Heritage Financial (NASDAQ:HFWA - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.09), Zacks reports. Heritage Financial had a net margin of 14.59% and a return on equity of 7.95%. The business had revenue of $81.65 million during the quarter, compared to analyst estimates of $58.17 million. During the same period in the prior year, the firm earned $0.51 earnings per share.
Heritage Financial Stock Down 0.1 %
NASDAQ HFWA traded down $0.02 on Friday, reaching $22.34. The company had a trading volume of 127,156 shares, compared to its average volume of 127,507. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.61. The company's fifty day moving average is $21.94 and its 200 day moving average is $19.96. Heritage Financial has a 52-week low of $15.94 and a 52-week high of $23.82. The stock has a market capitalization of $770.73 million, a P/E ratio of 17.73 and a beta of 0.53.
Heritage Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.92 annualized dividend and a dividend yield of 4.12%. Heritage Financial's payout ratio is 73.02%.
Analyst Ratings Changes
A number of research analysts recently issued reports on HFWA shares. Piper Sandler boosted their target price on shares of Heritage Financial from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods increased their price objective on shares of Heritage Financial from $20.00 to $23.00 and gave the stock a "market perform" rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.50.
Read Our Latest Report on HFWA
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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