Heritage Financial Co. (NASDAQ:HFWA - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be paid a dividend of 0.23 per share by the financial services provider on Wednesday, November 20th. This represents a $0.92 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, November 6th.
Heritage Financial has increased its dividend by an average of 3.2% annually over the last three years and has increased its dividend every year for the last 13 years. Heritage Financial has a dividend payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Heritage Financial to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 51.7%.
Heritage Financial Stock Down 0.1 %
Shares of NASDAQ HFWA traded down $0.02 during midday trading on Friday, hitting $22.34. 127,156 shares of the stock traded hands, compared to its average volume of 182,615. The business has a 50 day moving average price of $21.93 and a two-hundred day moving average price of $19.92. Heritage Financial has a one year low of $15.94 and a one year high of $23.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $774.97 million, a PE ratio of 16.80 and a beta of 0.53.
Heritage Financial (NASDAQ:HFWA - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.04. The firm had revenue of $56.36 million for the quarter, compared to analyst estimates of $58.27 million. Heritage Financial had a net margin of 14.59% and a return on equity of 7.95%. On average, equities analysts predict that Heritage Financial will post 1.66 EPS for the current year.
Analyst Ratings Changes
HFWA has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on Heritage Financial from $23.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on Heritage Financial from $20.00 to $23.00 and gave the stock a "market perform" rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $23.50.
View Our Latest Report on Heritage Financial
About Heritage Financial
(
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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.
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