Heritage Financial (HFWA) Projected to Post Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) is expected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.45 per share and revenue of $60,680.00 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results 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 net margin of 12.27% and a return on equity of 7.01%. The firm had revenue of $81.65 million for the quarter, compared to the consensus estimate of $58.17 million. During the same period in the prior year, the business earned $0.51 EPS. 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 Price Performance

Shares of Heritage Financial stock opened at $24.71 on Wednesday. Heritage Financial has a 52 week low of $16.55 and a 52 week high of $27.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market cap of $843.85 million, a PE ratio of 22.88 and a beta of 0.57. The company’s 50-day moving average price is $25.19 and its two-hundred day moving average price is $23.13.

Insider Buying and Selling at Heritage Financial

In other Heritage Financial news, EVP Tony Chalfant sold 2,975 shares of Heritage Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.50, for a total transaction of $78,837.50. Following the transaction, the executive vice president now directly owns 20,119 shares in the company, valued at approximately $533,153.50. The trade was a 12.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.68% of the company’s stock.

Wall Street Analysts Forecast Growth

HFWA has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Stephens upped their price target on Heritage Financial from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

Heritage Financial Company Profile

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.