Heritage Financial Co. (NASDAQ:HFWA – Get Free Report) has received an average recommendation of “Moderate Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.50.
A number of research analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Heritage Financial from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on Heritage Financial from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, July 26th.
Check Out Our Latest Research Report on HFWA
Institutional Inflows and Outflows
Heritage Financial Stock Down 2.2 %
NASDAQ:HFWA opened at $22.28 on Tuesday. The stock has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $19.43. Heritage Financial has a 52-week low of $15.50 and a 52-week high of $23.82. The company has a market cap of $772.89 million, a PE ratio of 16.75 and a beta of 0.53. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 0.81.
Heritage Financial (NASDAQ:HFWA – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. Heritage Financial had a net margin of 14.59% and a return on equity of 7.95%. The company had revenue of $56.36 million during the quarter, compared to analysts’ expectations of $58.27 million. On average, sell-side analysts expect that Heritage Financial will post 1.66 EPS for the current fiscal year.
Heritage Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.13%. The ex-dividend date was Wednesday, August 7th. Heritage Financial’s dividend payout ratio (DPR) is currently 69.17%.
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.
Recommended Stories
- Five stocks we like better than Heritage Financial
- Stock Average Calculator
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- MarketBeat Week in Review – 9/16 – 9/20
- How to Start Investing in Real Estate
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Heritage Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Financial and related companies with MarketBeat.com's FREE daily email newsletter.