Heritage Financial Corp
HFWA
NASDAQ
Banking
$29.89
USD
+0.09 (+0.30%)
At close: Jul 28, 2026, 4:00 PM EDT
Market Cap $1.24B
Volume 390.1K
About Heritage Financial Corp
Heritage Financial Corp. is a bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary, Heritage Bank. The company is headquartered in Olympia, Washington and currently employs 905 full-time employees. The firm has a branching network in Washington, Oregon, and Idaho. The firm also does business under the Whidbey Island Bank name on Whidbey Island and the Kitsap Bank name. The firm's business consists primarily of commercial lending and deposit relationships with small- to medium-sized businesses and their owners in its market areas, as well as deposits from the general public. The firm also makes real estate construction and land development loans, consumer loans and residential real estate loans on single family properties located primarily in its markets. The company offers a full range of products and services to customers for personal and business banking needs designed for both short-term and long-term deposits. The firm also offers investment advice through a wealth management department.
CEO
Mr. Bryan Mcdonald
HQ
Olympia, WASHINGTON, US
Founded
1998
Employees
905
Quantli Score
8.4
Outperform
Fin. Health
8.1
Profitability
7.6
Growth
9.0
Cash-Flow Q.
8.8
Key Metrics
7 metrics our research team weighs before forming a view on HFWA.
Based on Quantli research · SEC filings · as of Q1 2026
METRIC
VALUE
CHANGE
TREND (3Y)
Revenue Growth (TTM)
8.3%
-0.8 pp
Gross Margin (TTM)
75.3%
+6.2 pp
Operating Margin (TTM)
24.0%
+5.1 pp
Net Margin (TTM)
20.5%
+4.8 pp
ROE (TTM)
6.5%
+0.7 pp
EPS Growth (TTM)
37.8%
+26.6 pp
Free Cash Flow (TTM)
$80.29M
+19.5%
Financial Snapshot
Revenue
$354.07M
+8.3%
YoY
Gross Margin
75%
TTM
+9.0%
YoY
Net Income
$72.57M
+41.1%
YoY
Operating Cash Flow
$89.53M
+26.4%
YoY
Key Statistics
Open
$30.02
Previous Close
$29.80
Day Range
$29.63 - $30.84
52 Week Range
$21.32 - $31.25
Volume
390.1K
Average Volume (10 Days)
540.0K
Market Cap
$1.24B
P/E Ratio (TTM)
17.03
P/S Ratio (TTM)
3.49
Dividend Yield
2.64%
Valuation Measurement
Market Cap
$1.24B
Trailing P/E
17.03
Price / Sales
3.49
Price / Book
1.11
Financial Highlights
Profit Margin
20.5%
Return on Assets
0.9%
Return on Equity
6.5%
Revenue (TTM)
$354.07M
Net Income (TTM)
$72.57M
Diluted EPS (TTM)
$2.04
Total Cash (MRQ)
$98.26M
Levered FCF (TTM)
$80.29M
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Analyst Consensus
Based on 1 analyst ratings
Avg Target: $32.00
(+7.1% upside)
High: $32.00 · Low: $32.00
Strong Buy
0%
Buy
0%
Hold
100%
Sell
0%
Strong Sell
0%