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Heritage Financial Corporation HFWA R2KR3KFINANCIAL

Financial Services · Banks - Regional · United States
https://www.hf-wa.com
Company Profile ↓
$29.29
+26.53% 1Y
Mkt Cap$1.20B
P/E13.95
P/B1.09
Div. Yield3.37%
52W High$30.99
52W Low$20.91
Book Value$27.13
EPS (TTM)$2.10

Company Overview

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.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 34.6% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 13.9, below the sector median of 14.5.

Healthy Margins

Maintains a net profit margin of 26.4%.

Dividend Income

Offers a dividend yield of 3.37%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Trailing 12 Months Year-on-year growth — revenue +53.1%, earnings +17.0%.
  • 5-Year Trend Long-term compounding — profit CAGR 34.6%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-
1 Year:53.10%

Compounded Profit Growth

5 Years:34.61%
1 Year:17.00%

Stock Price Performance

1 Year:+26.53%
6 Months:+17.52%
3 Months:+6.31%
1 Month:-1.21%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 83% of range
$20.91 $30.99
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)52.50 · Neutral
Price Performance
1M-1.21%
3M+6.31%
6M+17.52%
1Y+26.53%
Valuation vs Sector

P/E of 13.95 is below the sector median of 14.52 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 26.4%.
  • Profit CAGR of 34.6% over 5 years.
  • Attractive dividend yield of 3.37%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
13.95
Industry PE
14.52
Forward P/E
11.05
PEG Ratio
2.13
Book Value
$27.13
Price to Book
1.09
P/S
4.09
EV/EBITDA
-
Dividend Yield
3.37%

Growth (CAGR)

Revenue 5Y
-
Profit 5Y
34.61%
Revenue (YoY)
53.10%
Earnings (YoY)
17.00%

Profitability & Returns

ROCE
-
ROE
7.80%
ROA
1.00%
Profit Margin
26.40%
Op Margin
28.93%
Gross Margin
0.00%
EPS (Latest Qtr)
$0.42
EPS (TTM)
$2.10

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
$188.75M
Total Assets
$8.43B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
1.40%
Chg in Prom Hold
-0.01%
FII / Inst Holding
82.26%
Chg in FII Hold
0.04%

Financial Snapshot

Enterprise Value
$1.20B
Total Revenue (TTM)
$295.08M
EBITDA
-
Free Cash Flow
$85.66M
Operating Cash Flow
$94.82M
Shares Outstanding
40.91M
Gross Margin
0.00%
Payout Ratio
45.71%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HFWA Heritage Financial Corporation R2KR3KFINANCIAL 29.29 13.95 $1.20B 3.37% - 7.80% - 34.61%
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 358.64 15.37 $953.34B 1.68% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 506.03 15.07 $707.59B 0.00% - 10.50% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 374.00 31.86 $637.34B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 579.21 31.82 $503.60B 0.60% 60.19% - 12.29% 19.21%
6 BAC Bank of America Corporation SPXR3KFINANCIAL 62.68 14.48 $438.31B 2.03% - 11.20% 3.14% 4.27%
7 BRK-A Berkshire Hathaway Inc. FINANCIAL 759,350.00 15.07 $384.00B 0.00% - 10.50% 7.60% 10.02%
8 HSBC HSBC Holdings plc FINANCIAL 107.11 15.30 $367.34B 3.62% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 217.72 17.59 $342.26B 2.15% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Mar 2026Jun 2026
Net Income 8.72M9.49M9.49M9.09M8.89M11.04M9.89M9.32M11.83M10.62M10.02M9.09M11.86M15.50M16.61M16.55M15.98M17.89M17.13M12.19M-6.14M16.64M23.88M25.34M32.70M20.59M19.76M18.58M20.99M20.46M16.85M18.22M5.75M14.16M11.42M13.91M12.21M19.17M18.95M17.55M
Diluted EPS 0.290.320.320.300.300.370.330.310.400.350.330.270.350.420.450.450.430.480.470.34-0.170.460.660.700.900.580.560.520.590.580.480.510.160.410.330.400.360.550.480.42

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Net Income 581.00K13.35M6.52M13.26M9.57M21.01M37.49M38.92M41.79M53.06M67.56M46.57M98.03M81.88M61.76M43.26M67.53M
Diluted EPS -0.101.040.420.870.010.011.251.301.391.491.831.292.732.311.751.241.96

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.37B1.37B1.35B1.66B3.46B3.65B3.88B4.11B5.32B5.55B6.62B7.43B6.98B7.17B7.11B6.97B
Total Equity 113.15M158.50M202.28M202.52M198.94M215.76M454.51M469.97M481.76M508.31M760.72M809.31M820.44M854.43M797.89M853.26M863.53M921.50M
Cash & Equivalents 60.63M107.23M168.89M123.17M104.27M130.40M121.64M126.64M103.75M103.02M161.91M228.57M743.32M1.72B103.59M224.97M117.10M233.09M
Total Liabilities --1.17B1.17B1.15B1.44B3.00B3.18B3.40B3.60B4.56B4.74B5.79B6.58B6.18B6.32B6.24B6.05B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 9.87M27.07M20.87M27.88M30.90M51.34M51.40M53.98M73.51M90.41M92.49M70.33M69.53M94.46M109.52M64.48M94.82M
Investing Cash Flow -34.03M243.76M-61.77M-3.50M-16.59M-121.65M-216.62M-252.93M-241.39M-109.60M-125.30M-538.55M163.76M-1.21B-93.45M-85.90M186.75M
Financing Cash Flow 70.76M-209.07M-4.82M-43.28M11.83M61.55M170.23M176.05M167.15M78.08M99.47M982.97M746.68M-506.38M105.31M-86.45M-165.58M
Capital Expenditure -1.98M-6.91M-3.13M-3.86M-5.21M-3.94M-1.82M-6.72M-3.06M-23.27M-13.04M-7.00M-3.02M-4.02M-10.38M-3.46M-9.16M
Free Cash Flow 7.89M20.16M17.74M24.02M25.69M47.40M49.58M47.26M70.45M67.15M79.45M63.33M66.51M90.44M99.15M61.02M85.66M
Share Buybacks --2.34M6.02M8.82M2.60M7.74M2.89M737.00K1.70M8.64M19.12M22.89M3.20M6.97M22.42M5.52M
Dividends Paid 1.20M1.17M---------------

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----------------
Operating Margin % -----------------
Net Margin % -----------------
ROE % 0.4%6.6%3.2%6.7%4.4%4.6%8.0%8.1%8.2%7.0%8.3%5.7%11.5%10.3%7.2%5.0%7.3%
ROCE % -----------------

Shareholding Pattern

Insiders
1.40%
Institutions
82.26%
Public Float
83.43%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.20% 5.81M $166.60M
2 Jennison Associates LLC 8.65% 3.54M $101.44M
3 Victory Capital Management Inc. 5.77% 2.36M $67.69M
4 Dimensional Fund Advisors LP 5.00% 2.04M $58.61M
5 State Street Corporation 4.84% 1.98M $56.83M
6 Vanguard Capital Management LLC 4.48% 1.83M $52.60M
7 Alliancebernstein L.P. 2.78% 1.14M $32.58M
8 Geode Capital Management, LLC 2.70% 1.10M $31.65M
9 Vanguard Portfolio Management LLC 1.83% 749.71K $21.49M
10 Basswood Capital Management, L.L.C. 1.68% 689.01K $19.75M

Analyst View

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Latest News

Recent headlines for HFWA

Google News hu, 03 Sep 2026

Heritage Financial (HFWA) director exits indirect stake with 13,675-share sale - Stock Titan

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Google News hu, 03 Sep 2026

WSBF Surges 43% in a Year: Reason to Buy the Stock Now? - Yahoo Finance

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Google News ue, 01 Sep 2026

Empowered Funds LLC Buys Shares of 178,912 Heritage Financial Corporation $HFWA - marketbeat.com

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Google News Mon, 31 Aug 2026

(HFWA) Risk Channels and Responsive Allocation - Stock Traders Daily

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Google News hu, 03 Sep 2026

Heritage Financial director Brian Charneski sells $399,091 in stock By Investing.com - Investing.com South Africa

<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxOTWFrcFM3X0E4WFZaZlRfSXk2QjJXcWFZMHZiS1dGMmdnd0FCRUVHVURxMlBIU3BaLWFnX3d0V293Z2REd2p1MEo5RmZEMzkxbnFVUTZOTFIwNnhtcV9hTXhIOUowRldHU0tDbmpYWElxMHdTUFdkUG5kM2NyWUpHalAtaEhxLVEtZ1hVTW…

Google News ue, 21 Jul 2026

Heritage Financial Corp (NASDAQ:HFWA): A Minervini Trend Template High-Growth Momentum Candidate - ChartMill

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HFWA — Frequently Asked Questions

What is the current share price of Heritage Financial Corporation (HFWA)?

As of 2026-09-07 16:24 PDT, Heritage Financial Corporation (HFWA) trades at $29.29 on NasdaqGS. Its 52-week range is $20.91 to $30.99.

What is the market capitalisation of HFWA?

Heritage Financial Corporation (HFWA) has a market capitalisation of $1.20B on NasdaqGS.

What is the P/E ratio of HFWA?

HFWA trades at a trailing price-to-earnings (P/E) ratio of 13.95. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 1.09.

Does HFWA pay a dividend?

Heritage Financial Corporation (HFWA) currently offers a dividend yield of 3.37%.

What is the return on equity (ROE) of HFWA?

HFWA has a return on equity (ROE) of 7.80%.

Is HFWA a good stock to buy?

This page provides a data-driven analysis of Heritage Financial Corporation (HFWA), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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