DA Davidson Lifts Earnings Estimates for Heritage Financial

Heritage Financial Corporation (NASDAQ:HFWA) – Equities research analysts at DA Davidson lifted their FY2026 earnings estimates for shares of Heritage Financial in a research report issued to clients and investors on Monday, September 29th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $2.50 for the year, up from their prior forecast of $2.32. The consensus estimate for Heritage Financial’s current full-year earnings is $2.09 per share.

Heritage Financial (NASDAQ:HFWA) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. The firm had revenue of $56.50 million for the quarter, compared to the consensus estimate of $63.54 million. Heritage Financial had a net margin of 15.22% and a return on equity of 7.34%.

Several other brokerages have also recently issued reports on HFWA. Keefe, Bruyette & Woods lifted their target price on Heritage Financial from $26.00 to $28.00 and gave the stock a “market perform” rating in a report on Monday. Wall Street Zen cut Heritage Financial from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Heritage Financial Stock Performance

Shares of NASDAQ HFWA opened at $24.16 on Wednesday. The company has a market cap of $820.23 million, a P/E ratio of 16.90 and a beta of 0.53. Heritage Financial has a 52-week low of $19.84 and a 52-week high of $27.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $23.91 and its two-hundred day moving average is $23.64.

Institutional Trading of Heritage Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Heritage Financial by 15,727.7% during the first quarter. Victory Capital Management Inc. now owns 1,480,997 shares of the financial services provider’s stock worth $36,033,000 after buying an additional 1,471,640 shares during the period. Jennison Associates LLC lifted its holdings in shares of Heritage Financial by 24.7% in the 1st quarter. Jennison Associates LLC now owns 2,752,114 shares of the financial services provider’s stock worth $66,959,000 after acquiring an additional 545,348 shares during the last quarter. Nuveen LLC bought a new stake in shares of Heritage Financial in the 1st quarter worth about $2,491,000. Jane Street Group LLC boosted its stake in shares of Heritage Financial by 437.3% during the 1st quarter. Jane Street Group LLC now owns 107,482 shares of the financial services provider’s stock worth $2,615,000 after purchasing an additional 87,479 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Heritage Financial by 3,435.9% during the 1st quarter. GAMMA Investing LLC now owns 72,309 shares of the financial services provider’s stock valued at $17,590,000 after purchasing an additional 70,264 shares during the last quarter. Hedge funds and other institutional investors own 78.30% of the company’s stock.

Heritage Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were issued a $0.24 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.0%. Heritage Financial’s payout ratio is 67.13%.

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.