Heritage Financial Corporation (NASDAQ:HFWA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Posted by Brian Himes on Jul 5th, 2026

Heritage Financial Corporation (NASDAQ:HFWA – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.50.

Several analysts have recently issued reports on the company. Zacks Research raised Heritage Financial from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Wall Street Zen raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Piper Sandler reduced their price target on shares of Heritage Financial from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th.

View Our Latest Stock Analysis on Heritage Financial

Heritage Financial Stock Performance

Shares of Heritage Financial stock opened at $29.70 on Friday. Heritage Financial has a twelve month low of $21.32 and a twelve month high of $30.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $27.80 and a 200-day moving average price of $26.62. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 14.56 and a beta of 0.49.

Heritage Financial (NASDAQ:HFWA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Heritage Financial had a return on equity of 8.71% and a net margin of 20.50%.The company had revenue of $77.92 million for the quarter, compared to the consensus estimate of $80.31 million. Equities research analysts anticipate that Heritage Financial will post 2.39 EPS for the current fiscal year.

Heritage Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.96 annualized dividend and a yield of 3.2%. Heritage Financial’s dividend payout ratio (DPR) is 47.06%.

Insider Activity at Heritage Financial

In other news, CFO Donald Hinson sold 3,842 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $28.37, for a total value of $108,997.54. Following the sale, the chief financial officer directly owned 41,241 shares in the company, valued at $1,170,007.17. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund grew its position in Heritage Financial by 2.9% in the first quarter. Illinois Municipal Retirement Fund now owns 18,381 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 514 shares in the last quarter. CWM LLC raised its position in Heritage Financial by 7.7% during the fourth quarter. CWM LLC now owns 8,249 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 592 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Heritage Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,060 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 881 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Heritage Financial by 20.8% in the 4th quarter. GAMMA Investing LLC now owns 5,171 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 891 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Heritage Financial by 2.7% in the 3rd quarter. Intech Investment Management LLC now owns 35,891 shares of the financial services provider’s stock worth $868,000 after purchasing an additional 960 shares during the period. Institutional investors own 78.30% of the company’s stock.

Heritage Financial Company Profile

(Get Free Report)

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.