HFWA - Heritage Financial Corp-WA Stock Price, Fair Value and News

19.08USD+0.19 (+1.01%)Delayed

Market Summary

USD19.08+0.19

Delayed

1.01%

HFWA Alerts

Big fall in earnings (Y/Y)

HFWA Stock Price

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HFWA RSI Chart

HFWA Valuation

Market Cap

661.9M

Price/Earnings (Trailing)

14.07

Price/Sales (Trailing)

2.27

EV/EBITDA

1.72

Price/Free Cashflow

7.16

HFWA Price/Sales (Trailing)

HFWA Profitability

EBT Margin

18.86%

Return on Equity

5.55%

Return on Assets

0.66%

Free Cashflow Yield

13.96%

HFWA Fundamentals

HFWA Revenue

Revenue (TTM)

292.2M

Rev. Growth (Yr)

11.53%

Rev. Growth (Qtr)

0.12%

HFWA Earnings

Earnings (TTM)

47.0M

Earnings Growth (Yr)

-71.9%

Earnings Growth (Qtr)

-7.78%

Breaking Down HFWA Revenue

Last 7 days

1.8%

Last 30 days

10.0%

Last 90 days

1.7%

Trailing 12 Months

17.1%

How does HFWA drawdown profile look like?

HFWA Financial Health

HFWA Investor Care

Dividend Yield

4.61%

Dividend/Share (TTM)

0.88

Buy Backs (1Y)

1.06%

Diluted EPS (TTM)

1.33

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	292.2M	0	0	0
2023	245.5M	263.9M	276.2M	284.5M
2022	207.2M	203.0M	211.0M	227.5M
2021	215.4M	217.4M	217.9M	212.8M
2020	217.1M	215.9M	213.6M	214.3M
2019	210.0M	218.5M	218.8M	217.8M
2018	156.1M	166.7M	184.1M	199.4M
2017	139.1M	140.6M	142.7M	147.7M
2016	135.7M	136.3M	138.0M	138.5M
2015	137.7M	141.7M	140.2M	135.7M
2014	71.6M	84.7M	101.2M	121.1M
2013	68.6M	68.1M	69.6M	71.4M
2012	74.6M	72.1M	70.3M	69.1M
2011	64.2M	71.3M	75.3M	74.1M
2010	0	55.4M	57.5M	59.5M
2009	0	0	0	53.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Heritage Financial Corp-WA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	vance brian l	acquired	55,200	18.26	3,023	-
May 01, 2024	rivera frederick b	acquired	55,200	18.26	3,023	-
May 01, 2024	giacobbe gail b.	acquired	55,200	18.26	3,023	-
May 01, 2024	ellwanger kimberly t	acquired	55,200	18.26	3,023	-
May 01, 2024	gavin deborah j	acquired	55,200	18.26	3,023	-
May 01, 2024	lyon jeffrey s	acquired	55,200	18.26	3,023	-
May 01, 2024	charneski brian	acquired	55,200	18.26	3,023	-
May 01, 2024	dryer trevor d.	acquired	55,200	18.26	3,023	-
May 01, 2024	watson ann	acquired	55,200	18.26	3,023	-
Mar 15, 2024	wilson kelli ann	acquired	32,036	18.38	1,743	evp chief banking officer

Which funds bought or sold HFWA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	EJF Capital LLC	reduced	-9.94	-129,983	577,919	0.40%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-423,415	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.53	-113,400	676,362	-%
May 16, 2024	COMERICA BANK	reduced	-7.07	-69,840	373,297	-%
May 15, 2024	OBERWEIS ASSET MANAGEMENT INC/	sold off	-100	-3,003,160	-	-%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	unchanged	-	-85,092	824,967	-%
May 15, 2024	Aquatic Capital Management LLC	sold off	-100	-133,000	-	-%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-240,573	-	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	5.2	-28,000	578,000	-%
May 15, 2024	HSBC HOLDINGS PLC	reduced	-53.67	-2,286,230	1,640,740	-%

Are Funds Buying or Selling HFWA?

Are funds buying HFWA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HFWA

No. of Funds

HFWA Alerts

Big fall in earnings (Y/Y)

Unveiling Heritage Financial Corp-WA's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	5.7%	1,991,278	SC 13G
Feb 13, 2024	vanguard group inc	7.67%	2,675,478	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.0%	1,733,722	SC 13G/A
Jan 23, 2024	blackrock inc.	14.5%	5,072,306	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.8%	2,031,189	SC 13G
Feb 09, 2023	vanguard group inc	6.67%	2,341,302	SC 13G/A
Jan 26, 2023	blackrock inc.	14.1%	4,939,443	SC 13G/A
Jan 20, 2023	blackrock inc.	14.1%	4,939,443	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	4.0%	1,434,580	SC 13G/A
Jan 27, 2022	blackrock inc.	14.7%	5,155,657	SC 13G/A

Recent SEC filings of Heritage Financial Corp-WA

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading

Peers (Alternatives to Heritage Financial Corp-WA)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Heritage Financial Corp-WA News

Latest updates

Heritage Financial Corp-WA Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.1%	74.00	74.00	73.00	70.00	67.00	66.00	61.00	52.00	49.00	50.00	53.00	56.00	54.00	55.00	53.00	54.00	53.00	54.00	55.00	55.00	54.00
EBITDA Margin	-11.2%	0.94*	1.06*	1.20*	1.29*	1.37*	1.40*	1.40*	1.39*	1.43*	1.43*	1.46*	1.44*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.3%	52.00	54.00	56.00	56.00	60.00	63.00	59.00	50.00	47.00	48.00	51.00	54.00	52.00	52.00	50.00	50.00	49.00	49.00	50.00	51.00	50.00
Income Taxes	225.6%	1.00	0.00	4.00	3.00	4.00	5.00	5.00	4.00	4.00	5.00	5.00	7.00	5.00	4.00	2.00	-0.94	1.00	3.00	4.00	3.00	3.00
Earnings Before Taxes	4.4%	7.00	7.00	22.00	20.00	25.00	28.00	26.00	23.00	23.00	24.00	26.00	40.00	30.00	28.00	19.00	-7.07	13.00	21.00	22.00	19.00	20.00
EBT Margin	-26.4%	0.19*	0.26*	0.34*	0.37*	0.41*	0.44*	0.45*	0.47*	0.55*	0.57*	0.57*	0.54*	-	-	-	-	-	-	-	-	-
Net Income	-7.8%	6.00	6.00	18.00	17.00	20.00	23.00	21.00	19.00	20.00	19.00	21.00	33.00	25.00	24.00	17.00	-6.14	12.00	17.00	18.00	16.00	17.00
Net Income Margin	-25.8%	0.16*	0.22*	0.28*	0.31*	0.34*	0.36*	0.37*	0.39*	0.45*	0.46*	0.47*	0.45*	-	-	-	-	-	-	-	-	-
Free Cashflow	-59.8%	12.00	30.00	27.00	23.00	19.00	30.00	27.00	23.00	10.00	18.00	20.00	19.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.2%	7,091	7,175	7,151	7,115	7,237	6,980	7,200	7,316	7,484	7,432	7,259	7,106	7,028	6,615	6,686	6,562	5,587	5,553	5,515	5,377	5,342
Cash Equivalents	-15.7%	190	225	221	108	301	104	407	994	1,577	1,723	1,635	1,265	934	743	576	415	163	229	237	139	111
Net PPE	-1.1%	74.00	75.00	76.00	79.00	80.00	77.00	77.00	77.00	79.00	79.00	80.00	83.00	85.00	85.00	90.00	87.00	88.00	88.00	87.00	84.00	80.00
Goodwill	0%	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241
Liabilities	-1.2%	6,244	6,322	6,337	6,296	6,411	6,182	6,424	6,511	6,662	6,578	6,411	6,250	6,201	5,795	5,883	5,769	4,789	4,744	4,711	4,580	4,564
Shareholder's Equity	-0.7%	848	853	814	820	826	798	777	805	821	854	848	856	827	820	803	794	798	809	804	797	778
Retained Earnings	-0.6%	374	376	378	367	358	345	330	317	306	293	281	268	242	224	208	198	212	212	206	195	186
Shares Outstanding	-0.6%	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	36.00	36.00	36.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	559	-	-	-	870	-	-	-	887	-	-	-	707	-	-	-	1,073	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-58.3%	12,899	30,959	31,101	24,066	23,397	32,016	28,535	22,977	10,928	18,877	20,883	20,689	9,081	27,998	3,606	24,420	14,307	35,595	19,808	15,775	21,312
Cashflow From Investing	424.5%	33,466	-10,312	52,054	-80,186	-55,002	-21,611	-514,059	-429,195	-242,914	-93,970	225,214	265,264	-232,745	230,697	38,836	-727,528	-80,554	-48,093	-34,761	1,911	-44,359
Cashflow From Financing	-405.0%	-81,691	-16,177	28,970	-136,983	229,496	-314,139	-101,207	-176,449	85,416	163,646	123,709	44,664	414,658	-91,615	118,725	955,270	592	4,098	112,631	10,434	-27,693
Dividend Payments	4.5%	8,028	7,679	7,711	7,707	7,723	7,372	7,372	7,375	7,372	7,385	7,169	7,200	7,183	7,183	7,182	7,180	7,314	10,620	7,008	6,618	6,662
Buy Backs	24372.0%	6,118	25.00	2,571	1,751	2,627	20.00	2.00	522	2,652	1,491	20,641	70.00	687	14.00	7.00	38.00	19,060	1.00	6,954	879	802

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HFWA Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME:
Interest and fees on loans	$ 57,862	$ 50,450
Taxable interest on investment securities	14,834	14,657
Nontaxable interest on investment securities	181	586
Interest on interest earning deposits	1,476	972
Total interest income	74,353	66,665
INTEREST EXPENSE:
Deposits	16,388	4,528
Junior subordinated debentures	547	482
Securities sold under agreement to repurchase	0	47
Borrowings	5,888	1,766
Total interest expense	22,823	6,823
Net interest income	51,530	59,842
Provision for credit losses	1,392	1,825
Net interest income after provision for credit losses	50,138	58,017
NONINTEREST INCOME:
Loss on sale of investment securities, net	(9,973)	(286)
Gain on sale of loans, net	26	49
Interest rate swap fees	0	53
Bank owned life insurance income	920	709
Gain on sale of other assets, net	0	2
Other income	1,500	3,107
Total noninterest income (loss)	(2,900)	8,258
NONINTEREST EXPENSE:
Compensation and employee benefits	25,476	25,536
Occupancy and equipment	4,932	4,892
Data processing	3,537	4,342
Marketing	211	402
Professional services	567	628
State/municipal business and use taxes	1,300	1,008
Federal deposit insurance premium	795	850
Amortization of intangible assets	421	623
Other expense	3,131	3,324
Total noninterest expense	40,370	41,605
Income before income taxes	6,868	24,670
Income tax expense	1,120	4,213
Net income	$ 5,748	$ 20,457
Basic earnings per share (in dollars per share)	$ 0.17	$ 0.58
Diluted earnings per share (in dollars per share)	0.16	0.58
Dividends declared per share (in dollars per share)	$ 0.23	$ 0.22
Average Number of Basic Common Shares Outstanding (in shares)	34,825,471	35,108,390
Average number of diluted shares outstanding (in shares)	35,227,138	35,445,340
Net Income	$ 5,748	$ 20,457
Service charges and other fees
NONINTEREST INCOME:
Service charges, other fees and card revenue	2,788	2,624
Card revenue
NONINTEREST INCOME:
Service charges, other fees and card revenue	$ 1,839	$ 2,000

About Heritage Financial Corp-WA

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. The company 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. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

CEO	Mr. Jeffrey J. Deuel
WEBSITE	hf-wa.com
INDUSTRY	Banks Diversified
EMPLOYEES	811

Heritage Financial Corp-WA Frequently Asked Questions

What is the ticker symbol for Heritage Financial Corp-WA? What does HFWA stand for in stocks?

HFWA is the stock ticker symbol of Heritage Financial Corp-WA. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Heritage Financial Corp-WA (HFWA)?

As of Fri May 17 2024, market cap of Heritage Financial Corp-WA is 661.88 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HFWA stock?

You can check HFWA's fair value in chart for subscribers.

What is the fair value of HFWA stock?

You can check HFWA's fair value in chart for subscribers. The fair value of Heritage Financial Corp-WA is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Heritage Financial Corp-WA is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HFWA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Heritage Financial Corp-WA a good stock to buy?

The fair value guage provides a quick view whether HFWA is over valued or under valued. Whether Heritage Financial Corp-WA is cheap or expensive depends on the assumptions which impact Heritage Financial Corp-WA's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HFWA.

What is Heritage Financial Corp-WA's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, HFWA's PE ratio (Price to Earnings) is 14.07 and Price to Sales (PS) ratio is 2.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HFWA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Heritage Financial Corp-WA's stock?

In the past 10 years, Heritage Financial Corp-WA has provided 0.048 (multiply by 100 for percentage) rate of return.