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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

Price (USD)
Price (USD)

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

Full Financials

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

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

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Analyst Consensus

Hold

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%

View full analyst ratings