Heritage Financial (HFWA) Set to Announce Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Heritage Financial to post earnings of $0.41 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Heritage Financial had a return on equity of 8.66% and a net margin of 20.37%. The business had revenue of $50.72 million for the quarter, compared to the consensus estimate of $62.00 million. 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

HFWA opened at $18.12 on Tuesday. Heritage Financial has a 12-month low of $14.85 and a 12-month high of $22.55. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $18.39 and its 200-day simple moving average is $18.71. The company has a market capitalization of $627.95 million, a price-to-earnings ratio of 10.35 and a beta of 0.54.

Heritage Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.23 per share. This is a boost from Heritage Financial’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Wednesday, February 7th. Heritage Financial’s dividend payout ratio is 52.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. DA Davidson decreased their price objective on Heritage Financial from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, January 26th. StockNews.com upgraded Heritage Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods decreased their price target on Heritage Financial from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Finally, Stephens reiterated an “equal weight” rating and issued a $22.00 price target on shares of Heritage Financial in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.25.

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.