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Heritage Financial Corporation (HFWA)

Financial Services | Banks - Regional | Olympia, United States | NasdaqGS
26.80 USD -0.29 (-1.071%) ⇩ (Oct. 14, 2026, 1:14 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 9:25 a.m. EDT

Heritage Financial presents a compelling value case for patient capital, anchored by a robust recovery in fundamentals and a resilient balance sheet. The company has successfully navigated past headwinds, evidenced by a 24% revenue surge and a 43% jump in quarterly earnings, while maintaining a healthy payout ratio of roughly 46%. The stock trades at an attractive multiple of 10x forward earnings, reflecting significant market skepticism that appears unjustified given the operational turnaround. However, the investment thesis faces a hurdle in the form of persistent price weakness. Despite the improving business metrics, the share price has lagged significantly behind the 200-day moving average, suggesting the market is still pricing in lingering risks or simply waiting for confirmation of sustained profitability. This disconnect creates a divergence where the intrinsic value story is strong, but the momentum remains muted. For income-focused investors, the 3.7% yield provides a solid floor, though it is not yet a high-grade income play. The path forward relies on the market finally recognizing that the earnings rebound is real and durable, which could unlock substantial upside from current depressed valuations.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.034244
AutoARIMA0.034244
MSTL0.036212
AutoTheta0.038250

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 43%
H-stat 32.28
Ljung-Box p 0.000
Jarque-Bera p 0.412
Excess Kurtosis -0.94
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-04
Last Dividend Date 2026-08-04
Revenue per Share 7.992
Market Cap 1,096,536,960
Trailing P/E 12.76
Forward P/E 10.17
Beta 0.50
Profit Margins 26.40%
Website https://www.hf-wa.com

As of Oct. 10, 2026, 9:25 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume (150 contracts) expiring in December, suggesting a fear of a drop below the $25 strike. Conversely, call activity is sparse and dominated by deep in-the-money strikes, indicating limited bullish aggression despite the stock trading near its 52-week highs relative to the 2023 lows.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.83% 3.73% 4.19% 3.97%
Dividend History
Date Dividend Yield %
2026-08-05 0.250000 0.833056
2026-05-06 0.240000 0.873999
2026-01-28 0.240000 0.952381
2025-11-05 0.240000 1.067141
2025-08-06 0.240000 1.071429
2025-05-07 0.240000 1.044386
2025-02-06 0.240000 0.931315
2024-11-06 0.230000 0.843108
2024-08-07 0.230000 1.106833
2024-05-07 0.230000 1.228633
2024-02-07 0.230000 1.272124
2023-10-31 0.220000 1.352182
2023-08-01 0.220000 1.189189
2023-05-03 0.220000 1.363073
2023-02-07 0.220000 0.751623
2022-11-01 0.210000 0.633484
2022-08-02 0.210000 0.821918
2022-05-03 0.210000 0.845070
2022-02-08 0.210000 0.810498
2021-11-02 0.210000 0.840336
2021-08-03 0.200000 0.823723
2021-05-04 0.200000 0.703730
2021-02-09 0.200000 0.825764
2020-11-03 0.200000 0.918274
2020-08-04 0.200000 1.085776
2020-05-12 0.200000 1.216545
2020-02-05 0.200000 0.738280
2019-11-06 0.290000 1.021846
2019-08-07 0.190000 0.708427
2019-05-07 0.180000 0.580271
2019-02-06 0.180000 0.568900
2018-11-06 0.270000 0.818678
2018-08-08 0.150000 0.423131
2018-05-09 0.150000 0.476190
2018-02-06 0.150000 0.506757
2017-11-07 0.230000 0.749186
2017-08-08 0.130000 0.476190
2017-05-08 0.130000 0.513834
2017-02-07 0.120000 0.480962
2016-11-04 0.370000 2.049862
2016-08-02 0.120000 0.695249
2016-05-03 0.120000 0.679117
2016-02-08 0.110000 0.632911
2015-11-02 0.210000 1.122995
2015-08-04 0.110000 0.631096
2015-05-05 0.110000 0.656325
2015-02-06 0.100000 0.608643
2014-11-28 0.160000 0.945068
2014-11-04 0.090000 0.514580
2014-08-05 0.090000 0.570342
2014-04-04 0.080000 0.470035
2014-02-06 0.080000 0.492611
2013-11-01 0.080000 0.492914
2013-08-02 0.180000 1.143583
2013-05-08 0.080000 0.580131
2013-02-06 0.080000 0.561010
2012-11-07 0.080000 0.577617
2012-08-10 0.080000 0.566572
2012-08-08 0.080000 0.574713
2012-07-06 0.200000 1.372684
2012-05-08 0.080000 0.591279
2012-02-08 0.060000 0.419874
2011-11-23 0.250000 2.170139
2011-11-08 0.050000 0.416667
2011-08-10 0.050000 0.430663
2011-05-11 0.030000 0.225056
2009-02-03 0.100000 0.847458
2008-10-10 0.140000 1.244444
2008-07-11 0.210000 1.527273
2008-04-11 0.210000 1.220930
2008-01-11 0.210000 1.092612
2007-10-11 0.210000 0.941704
2007-07-12 0.210000 0.887199
2007-04-12 0.210000 0.875000
2007-01-10 0.210000 0.864198
2006-10-12 0.205000 0.809637
2006-07-13 0.200000 0.740466
2006-04-12 0.195000 0.694692
2006-01-11 0.190000 0.782537
2005-10-13 0.185000 0.797070
2005-07-13 0.171429 0.818184
2005-04-13 0.166667 0.810187
2005-01-12 0.161905 0.782690
2004-10-13 0.157143 0.790231
2004-07-13 0.152381 0.846113
2004-04-13 0.147619 0.784810
2004-01-13 0.142857 0.701262
2003-10-10 0.138095 0.659090
2003-07-11 0.133333 0.656659
2003-04-11 0.128571 0.600799
2003-01-13 0.123810 0.684573
2002-10-10 0.119048 0.778819
2002-07-11 0.114286 0.786887
2002-04-11 0.109524 0.827935
2002-01-11 0.104762 0.940172
2001-10-11 0.100000 0.933333
2001-07-12 0.095238 0.955109
2001-04-11 0.090476 0.982418
2001-01-17 0.085714 0.929029
2000-10-12 0.080952 0.971424
2000-07-12 0.076190 0.904588
2000-04-12 0.071429 0.952387
2000-01-12 0.061905 0.838713
1999-10-13 0.061905 0.812503
1999-07-13 0.057143 0.721806
1999-04-13 0.052381 0.647059
1999-01-13 0.095238 1.032257
1998-10-02 0.095238 0.914285
1998-07-01 0.095238 0.672268
Additional Data
dividendYield 3.69
exDividendDate 2026-08-05
trailingAnnualDividendRate 0.96
trailingAnnualDividendYield 0.03543743
lastDividendValue 0.25
lastDividendDate 2026-08-05
dividendDate 2026-08-19

Info Dump

Attribute Value
52 Week Change 0.15818727
Address1 201 Fifth Avenue SW
All Time High 37.4
All Time Low 6.72619
Ask 34.7
Ask Size 2
Audit Risk 8
Average Analyst Rating 2.2 - Buy
Average Daily Volume10 Day 321,720
Average Daily Volume3 Month 397,815
Average Volume 397,815
Average Volume10Days 321,720
Beta 0.497
Bid 19.45
Bid Size 2
Board Risk 4
Book Value 27.128
City Olympia
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 26.8
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 27.01
Day Low 26.57
Display Name Heritage Financial
Dividend Date 1,787,097,600
Dividend Yield 3.69
Earnings Call Timestamp End 1,792,699,200
Earnings Call Timestamp Start 1,792,699,200
Earnings Growth 0.17
Earnings Quarterly Growth 0.436
Earnings Timestamp 1,792,672,200
Earnings Timestamp End 1,792,672,200
Earnings Timestamp Start 1,792,672,200
Ebitda Margins 0.0
Enterprise To Revenue 3.703
Enterprise Value 1,092,774,528
Eps Current Year 2.33833
Eps Forward 2.635
Eps Trailing Twelve Months 2.1
Esg Populated 0
Ex Dividend Date 1,785,888,000
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 28.6156
Fifty Day Average Change -1.8156013
Fifty Day Average Change Percent -0.06344795
Fifty Two Week Change Percent 15.8187275
Fifty Two Week High 31.25
Fifty Two Week High Change -4.450001
Fifty Two Week High Change Percent -0.14240003
Fifty Two Week Low 21.32
Fifty Two Week Low Change 5.4799995
Fifty Two Week Low Change Percent 0.25703564
Fifty Two Week Range 21.32 - 31.25
Financial Currency USD
First Trade Date Milliseconds 894,547,800,000
Five Year Avg Dividend Yield 3.76
Float Shares 40,277,275
Forward Eps 2.635
Forward P E 10.170777
Full Exchange Name NasdaqGS
Full Time Employees 976
Fullday Change -0.29000092
Fullday Change Percent -1.0705091
Fullday Price 26.8
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.0
Gross Profits 295,079,008
Has Pre Post Market Data 1
Held Percent Insiders 0.013990001
Held Percent Institutions 0.82679003
Implied Shares Outstanding 40,915,558
Industry Banks - Regional
Industry Disp Banks - Regional
Industry Key banks-regional
Ir Website http://www.hf-wa.com/stockinfo.aspx?iid=1024198
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,785,888,000
Last Dividend Value 0.25
Last Fiscal Year End 1,767,139,200
Long Business Summary Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners 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. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
Long Name Heritage Financial Corporation
Market us_market
Market Cap 1,096,536,960
Market State REGULAR
Max Age 86,400
Message Board Id finmb_374205
Most Recent Quarter 1,782,777,600
Net Income To Common 77,899,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,154,637,046
Number Of Analyst Opinions 5
Open 26.66
Operating Cashflow 90,109,000
Operating Margins 0.28932
Overall Risk 2
Payout Ratio 0.4571
Peg Ratio 2.13
Phone 360 943 1500
Previous Close 27.09
Price Eps Current Year 11.46117
Price Hint 2
Price To Book 0.98790914
Price To Sales Trailing12 Months 3.7160792
Profit Margins 0.26399
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.16667
Region US
Regular Market Change -0.29000092
Regular Market Change Percent -1.0705091
Regular Market Day High 27.01
Regular Market Day Low 26.57
Regular Market Day Range 26.57 - 27.01
Regular Market Open 26.66
Regular Market Previous Close 27.09
Regular Market Price 26.8
Regular Market Time 1,791,998,087
Regular Market Volume 128,062
Return On Assets 0.01005
Return On Equity 0.07798
Revenue Growth 0.531
Revenue Per Share 7.992
Sand P52 Week Change 0.17004645
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 3
Shares Outstanding 40,915,558
Shares Percent Shares Out 0.0775
Shares Short 3,171,400
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 3,037,024
Short Name Heritage Financial Corporation
Short Percent Of Float 0.0896
Short Ratio 7.25
Source Interval 15
State WA
Symbol HFWA
Target High Price 34.0
Target Low Price 31.0
Target Mean Price 32.4
Target Median Price 32.0
Total Cash 221,364,992
Total Cash Per Share 5.41
Total Debt 205,736,992
Total Revenue 295,079,008
Tradeable 0
Trailing Annual Dividend Rate 0.96
Trailing Annual Dividend Yield 0.03543743
Trailing Eps 2.1
Trailing P E 12.761905
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 27.5333
Two Hundred Day Average Change -0.73330116
Two Hundred Day Average Change Percent -0.026633246
Type Disp Equity
Volume 128,062
Website https://www.hf-wa.com
Zip 98,501