Heritage Financial Corporation (HFWA)

Official site

FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

$27.42

+0.54 (+2.01%)

Market Cap: $1.11B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

69%(27/39)

Avg Surprise

+0.31%

Streak

5 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$0.56

Range$0.51 - $0.69

6 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$0.59-4.8%

60d ago$0.57-0.3%

30d ago$0.57-0.3%

7d ago$0.560.0%

Current$0.56

Revenue Consensus

$86M

Range$86M - $87M

5 analysts

Period ending Dec 31, 2026

EPS Consensus$0.66

Range$0.56 - $0.84

6 analysts

Revenue Consensus

$83M

Range$82M - $84M

5 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.66	$0.56 - $0.84	-	-	6	-	-
Sep 30, 2026Sep 26EST	-	$0.56	$0.51 - $0.69	-	-	6	1 5 30d	-
Jun 30, 2026Jun 26 Reported Jul 23, 2026Reported Jul 23	$0.57	$0.54	$0.50 - $0.60	+5.56%	Beat	6	0 5 30d	+7.5%
Mar 31, 2026Mar 26 Reported Apr 23, 2026Reported Apr 23	$0.59	$0.57	$0.55 - $0.59	+3.51%	Beat	6	3 1 30d	+47.5%
Dec 31, 2025Dec 25 Reported Jan 22, 2026Reported Jan 22	$0.66	$0.56	$0.55 - $0.57	+17.86%	Beat	5	4 1 30d	+94.1%
Sep 30, 2025Sep 25 Reported Oct 23, 2025Reported Oct 23	$0.56	$0.55	$0.51 - $0.60	+1.82%	Beat	6	1 1 30d	+69.7%
Jun 30, 2025Jun 25 Reported Jul 24, 2025Reported Jul 24	$0.53	$0.50	$0.47 - $0.52	+6.00%	Beat	6	1 1 30d	+29.3%
Mar 31, 2025Mar 25 Reported Apr 24, 2025Reported Apr 24	$0.40	$0.45	$0.42 - $0.49	-11.11%	Miss	6	5 1 30d	+150.0%
Dec 31, 2024Dec 24 Reported Jan 23, 2025Reported Jan 23	$0.34	$0.44	$0.40 - $0.47	-22.73%	Miss	5	6 0 30d	-22.7%
Sep 30, 2024Sep 24 Reported Oct 24, 2024Reported Oct 24	$0.33	$0.41	$0.37 - $0.43	-19.51%	Miss	6	No revisions (30d)	-35.3%
Jun 30, 2024Jun 24 Reported Jul 25, 2024Reported Jul 25	$0.41	$0.40	$0.35 - $0.42	+2.50%	Beat	6	No revisions (30d)	-14.6%
Mar 31, 2024Mar 24 Reported Apr 25, 2024Reported Apr 25	$0.16	N/A	-	-60.98%	Miss	6	No revisions (30d)	-72.4%
Dec 31, 2023Dec 23 Reported Jan 25, 2024Reported Jan 25	$0.44	$0.45	$0.41 - $0.47	-2.22%	Miss	6	No revisions (30d)	-31.3%
Sep 30, 2023Sep 23 Reported Oct 19, 2023Reported Oct 19	$0.51	$0.43	$0.40 - $0.46	+18.60%	Beat	6	No revisions (30d)	-13.6%
Jun 30, 2023Jun 23 Reported Jul 20, 2023Reported Jul 20	$0.48	$0.48	$0.44 - $0.52	+0.00%	Beat	6	0 1 30d	-7.7%
Mar 31, 2023Mar 23 Reported Apr 20, 2023Reported Apr 20	$0.58	$0.60	$0.54 - $0.65	-3.33%	Miss	6	0 1 30d	+3.6%
Dec 31, 2022Dec 22 Reported Jan 26, 2023Reported Jan 26	$0.64	$0.64	$0.61 - $0.66	+0.00%	Beat	6	No revisions (30d)	+16.4%
Sep 30, 2022Sep 22 Reported Oct 20, 2022Reported Oct 20	$0.59	$0.51	$0.48 - $0.55	+15.69%	Beat	6	1 0 30d	+1.7%
Jun 30, 2022Jun 22 Reported Jul 21, 2022Reported Jul 21	$0.52	$0.45	$0.41 - $0.49	+15.56%	Beat	6	1 1 30d	-42.2%
Mar 31, 2022Mar 22 Reported Apr 21, 2022Reported Apr 21	$0.56	$0.38	$0.33 - $0.42	+47.37%	Beat	6	1 1 30d	-20.0%
Dec 31, 2021Dec 21 Reported Jan 27, 2022Reported Jan 27	$0.55	$0.46	$0.42 - $0.50	+19.57%	Beat	6	No revisions (30d)	-16.7%
Sep 30, 2021Sep 21 Reported Oct 21, 2021Reported Oct 21	$0.58	$0.53	$0.45 - $0.59	+9.43%	Beat	5	No revisions (30d)	+26.1%
Jun 30, 2021Jun 21 Reported Jul 22, 2021Reported Jul 22	$0.90	$0.51	$0.48 - $0.53	+76.47%	Beat	6	No revisions (30d)	+600.0%
Mar 31, 2021Mar 21 Reported Apr 22, 2021Reported Apr 22	$0.70	$0.53	$0.49 - $0.62	+32.08%	Beat	6	2 0 30d	+125.8%
Dec 31, 2020Dec 20 Reported Jan 28, 2021Reported Jan 28	$0.66	$0.47	$0.38 - $0.51	+40.43%	Beat	6	1 0 30d	+40.4%
Sep 30, 2020Sep 20 Reported Oct 22, 2020Reported Oct 22	$0.46	$0.38	$0.35 - $0.40	+21.05%	Beat	5	No revisions (30d)	-4.2%
Jun 30, 2020Jun 20 Reported Jul 23, 2020Reported Jul 23	$-0.18	$0.17	$0.13 - $0.22	-205.88%	Miss	6	1 0 30d	-141.9%
Mar 31, 2020Mar 20 Reported Apr 30, 2020Reported Apr 30	$0.31	$0.31	$0.16 - $0.42	+0.00%	Beat	6	No revisions (30d)	-31.1%
Dec 31, 2019Dec 19 Reported Feb 28, 2020Reported Feb 28	$0.47	$0.46	$0.45 - $0.47	+2.17%	Beat	6	No revisions (30d)	+0.0%
Sep 30, 2019Sep 19 Reported Oct 24, 2019Reported Oct 24	$0.48	$0.47	$0.46 - $0.47	+2.13%	Beat	7	1 0 30d	-4.0%
Jun 30, 2019Jun 19 Reported Jul 25, 2019Reported Jul 25	$0.43	$0.49	$0.47 - $0.52	-12.24%	Miss	7	No revisions (30d)	+16.2%
Mar 31, 2019Mar 19 Reported Apr 25, 2019Reported Apr 25	$0.45	$0.49	$0.47 - $0.51	-8.16%	Miss	7	No revisions (30d)	+15.4%
Dec 31, 2018Dec 18 Reported Mar 1, 2019Reported Mar 1	$0.47	$0.48	$0.48 - $0.51	-2.08%	Miss	5	No revisions (30d)	+11.9%
Sep 30, 2018Sep 18 Reported Oct 25, 2018Reported Oct 25	$0.50	$0.47	$0.39 - $0.51	+6.38%	Beat	5	No revisions (30d)	+42.9%
Jun 30, 2018Jun 18 Reported Jul 25, 2018Reported Jul 25	$0.37	$0.44	$0.41 - $0.46	-15.91%	Miss	5	No revisions (30d)	-5.1%
Mar 31, 2018Mar 18 Reported Apr 26, 2018Reported Apr 26	$0.39	$0.39	$0.35 - $0.46	+0.00%	Beat	6	No revisions (30d)	+25.8%
Dec 31, 2017Dec 17 Reported Jan 25, 2018Reported Jan 25	$0.42	$0.37	$0.35 - $0.38	+13.51%	Beat	6	No revisions (30d)	+27.3%
Sep 30, 2017Sep 17 Reported Oct 26, 2017Reported Oct 26	$0.35	$0.35	$0.34 - $0.36	+0.00%	Beat	6	No revisions (30d)	-
Jun 30, 2017Jun 17 Reported Jul 26, 2017Reported Jul 26	$0.39	$0.32	$0.29 - $0.33	+21.88%	Beat	6	No revisions (30d)	-
Mar 31, 2017Mar 17 Reported Apr 26, 2017Reported Apr 26	$0.31	$0.32	-	-3.13%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Mar 9, 2017Reported Mar 9	$0.33	$0.33	-	+0.00%	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield3.65%

Forward Annual Dividend$1.00

Payout Ratio51.15%

FrequencyQuarterly

Pay MonthsFeb, May, Aug, Nov

Growth

3Y CAGR+4.55%

5Y CAGR+3.71%

HFWA dividend history and ex-dividend dates Run HFWA in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	11.52	EV/EBITDA	9.25x
Price/FCF	14.01x	FCF Yield	7.14%
Profitability
Profit Margin	26.40%	Operating Margin	28.90%
ROE	7.80%	ROIC	6.00%
Financial Health
Debt/Equity	0.17x	Interest Coverage	1.05x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	0.50	Avg Volume	373.17K
52-Week High	$30.99	52-Week Low	$20.77

Technical Indicators Dashboard

Moving Averages

SMA 10$27.43

SMA 20$27.75

SMA 50$28.49

SMA 200$27.33

EMA 10$27.40

EMA 20$27.69

EMA 50$28.20

EMA 200$27.27

MACD

Line: -0.38Signal: -0.35Hist: -0.03

ADX

ADX: 28.4+DI: 17.8-DI: 30.6

Aroon & PSAR

Aroon Up4.0

Aroon Down96.0

PSAR$28.23

Bollinger Bands

Upper Band$28.67

Lower Band$26.83

%B Position663%(Upper)

Band Width0.32

RSI (14-Day)

Neutral

43.5

Momentum Oscillators

Stoch %K23.1

Stoch %D16.6

Williams %R-56.6

ROC (10d)-1.7%

Momentum-0.47

CCI (20d)-79.2

MFI (14d)26.0

Volatility Measures

ATR (14d)$0.52(1.9%)

StdDev (20d)0.46

Hist Vol17.3%(Low)

Volume Flow

VWAP$27.27

OBV750.5K

AD Line-89.4M

CMF (20d)0.009

Volume Metrics

Avg Vol (20d)364.0K

Vol Ratio0.8x

VWMA (20d)$27.84

Pivot Points

R3$27.51

R2$27.26

R1$27.07

Pivot Point$26.82

S1$26.63

S2$26.38

S3$26.19

Advanced Oscillators

TSI-22.41

Ultimate Osc50.0

KST-39.60

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$84.13M	$77.92M	$66.35M	$65.70M	$56.50M	$57.59M	$57.05M	$54.80M	$56.36M	$48.63M	$50.72M	$61.89M
Cost of Revenue	N/A	$20.43M	$20.50M	$23.91M	$24.47M	$23.73M	$26.38M	$29.30M	$26.74M	$24.21M	$21.82M	$16.97M
Gross Profit	N/A	$78.94M	$66.35M	$63.92M	$55.54M	$57.54M	$55.87M	$52.36M	$55.09M	$47.24M	$49.30M	$62.77M

Operating Expenses	$64.32M	$56.55M	$41.48M	$41.62M	$41.09M	$41.38M	$39.54M	$39.29M	$39.10M	$40.37M	$42.72M	$40.97M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	$22.40M	$24.86M	$22.31M	$14.46M	$16.16M	$16.33M	$13.07M	$15.99M	$6.87M	$6.58M	$21.80M

Interest Income	$97.67M	$90.67M	$78.86M	$79.51M	$78.50M	$77.37M	$78.96M	$79.82M	$76.58M	$74.35M	$74.26M	$73.47M
Interest Expense	$22.86M	$21.46M	$20.50M	$22.14M	$23.52M	$23.68M	$25.20M	$26.86M	$25.47M	$22.82M	$20.39M	$17.85M
Income Before Tax	$20.72M	$22.40M	$25.68M	$22.31M	$14.46M	$16.16M	$16.33M	$13.07M	$15.99M	$6.87M	$6.58M	$21.80M
Income Tax Expense	$3.18M	$3.45M	$3.44M	$3.14M	$2.24M	$2.25M	$4.40M	$1.64M	$1.84M	$1.12M	$344,000	$3.58M

Net Income	$17.55M	$18.95M	$22.24M	$19.17M	$12.21M	$13.91M	$11.93M	$11.42M	$14.16M	$5.75M	$6.23M	$18.22M

EBITDA	$28.19M	$29.33M	$50.90M	$22.63M	$20.91M	$22.85M	$37.04M	$13.54M	$16.92M	$7.84M	$24.43M	$23.02M
EBIT	$20.72M	$22.40M	$25.68M	$22.31M	$14.46M	$16.16M	$16.33M	$13.07M	$15.99M	$6.87M	$6.58M	$21.80M

* Some calculated fields are derived from available data when not provided by source

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News

DIMENSIONAL FUND ADVISORS LP Adds Heritage Financial Corp (HFWA)

DIMENSIONAL FUND ADVISORS LP has added 224,949 shares of Heritage Financial Corp (HFWA) at $27.63 per share, increasing its total holding to 2,269,348 shares. This measured addition reflects the firm's systematic...

GuruFocus•Oct 15, 2026 1:14 AM ET10/15/26•Somewhat-Bullish

Heritage Financial Corporation (NASDAQ:HFWA) Stock Rated "Hold" by Wall Street Analysts

Heritage Financial Corporation (NASDAQ:HFWA) has received an average "Hold" rating from Wall Street analysts, with a mixed outlook of four buys, two holds, and one sell...

MarketBeat•Oct 13, 2026 8:12 AM ET10/13/26•Somewhat-Bullish

A passive stake above 5% in Heritage Financial (HFWA) spans multiple investment funds.

Dimensional Fund Advisors LP has reported a 5.5% beneficial ownership in Heritage Financial Corp (HFWA), totaling 2,269,348 common shares, as of September 30...

Stock Titan•Oct 8, 2026 12:11 PM ET10/8/26•Neutral

Third-quarter earnings are expected Oct. 22 before markets open

Heritage Financial (HFWA) announced it expects to release its third-quarter earnings on October 22, 2026, before market open. The company has scheduled a conference call for the same day at 9:00 a.m. Pacific time...

Stock Titan•Sep 30, 2026 1:54 PM ET9/30/26•Neutral

Heritage Financial Announces Earnings Release Date and Conference Call

Heritage Financial Corporation (Nasdaq: HFWA) is scheduled to release its third-quarter earnings on Thursday, October 22, 2026, before the market opens. Following the release...

Yahoo! Finance Canada•Sep 30, 2026 1:54 PM ET9/30/26•Neutral

HFWA Valuation and Fair Value

P/E: 11.5x
Forward P/E: 12.3x
EV/EBITDA: 9.3x
P/FCF: 14.0x
PEG: 2.1x
P/B: 1.0x

See GNG's fair value

HFWA Profitability: Margins, ROIC and FCF

Operating margin: 28.9%
Net margin: 26.4%
ROIC: 6.0%
ROE: 7.8%
FCF margin: 27.3%
FCF yield: 7.1%

HFWA Competitors

Company	Ticker
Univest Corporation Pennsylvania	UVSP
Oppenheimer Holdings Inc	OPY
Gold.com, Inc.	GOLD
Walker & Dunlop Inc	WD
Trupanion Inc	TRUP
Morgan Stanley Direct Lending Fund	MSDL
Jefferson Capital, Inc. Common Stock	JCAP
Heritage Insurance Hldgs Inc	HRTG

Sector: Financial Services

HFWA Analyst Ratings

Consensus: Buy
Analysts: 6
Strong Buy: 1
Buy: 2
Hold: 3
Sell: 0
Strong Sell: 0

HFWA Bull Case vs Bear Case

Bull case

HFWA converts 27.3% of revenue into free cash flow.
HFWA has a 26.4% net profit margin.
HFWA grew quarterly revenue 53.1% year over year.

HFWA Earnings: Beat Rate and Next Report

Beat rate: 5 of 8 quarters (62.5%)
Average surprise: -2.3%
EPS estimate (fiscal period ending Sep 30, 2026): $0.56
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 1 up, 5 down

HFWA Dividend

Forward yield: 3.6%
Payout ratio: 51.2%
3Y DPS growth: 4.6%
5Y DPS growth: 3.7%
Pay months: Feb, May, Aug, Nov

HFWA dividend history

Frequently Asked Questions About HFWA

What is HFWA's current dividend yield?

Heritage Financial Corporation (HFWA) has a forward dividend yield of 3.65%.

Does HFWA pay dividends?

Yes, Heritage Financial Corporation pays dividends with a forward dividend yield of 3.65%.

What is HFWA's P/E ratio?

Heritage Financial Corporation has a price-to-earnings (P/E) ratio of 11.52.

What is HFWA's market cap?

Heritage Financial Corporation (HFWA) has a market capitalization of $1.11B with a current stock price of $27.42.

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