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Heritage Financial Corporation (HFWA)

Financial Services | Banks - Regional | Olympia, United States | NasdaqGS
29.81 USD +0.39 (1.326%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★★☆Dividends:★★★⯪☆
Hot Take ↕ | July 11, 2026, 5:30 a.m. EDT

Heritage Financial presents a compelling case for a medium-to-long-term buy, driven by a powerful convergence of aggressive growth and a pristine balance sheet. The company is executing exceptionally well, boasting a 37% revenue surge and a 36% jump in quarterly earnings, all while maintaining a fortress-like capital structure with minimal debt relative to cash reserves. The market has rewarded this quality handsomely, delivering a 43% cumulative gain over the last nine years without a single trailing year of decline, suggesting the recent price appreciation is a validation of superior business execution rather than a bubble. While the statistical forecast model hints at minor short-term noise and options traders are hedging against a drop, these signals are secondary to the robust fundamentals. The stock trades at a reasonable multiple for a high-growth regional bank, offering a rare combination of explosive top-line growth and safety. For investors willing to hold through minor volatility, the trajectory suggests significant room to run as the market continues to reassess the quality of this regional player.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_126 ✓0.026284
MSTL_900.028742
MSTL0.031027
AutoTheta0.032411
AutoETS0.032430
AutoARIMA0.032430
MSTL_90_1260.037077

Forecast horizon: 60 days | Selected: MSTL_126

Forecast Reliability
Score 47%
H-stat 3.25
Ljung-Box p 0.000
Jarque-Bera p 0.981
Excess Kurtosis -0.11
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-05-05
Last Dividend Date 2026-05-05
Revenue per Share 7.552
Market Cap 1,228,732,928
Trailing P/E 14.61
Forward P/E 10.66
Beta 0.49
Profit Margins 27.32%
Website https://www.hf-wa.com

As of July 11, 2026, 5:30 a.m. EDT: Speculator positioning is heavily skewed toward downside protection. In the December expiration, there is significant volume and open interest in deep out-of-the-money puts (strikes 17.5 and 20.0), while call activity is virtually non-existent except for a small anchor at the money. This indicates a speculative bias against further declines rather than a bullish bet on a rally.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.87% 3.96% 4.31% 3.96%
Dividend History
Date Dividend Yield %
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
dividendRate 0.96
dividendYield 3.26
exDividendDate 2026-05-06
trailingAnnualDividendRate 0.96
trailingAnnualDividendYield 0.03263086
lastDividendValue 0.24
lastDividendDate 2026-05-06
dividendDate 2026-05-20

Info Dump

Attribute Value
52 Week Change 0.14341235
Address1 201 Fifth Avenue SW
All Time High 37.4
All Time Low 6.72619
Ask 37.93
Ask Size 2
Audit Risk 8
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 379,130
Average Daily Volume3 Month 280,644
Average Volume 280,644
Average Volume10Days 379,130
Beta 0.49
Bid 21.24
Bid Size 2
Board Risk 5
Book Value 27.047
City Olympia
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 29.81
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 29.87
Day Low 29.365
Display Name Heritage Financial
Dividend Date 1,779,235,200
Dividend Rate 0.96
Dividend Yield 3.26
Earnings Call Timestamp End 1,784,836,800
Earnings Call Timestamp Start 1,784,836,800
Earnings Growth 0.2
Earnings Quarterly Growth 0.362
Earnings Timestamp 1,784,809,800
Earnings Timestamp End 1,784,809,800
Earnings Timestamp Start 1,784,809,800
Ebitda Margins 0.0
Enterprise To Revenue 3.777
Enterprise Value 1,003,013,952
Eps Current Year 2.38833
Eps Forward 2.79667
Eps Trailing Twelve Months 2.04
Esg Populated 0
Ex Dividend Date 1,778,025,600
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 27.9458
Fifty Day Average Change 1.8641987
Fifty Day Average Change Percent 0.06670765
Fifty Two Week Change Percent 14.341235
Fifty Two Week High 30.58
Fifty Two Week High Change -0.77000046
Fifty Two Week High Change Percent -0.02517987
Fifty Two Week Low 21.32
Fifty Two Week Low Change 8.49
Fifty Two Week Low Change Percent 0.39821762
Fifty Two Week Range 21.32 - 30.58
Financial Currency USD
First Trade Date Milliseconds 894,547,800,000
Five Year Avg Dividend Yield 3.87
Float Shares 40,554,370
Forward Eps 2.79667
Forward P E 10.659105
Full Exchange Name NasdaqGS
Full Time Employees 905
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.0
Gross Profits 265,575,008
Has Pre Post Market Data 1
Held Percent Insiders 0.01446
Held Percent Institutions 0.80854
Implied Shares Outstanding 41,218,817
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 1,778,025,600
Last Dividend Value 0.24
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 1,228,732,928
Market State PRE
Max Age 86,400
Message Board Id finmb_374205
Most Recent Quarter 1,774,915,200
Net Income To Common 72,568,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,228,732,934
Number Of Analyst Opinions 5
Open 29.52
Operating Cashflow 89,535,000
Operating Margins 0.32294998
Overall Risk 3
Payout Ratio 0.4706
Peg Ratio 2.13
Phone 360 943 1500
Pre Market Change 0.10000038
Pre Market Change Percent 0.33545917
Pre Market Price 29.91
Pre Market Time 1,784,016,386
Previous Close 29.42
Price Eps Current Year 12.481524
Price Hint 2
Price To Book 1.1021554
Price To Sales Trailing12 Months 4.626689
Profit Margins 0.27325
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.5
Region US
Regular Market Change 0.389999
Regular Market Change Percent 1.32563
Regular Market Day High 29.87
Regular Market Day Low 29.365
Regular Market Day Range 29.365 - 29.87
Regular Market Open 29.52
Regular Market Previous Close 29.42
Regular Market Price 29.81
Regular Market Time 1,783,972,801
Regular Market Volume 443,019
Return On Assets 0.00929
Return On Equity 0.072670005
Revenue Growth 0.372
Revenue Per Share 7.552
Sand P52 Week Change 0.20365608
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 3
Shares Outstanding 41,218,817
Shares Percent Shares Out 0.063
Shares Short 2,598,507
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 2,492,638
Short Name Heritage Financial Corporation
Short Percent Of Float 0.0728
Short Ratio 7.5
Source Interval 15
State WA
Symbol HFWA
Target High Price 34.0
Target Low Price 30.0
Target Mean Price 31.4
Target Median Price 31.0
Total Cash 284,767,008
Total Cash Per Share 6.909
Total Debt 59,048,000
Total Revenue 265,575,008
Tradeable 0
Trailing Annual Dividend Rate 0.96
Trailing Annual Dividend Yield 0.03263086
Trailing Eps 2.04
Trailing P E 14.612745
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 25.76
Two Hundred Day Average Change 4.049999
Two Hundred Day Average Change Percent 0.15722047
Type Disp Equity
Volume 443,019
Website https://www.hf-wa.com
Zip 98,501