Heritage Financial (HFWA) to Release Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Heritage Financial to post earnings of $0.42 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $56.36 million for the quarter, compared to the consensus estimate of $58.27 million. Heritage Financial had a return on equity of 7.95% and a net margin of 14.59%. 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 Stock Performance

NASDAQ:HFWA opened at $22.79 on Thursday. The firm has a market capitalization of $790.59 million, a PE ratio of 17.14 and a beta of 0.53. Heritage Financial has a 1 year low of $15.50 and a 1 year high of $23.82. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $21.80 and its 200 day simple moving average is $19.78.

Heritage Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, August 7th. Heritage Financial’s dividend payout ratio is currently 69.17%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Heritage Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Piper Sandler upped their price target on Heritage Financial from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Heritage Financial has an average rating of “Hold” and an average price target of $23.50.

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.