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

Heritage Financial (NASDAQ:HFWA) is expected to be posting its quarterly earnings results 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 interested in registering for the company’s conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.33 EPS 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 business had revenue of $81.65 million during the quarter, compared to analyst estimates of $58.17 million. During the same period last year, the firm posted $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 Stock Performance

Shares of NASDAQ HFWA opened at $24.71 on Wednesday. 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 firm’s 50-day moving average price is $25.19 and its two-hundred day moving average price is $23.13. Heritage Financial has a 52-week low of $16.55 and a 52-week high of $27.58. The stock has a market capitalization of $843.85 million, a P/E ratio of 22.88 and a beta of 0.57.

Insider Transactions at Heritage Financial

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HFWA. Stephens raised their price target on Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Piper Sandler increased their target price on Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.