
Heritage Financial Corporation
HFWANASDAQFinancial ServicesBanks - Regional
Previous close
$29.10
+$0.15 · +0.52%
Pre-market
$29.40
+$0.30 · +1.03%
Aug 24, 5:11 AM ET
HFWA company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Buy
Favorable setup — positive multi-factor alignment
Valuation
85
Deep Value
Momentum
55
Neutral
Sentiment
70
Bullish
Risk resilience
78
Moderate Risk
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Company profile
Company websiteHeritage Financial Corporation operates as the parent company for Heritage Bank, providing a comprehensive range of financial services to individuals and small to mid-sized businesses throughout the United States. The company's deposit offerings include various checking accounts (both interest and non-interest bearing), money market accounts, savings accounts, and certificates of deposit. Its extensive lending portfolio encompasses commercial and industrial financing, real estate loans for both owner-occupied and investment properties, residential mortgages for single to four-family dwellings, and funding for construction and land development projects. Additionally, it extends consumer loans, lines of credit, equipment financing, and commercial business loans to a wide array of sectors such as real estate, leasing, healthcare, hospitality, retail, and construction. Heritage Financial also originates loans backed by the U.S. Small Business Administration and delivers trust services along with professional financial guidance. As of January 27, 2022, the corporation managed 49 banking locations situated across Washington and Oregon. Established in 1927 and headquartered in Olympia, Washington, the company adopted its current name in 1998, having previously operated as Heritage Financial Corporation, M.H.C.
- Industry
- Banks - Regional
- Sector
- Financial Services
- Headquarters
- US
- CEO
- Bryan D. McDonald
- Listed since
- May 7, 1998
- Employees
- 976
Market position
Day range
Current $29.10
52-week range
Current $29.10
- Open
- $29.035
- Previous close
- $28.95
- Volume
- 323K
- 0.98× average
- Average volume
- 328.61K
- Average daily volume
- Market cap
- 1.2B USD
- Beta
- 0.49
- Market reference 1
- 50-day average
- $29.52
- -1.42% below average
- 200-day average
- $26.721
- +8.90% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 792.87M USD
- P/E (TTM)
- 13.73×
- P/B (TTM)
- 1.05×
- P/S (TTM)
- 3.57×
- EV / EBITDA
- 9.96×
- Earnings yield
- 8.41%
- Free cash flow yield
- 10.67%
- Dividend yield
- 3.33%
Profitability & efficiency
- Gross margin
- 74.64%
- Operating margin
- 14.03%
- Net margin
- 23.17%
- Return on equity
- 7.33%
- Return on assets
- 0.97%
- Return on invested capital
- 5.72%
Financial health
- Debt / equity
- 0.17×
- Current ratio
- 1.18×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 335.97M USD | 317.19M USD | 303.13M USD | 257.05M USD | 247.45M USD |
| Cost of goods sold | 92.61M USD | 106.63M USD | 63.59M USD | 6.65M USD | −22.33M USD |
| Gross profit | 243.36M USD | 210.56M USD | 239.54M USD | 250.4M USD | 269.78M USD |
| Selling, general, and administrative | 121.13M USD | 102.78M USD | 105.33M USD | 95.75M USD | 93.01M USD |
| Operating expenses | 165.57M USD | 158.3M USD | 166.62M USD | 150.97M USD | 149.27M USD |
| Interest income | 314.24M USD | 309.71M USD | 284.47M USD | 227.46M USD | 212.83M USD |
| Interest expense | 89.83M USD | 100.35M USD | 59.31M USD | 8.07M USD | 7.04M USD |
| Depreciation and amortization | 1.85M USD | 3.23M USD | 5.6M USD | 3.09M USD | −18.63M USD |
| Operating income | 77.79M USD | 52.26M USD | 72.92M USD | 99.44M USD | 120.51M USD |
| Net income | 67.53M USD | 43.26M USD | 61.76M USD | 81.88M USD | 98.04M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 55%
- 6 beats, 5 misses, 0 met estimates
- Average EPS surprise
- -10.41%
- 11 comparable reports
- Latest EPS result
- 0.57
- Estimate 0.45 · Beat by 28.09%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$32.00
9.97% upsideRating distribution
14 ratingsRecent analyst actions
HFWA news
HFWA peers
ETFs holding HFWA
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core S&P Small-Cap ETFIJR74.11M0.07%111.19B USD0.06%$147.31+0.64%
Vanguard Morningstar Total Stock Market ETFVTI39.63M0.00%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM31.35M0.04%81.62B USD0.19%$299.96+0.77%
Vanguard Extended Market ETFVXF14.19M0.01%93.7B USD0.05%$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM11.17M0.07%17.03B USD0.03%$57.28+0.61%
iShares Russell 2000 Value ETFIWN11.08M0.08%14.66B USD0.24%$224.81+0.45%
iShares S&P Small-Cap 600 Value ETFIJS10.8M0.13%8.33B USD0.18%$138.43+0.67%
State Street SPDR S&P Regional Banking ETFKRE9.88M0.24%4.06B USD0.35%$74.86+0.20%
iShares Core S&P Small-Cap ETFIJR- Market value
- 74.11M
- Weight
- 0.07%
- AUM
- 111.19B USD
- Expense ratio
- 0.06%
- Price / 1D
- $147.31+0.64%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 39.63M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 31.35M
- Weight
- 0.04%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Extended Market ETFVXF- Market value
- 14.19M
- Weight
- 0.01%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM- Market value
- 11.17M
- Weight
- 0.07%
- AUM
- 17.03B USD
- Expense ratio
- 0.03%
- Price / 1D
- $57.28+0.61%
iShares Russell 2000 Value ETFIWN- Market value
- 11.08M
- Weight
- 0.08%
- AUM
- 14.66B USD
- Expense ratio
- 0.24%
- Price / 1D
- $224.81+0.45%
iShares S&P Small-Cap 600 Value ETFIJS- Market value
- 10.8M
- Weight
- 0.13%
- AUM
- 8.33B USD
- Expense ratio
- 0.18%
- Price / 1D
- $138.43+0.67%
State Street SPDR S&P Regional Banking ETFKRE- Market value
- 9.88M
- Weight
- 0.24%
- AUM
- 4.06B USD
- Expense ratio
- 0.35%
- Price / 1D
- $74.86+0.20%
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