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HFWA

Heritage Financial Corporation

HFWA

NASDAQ·Financial Services·Banks - Regional·Mkt cap $1.0B

$29.70

▼ -1.75%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$21.32 - $30.58

P/E

14.56

Fwd P/E

14.44

Beta

0.51

Div Yield

3.23%

Avg Vol

282.9K

Shares Out

34.0M

Mkt Cap

$1.0B

Price action

Price chart

Up 16.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • 95-year operating history and deep community relationships in Pacific Northwest markets
  • Specialized expertise in SBA-guaranteed lending programs for small business support
  • Diversified loan portfolio across multiple industries reducing concentration risk
  • Regional focus enabling personalized service and local decision-making versus national competitors
  • Established branch network of 49 offices providing convenient access across Washington and Oregon
▼

Bear Case

2 risks

  • Low volatility (beta 0.5).
  • Growth premium of 1.3x vs Commercial Banking peers. Reasonable for this growth rate.

Growth

Stable outlook

Small business lending expansion through SBA loan programs

Value

Growth premium of 1.3x vs Commercial Banking peers. Reasonable for this growth rate.

Momentum

Strong

+12.2% over 3m

Quality

Excellent

High-growth business (43% revenue growth, 75% gross margin). Profitable with strong growth momentum.

Dividend

Solid

3.23% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 16, 2026

“
Q2 26 RECAP

APR 23, 2026

Reported EPS of $0.49 vs $0.57 consensus (-14.0% surprise). Revenue of $77.9M vs $80.5M expected (-3.2%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-14.0%

Next: Apr 16, 2026

Revenue trend · last 8Q

—

—

—

+18%

+0%

+20%

+16%

+57%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$56.4M

$54.8M

$57.1M

$57.6M

$56.5M

$87.8M

$86.8M

$90.7M

Margins · last 8Q

Gross

—

Operating

—

Profit

20.9%

View full earnings history →

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

$32.00

▲ +7.7% vs $29.70

Low $32.00
Median $32.00
High $32.00

Latest: Piper Sandler · $32.00 · Apr 27, 2026

1 analyst covering

View full analyst page →

vs Industry

How HFWA stacks vs Banks - Regional

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.