Heritage Financial Corporation
HFWA
NASDAQ·Financial Services·Banks - Regional·Mkt cap $1.2B
$29.29
▲ +0.21%
P/E
13.88
Mkt Cap
$1.2B
52-Wk Range
$21.32–$31.25
52-Week Range
$21.32 - $31.25
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 17.0% over the trailing year
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
Mild headwinds expected
Small business lending expansion through SBA loan programs
Value
Growth premium of 1.3x vs Commercial Banking peers. Reasonable for this growth rate.
Momentum
Stable
+4.9% over 3m
Quality
Excellent
High-growth business (57% revenue growth, 75% gross margin). Profitable with strong growth momentum.
Dividend
Solid
3.31% yield
Smart-money signal
Who's buying HFWA right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 22, 2026
JUL 23, 2026
Reported EPS of $0.57 vs $0.45 consensus (+28.1% surprise). Revenue of $84.1M vs $86.3M expected (-2.5%).
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+28.1%
Revenue trend · last 8Q
—
—
+18%
+0%
+20%
+16%
+57%
+11%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$54.8M
$57.1M
$57.6M
$56.5M
$87.8M
$86.8M
$90.7M
$89.0M
Margins · last 8Q
Gross
-88.7%
Operating
-25.2%
Profit
19.7%
Wall Street consensus
1 analyst · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Piper Sandler · $32.00 · Apr 27, 2026
vs Industry
How HFWA stacks vs Banks - Regional
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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