Heritage Financial (HFWA) Expected to Announce Earnings on Thursday

Heritage Financial (NASDAQ:HFWA - Get Free Report) will likely be posting its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect Heritage Financial to post earnings of $0.45 per share and revenue of $60,680.00 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. The company had revenue of $81.65 million for the quarter, compared to analysts' expectations of $58.17 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, analysts expect Heritage Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Financial Trading Down 1.2 %

Shares of HFWA traded down $0.30 during mid-day trading on Thursday, hitting $24.31. The company had a trading volume of 125,767 shares, compared to its average volume of 147,217. Heritage Financial has a 1-year low of $16.55 and a 1-year high of $27.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $25.34 and its 200-day simple moving average is $22.90. The stock has a market cap of $830.19 million, a PE ratio of 22.51 and a beta of 0.57.

Heritage Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.78%. Heritage Financial's dividend payout ratio (DPR) is presently 85.19%.

Insider Activity

In related news, EVP Tony Chalfant sold 2,975 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.50, for a total value of $78,837.50. Following the completion of the sale, the executive vice president now directly owns 20,119 shares in the company, valued at approximately $533,153.50. This represents a 12.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.68% of the company's stock.

Analysts Set New Price Targets

HFWA has been the topic of several research reports. Stephens increased their target price on Heritage Financial from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Piper Sandler upped their price target on Heritage Financial from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $25.00.

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.