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

17.33USD+0.05 (+0.29%)Market Closed

Market Summary

USD17.33+0.05

Market Closed

0.29%

HFWA Stock Price

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HFWA RSI Chart

HFWA Valuation

Market Cap

604.9M

Price/Earnings (Trailing)

9.8

Price/Sales (Trailing)

2.13

EV/EBITDA

1.26

Price/Free Cashflow

6.1

HFWA Price/Sales (Trailing)

HFWA Profitability

EBT Margin

25.63%

Return on Equity

7.24%

Return on Assets

0.86%

Free Cashflow Yield

16.39%

HFWA Fundamentals

HFWA Revenue

Revenue (TTM)

284.5M

Rev. Growth (Yr)

12.48%

Rev. Growth (Qtr)

1.08%

HFWA Earnings

Earnings (TTM)

61.8M

Earnings Growth (Yr)

-72.35%

Earnings Growth (Qtr)

-65.79%

Breaking Down HFWA Revenue

Last 7 days

-3.9%

Last 30 days

-8.0%

Last 90 days

-14.6%

Trailing 12 Months

-13.2%

How does HFWA drawdown profile look like?

HFWA Financial Health

HFWA Investor Care

Dividend Yield

5.08%

Dividend/Share (TTM)

0.88

Buy Backs (1Y)

0.57%

Diluted EPS (TTM)

1.75

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
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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
Mar 15, 2024	mcdonald bryan	acquired	145,202	18.38	7,900	president and coo
Mar 15, 2024	hinson donald	sold (taxes)	-9,006	18.38	-490	evpand chief financial officer
Mar 15, 2024	hinson donald	acquired	54,680	18.38	2,975	evpand chief financial officer
Mar 15, 2024	glasby william	sold (taxes)	-15,439	18.38	-840	evp chief information officer
Mar 15, 2024	glasby william	acquired	62,216	18.38	3,385	evp chief information officer
Mar 15, 2024	ray matthew t.	acquired	61,756	18.38	3,360	evp chief lending officer
Mar 15, 2024	deuel jeffrey j	sold (taxes)	-29,003	18.38	-1,578	ceo
Mar 15, 2024	deuel jeffrey j	acquired	177,955	18.38	9,682	ceo
Mar 15, 2024	henning thomas j	acquired	130,020	18.38	7,074	evp chief risk officer
Mar 15, 2024	robison sabrina c	sold (taxes)	-23,048	18.38	-1,254	evp chief hr officer

Which funds bought or sold HFWA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 10, 2024	Bruce G. Allen Investments, LLC	new	-	233	233	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	reduced	-13.71	-4,519	16,229	-%
Apr 05, 2024	GAMMA Investing LLC	added	14.4	1,044	11,401	-%
Apr 05, 2024	CWM, LLC	added	75.00	19,000	52,000	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-102	989	-%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	added	72.63	40,532	72,597	-%
Mar 11, 2024	VANGUARD GROUP INC	added	4.5	15,470,200	57,228,500	-%
Mar 06, 2024	SageView Advisory Group, LLC	sold off	-100	-221,914	-	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	82.31	23,199,400	39,878,500	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.87	93,258	404,078	-%

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

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
Mar 22, 2024	ARS	ARS
Mar 22, 2024	DEF 14A	DEF 14A
Mar 22, 2024	DEFA14A	DEFA14A
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 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	526.7B	171.1B	-4.45%	41.76%	10.63	3.08	60.72%	31.52%
BAC	281.8B	130.3B	-0.78%	25.35%	10.63	2.16	79.51%	-3.68%
WFC	202.2B	85.7B	-2.27%	42.49%	10.56	2.36	41.49%	39.96%
C	114.1B	133.3B	3.31%	26.15%	12.36	0.86	79.09%	-
CFG	15.2B	10.2B	-3.38%	12.15%	9.45	1.49	44.53%	-22.43%
KEY	13.7B	7.9B	-2.08%	18.96%	14.12	1.72	46.47%	-49.56%
MID-CAP
CMA	6.8B	4.2B	-0.89%	15.18%	7.7	1.63	56.25%	-23.46%
ZION	6.0B	3.9B	-0.93%	30.63%	8.87	1.53	45.91%	-25.03%
ABCB	3.1B	1.3B	-1.93%	31.98%	11.59	2.44	43.24%	-22.35%
ASB	3.1B	2.0B	-1.88%	11.78%	16.77	1.57	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	25.23%	-24.02%
ALRS	395.5M	164.9M	-9.61%	26.68%	33.82	2.4	42.66%	-70.76%
AROW	362.7M	162.6M	-11.01%	-6.09%	12.06	2.23	25.39%	-38.37%
ACNB	276.9M	96.6M	-6.73%	6.51%	8.74	2.87	11.02%	-11.37%
ASRV	41.0M	60.9M	-4.40%	-25.08%	-12.25	0.67	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.1%	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	55.00
EBITDA Margin	-11.9%	1.06*	1.20*	1.29*	1.37*	1.40*	1.40*	1.39*	1.43*	1.43*	1.46*	1.44*	1.23*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.1%	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	51.00
Income Taxes	-90.4%	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	5.00
Earnings Before Taxes	-69.8%	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	21.00
EBT Margin	-24.9%	0.26*	0.34*	0.37*	0.41*	0.44*	0.45*	0.47*	0.55*	0.57*	0.57*	0.54*	0.33*	-	-	-	-	-	-	-	-	-
Net Income	-65.8%	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	17.00
Net Income Margin	-23.2%	0.22*	0.28*	0.31*	0.34*	0.36*	0.37*	0.39*	0.45*	0.46*	0.47*	0.45*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	9.2%	30.00	27.00	23.00	19.00	30.00	27.00	23.00	10.00	18.00	20.00	19.00	9.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.3%	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	5,317
Cash Equivalents	2.0%	225	221	108	301	104	407	994	1,577	1,723	1,635	1,265	934	743	576	415	163	229	237	139	111	162
Net PPE	-2.0%	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	81.00
Goodwill	0%	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241	241
Liabilities	-0.2%	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	4,556
Shareholder's Equity	4.9%	853	814	820	826	798	777	805	821	854	848	856	827	820	803	794	798	809	804	797	778	761
Retained Earnings	-0.4%	376	378	367	358	345	330	317	306	293	281	268	242	224	208	198	212	212	206	195	186	176
Shares Outstanding	0.0%	35.00	35.00	35.00	35.00	35.00	35.00	35.00	35.00	36.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-0.5%	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	34,984
Cashflow From Investing	-119.8%	-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	-66,764
Cashflow From Financing	-155.8%	-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	23,547
Dividend Payments	-0.4%	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	9,995
Buy Backs	-99.0%	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	2.00

HFWA Income Statement

2023-12-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INTEREST INCOME:
Interest and fees on loans	$ 217,284	$ 174,275	$ 189,832
Taxable interest on investment securities	58,509	40,627	17,492
Nontaxable interest on investment securities	1,854	3,488	3,899
Interest on interest earning deposits	6,818	9,067	1,608
Total interest income	284,465	227,457	212,831
INTEREST EXPENSE:
Deposits	39,350	6,772	6,160
Junior subordinated debentures	2,074	1,156	742
Securities sold under agreement to repurchase	153	138	140
Borrowings	17,733	6	0
Total interest expense	59,310	8,072	7,042
Net interest income	225,155	219,385	205,789
Provision for (reversal of) credit losses	4,280	(1,426)	(29,372)
Net interest income after provision for (reversal of) credit losses	220,875	220,811	235,161
NONINTEREST INCOME:
(Loss) gain on sale of investment securities, net	(12,231)	(256)	29
Gain on sale of loans, net	343	633	3,644
Interest rate swap fees	230	402	661
Bank owned life insurance income	2,934	3,747	2,520
Gain on sale of other assets, net	2	469	4,405
Other income	8,079	5,321	5,824
Total noninterest income	18,663	29,591	34,615
NONINTEREST EXPENSE:
Compensation and employee benefits	100,083	92,092	88,765
Occupancy and equipment	19,156	17,465	17,243
Data processing	18,071	16,800	16,533
Marketing	1,930	1,643	2,143
Professional services	4,227	2,497	3,846
State/municipal business and use taxes	4,059	3,634	3,884
Federal deposit insurance premium	3,312	2,015	2,106
Amortization of intangible assets	2,434	2,750	3,111
Other expense	13,351	12,070	11,638
Total noninterest expense	166,623	150,966	149,269
Income before income taxes	72,915	99,436	120,507
Income tax expense	11,160	17,561	22,472
Net income	$ 61,755	$ 81,875	$ 98,035
Basic earnings per common share (in dollars per share)	$ 1.76	$ 2.33	$ 2.75
Diluted earnings per common share (in dollars per share)	1.75	2.31	2.73
Dividends declared per share (in dollars per share)	$ 0.88	$ 0.84	$ 0.81
Average number of basic shares outstanding (in shares)	35,022,247	35,103,465	35,677,851
Average number of diluted shares outstanding (in shares)	35,258,189	35,463,896	35,973,386
Service charges and other fees
NONINTEREST INCOME:
Service charges, other fees and card revenue	$ 10,966	$ 10,390	$ 9,207
Card revenue
NONINTEREST INCOME:
Service charges, other fees and card revenue	$ 8,340	$ 8,885	$ 8,325

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 Apr 12 2024, market cap of Heritage Financial Corp-WA is 604.93 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 Apr 12 2024, HFWA's PE ratio (Price to Earnings) is 9.8 and Price to Sales (PS) ratio is 2.13. 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 0.032 (multiply by 100 for percentage) rate of return.