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Heritage Financial Corporation HFWA · Stock Open Heritage Financial Corporation in new tab

29.04 USD
P/E
13.89
EPS
2.04
Yield
3.31%
Safety Score
97
P/B
1.05
ROE
7.27
Beta
0.51
Target Price
30.60 USD
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Key Metrics
Earnings dateJuly 23, 2026
P/E13.89
EPS2.04
Book Value27.05
Price to Book1.05
% Insiders1.443%
Growth
Revenue Growth0.37%
Earnings Growth0.20%
Estimates
Forward P/E10.14
Forward EPS2.80
Target Mean Price30.60
Dividend
Dividend Yield3.31%
Annual dividends0.96 USD
Ex-Div. DateMay 6, 2026
Payout44.98%
5y avg Yield3.87%

DCF Valuation

Tweak assumptions to recompute fair value for Heritage Financial Corporation (HFWA)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Heritage Financial Corporation Logo Heritage Financial Corporation Analysis (HFWA)

United States Financials Official Website Stock

Is Heritage Financial Corporation a good investment? Heritage Financial Corporation (HFWA) is currently trading at 29.04 USD. Market analysts have a consensus price target of 30.60 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 13.89. This relatively low multiple may signal that Heritage Financial Corporation is undervalued compared to historical market norms.

Earnings Schedule: Heritage Financial Corporation is expected to release its next earnings report on July 23, 2026. The market consensus estimate for Forward EPS is 2.80.

For income investors, Heritage Financial Corporation pays a dividend yield of 3.31%. With a payout ratio of 45%, the dividend appears sustainable.

Investor FAQ

Does Heritage Financial Corporation pay a dividend?

Yes, it pays an annual dividend of 0.96 USD (3.31% yield).

What asset class is Heritage Financial Corporation?

Heritage Financial Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 23, 2026. The company currently has a trailing EPS of 2.04.

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 its owners 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. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

Exchange Ticker
NMS (United States) HFWA
Trades
Dividend Yield
3.31%
5y avg 3.87%
Annual Dividends
0.96USD
Next Ex. Div Date
May 6, 2026
Payout Ratio
44.98%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.49 USD
May 10, 2027 (estimated) 0.2486
Jan. 13, 2027 (estimated) 0.2400
2026
0.97 USD
Nov. 6, 2026 (estimated) 0.2460
Aug. 10, 2026 (estimated) 0.2486
May 6, 2026 0.2400
Jan. 28, 2026 0.2400
2025
0.96 USD
Nov. 5, 2025 0.2400
Aug. 6, 2025 0.2400
May 7, 2025 0.2400
Feb. 6, 2025 0.2400
2024
0.92 USD
Nov. 6, 2024 0.2300
Aug. 7, 2024 0.2300
May 7, 2024 0.2300
Feb. 7, 2024 0.2300
2023
0.88 USD
Oct. 31, 2023 0.2200
Aug. 1, 2023 0.2200
May 3, 2023 0.2200
Feb. 7, 2023 0.2200
2022
0.84 USD
Nov. 1, 2022 0.2100
Aug. 2, 2022 0.2100
May 3, 2022 0.2100
Feb. 8, 2022 0.2100
2021
0.81 USD
Nov. 2, 2021 0.2100
Aug. 3, 2021 0.2000
May 4, 2021 0.2000
Feb. 9, 2021 0.2000
2020
0.80 USD
Nov. 3, 2020 0.2000
Aug. 4, 2020 0.2000
May 12, 2020 0.2000
Feb. 5, 2020 0.2000
2019
0.84 USD
Nov. 6, 2019 0.2900
Aug. 7, 2019 0.1900
May 7, 2019 0.1800
Feb. 6, 2019 0.1800
2018
0.72 USD
Nov. 6, 2018 0.2700
Aug. 8, 2018 0.1500
May 9, 2018 0.1500
Feb. 6, 2018 0.1500
2017
0.61 USD
Nov. 7, 2017 0.2300
Aug. 8, 2017 0.1300
May 8, 2017 0.1300
Feb. 7, 2017 0.1200
2016
0.72 USD
Nov. 4, 2016 0.3700
Aug. 2, 2016 0.1200
May 3, 2016 0.1200
Feb. 8, 2016 0.1100
2015
0.53 USD
Nov. 2, 2015 0.2100
Aug. 4, 2015 0.1100
May 5, 2015 0.1100
Feb. 6, 2015 0.1000
2014
0.50 USD
Nov. 28, 2014 0.1600
Nov. 4, 2014 0.0900
Aug. 5, 2014 0.0900
April 4, 2014 0.0800
Feb. 6, 2014 0.0800
2013
0.42 USD
Nov. 1, 2013 0.0800
Aug. 2, 2013 0.1800
May 8, 2013 0.0800
Feb. 6, 2013 0.0800
2012
0.58 USD
Nov. 7, 2012 0.0800
Aug. 10, 2012 0.0800
Aug. 8, 2012 0.0800
July 6, 2012 0.2000
May 8, 2012 0.0800
Feb. 8, 2012 0.0600
2011
0.38 USD
Nov. 23, 2011 0.2500
Nov. 8, 2011 0.0500
Aug. 10, 2011 0.0500
May 11, 2011 0.0300
2009
0.10 USD
Feb. 3, 2009 0.1000
2008
0.77 USD
Oct. 10, 2008 0.1400
July 11, 2008 0.2100
April 11, 2008 0.2100
Jan. 11, 2008 0.2100
2007
0.84 USD
Oct. 11, 2007 0.2100
July 12, 2007 0.2100
April 12, 2007 0.2100
Jan. 10, 2007 0.2100
2006
0.79 USD
Oct. 12, 2006 0.2050
July 13, 2006 0.2000
April 12, 2006 0.1950
Jan. 11, 2006 0.1900
2005
0.69 USD
Oct. 13, 2005 0.1850
July 13, 2005 0.1714
April 13, 2005 0.1667
Jan. 12, 2005 0.1619
2004
0.60 USD
Oct. 13, 2004 0.1571
July 13, 2004 0.1524
April 13, 2004 0.1476
Jan. 13, 2004 0.1429
2003
0.52 USD
Oct. 10, 2003 0.1381
July 11, 2003 0.1333
April 11, 2003 0.1286
Jan. 13, 2003 0.1238
2002
0.45 USD
Oct. 10, 2002 0.1190
July 11, 2002 0.1143
April 11, 2002 0.1095
Jan. 11, 2002 0.1048
2001
0.37 USD
Oct. 11, 2001 0.1000
July 12, 2001 0.0952
April 11, 2001 0.0905
Jan. 17, 2001 0.0857
2000
0.29 USD
Oct. 12, 2000 0.0810
July 12, 2000 0.0762
April 12, 2000 0.0714
Jan. 12, 2000 0.0619
1999
0.27 USD
Oct. 13, 1999 0.0619
July 13, 1999 0.0571
April 13, 1999 0.0524
Jan. 13, 1999 0.0952
1998
0.19 USD
Oct. 2, 1998 0.0952
July 1, 1998 0.0952
Upcoming Dividends
Name Payment Date Status Amount
Heritage Financial Corporation May 06, 2026 0.24 USD
Heritage Financial Corporation Jan 28, 2026 0.24 USD
Heritage Financial Corporation Nov 05, 2025 0.24 USD
Heritage Financial Corporation Aug 06, 2025 0.24 USD
Stock Splits
Split Date Split Ratio to 1
Sept. 28, 2005 1.050000
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