta of 0.57. 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 firm has a 50 day simple moving average of $25.40 and a 200 day simple moving average of $22.89.

Heritage Financial Announces Dividend

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

Insider Transactions at Heritage Financial

In other news, EVP Tony Chalfant sold 2,975 shares of Heritage Financial 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 completion of the sale, the executive vice president now directly owns 20,119 shares of the company’s stock, valued at approximately $533,153.50. The trade was a 12.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stephens lifted 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 raised their price target on shares of Heritage Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Heritage Financial has an average rating of “Hold” and a consensus price target 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.