Heritage Financial (HFWA) Projected to Post Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will likely be releasing its earnings data 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 that wish to listen to the company’s conference call can do so using this link.

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

NASDAQ:HFWA opened at $24.55 on Tuesday. The company has a market capitalization of $838.38 million, a P/E ratio of 22.73 and a beta of 0.57. The business has a fifty day simple moving average of $25.23 and a two-hundred day simple moving average of $23.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.82. Heritage Financial has a 1 year low of $16.55 and a 1 year high of $27.58.

Heritage Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.75%. The ex-dividend date was Wednesday, November 6th. Heritage Financial’s dividend payout ratio (DPR) is currently 85.19%.

Insider Buying and Selling

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. 1.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on HFWA. Piper Sandler boosted their price target on shares of Heritage Financial from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Stephens increased their target price on Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.