Heritage Financial (HFWA) Expected to Announce Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect Heritage Financial to post earnings of $0.46 per share and revenue of $61.74 million for the quarter.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Heritage Financial had a return on equity of 7.17% and a net margin of 13.64%. 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 Price Performance

Shares of Heritage Financial stock opened at $21.88 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.84 and a quick ratio of 0.82. The business has a 50 day simple moving average of $23.39 and a two-hundred day simple moving average of $24.17. The stock has a market capitalization of $743.72 million, a P/E ratio of 17.65 and a beta of 0.47. Heritage Financial has a 12 month low of $16.55 and a 12 month high of $27.58.

Heritage Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.24 dividend. This is an increase from Heritage Financial’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, February 6th. Heritage Financial’s dividend payout ratio is currently 77.42%.

Insider Buying and Selling

In related news, CEO Jeffrey J. Deuel sold 7,033 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.66, for a total value of $166,400.78. Following the completion of the sale, the chief executive officer now owns 70,906 shares of the company’s stock, valued at approximately $1,677,635.96. This represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederick B. Rivera sold 4,000 shares of Heritage Financial stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $25.43, for a total transaction of $101,720.00. Following the transaction, the director now directly owns 3,844 shares in the company, valued at $97,752.92. This trade represents a 50.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,311 shares of company stock worth $369,193. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

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.