Equities Analysts Set Expectations for HFWA Q4 Earnings

Heritage Financial Corporation (NASDAQ:HFWA) – Stock analysts at DA Davidson issued their Q4 2025 EPS estimates for Heritage Financial in a research report issued to clients and investors on Friday, October 24th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.57 per share for the quarter. The consensus estimate for Heritage Financial’s current full-year earnings is $2.09 per share.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $65.70 million for the quarter, compared to the consensus estimate of $65.25 million. Heritage Financial had a return on equity of 8.21% and a net margin of 17.27%.

A number of other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Heritage Financial from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Heritage Financial in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Heritage Financial from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Zacks Research raised shares of Heritage Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Heritage Financial presently has a consensus rating of “Moderate Buy” and an average target price of $28.50.

Heritage Financial Stock Performance

Shares of HFWA stock opened at $23.11 on Monday. The business’s fifty day simple moving average is $24.02 and its 200-day simple moving average is $23.65. The company has a market cap of $784.58 million, a PE ratio of 14.01 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Heritage Financial has a 12-month low of $19.84 and a 12-month high of $27.58.

Heritage Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, November 5th. Heritage Financial’s dividend payout ratio is presently 58.18%.

Institutional Investors Weigh In On Heritage Financial

Several hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in Heritage Financial by 8.2% in the second quarter. Jennison Associates LLC now owns 2,977,315 shares of the financial services provider’s stock valued at $70,979,000 after purchasing an additional 225,201 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Heritage Financial by 15,727.7% in the first quarter. Victory Capital Management Inc. now owns 1,480,997 shares of the financial services provider’s stock valued at $36,033,000 after purchasing an additional 1,471,640 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Heritage Financial by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 828,029 shares of the financial services provider’s stock worth $19,741,000 after acquiring an additional 3,447 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Heritage Financial by 13.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 504,509 shares of the financial services provider’s stock worth $12,027,000 after acquiring an additional 59,633 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Heritage Financial by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 393,619 shares of the financial services provider’s stock worth $9,384,000 after acquiring an additional 6,663 shares in the last quarter. 78.30% of the stock is owned by hedge funds and other institutional investors.

About Heritage Financial

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.