Heritage Financial (HFWA) Set to Announce Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Heritage Financial had a net margin of 20.37% and a return on equity of 8.66%. The company had revenue of $50.72 million during the quarter, compared to the consensus estimate of $62.00 million. On average, analysts expect Heritage Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Financial Stock Performance

Shares of Heritage Financial stock opened at $18.12 on Tuesday. The company has a 50 day moving average of $18.39 and a 200-day moving average of $18.71. The company has a market cap of $627.95 million, a PE ratio of 10.35 and a beta of 0.54. Heritage Financial has a 1-year low of $14.85 and a 1-year high of $22.55. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61.

Heritage Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a $0.23 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.92 dividend on an annualized basis and a yield of 5.08%. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.22. Heritage Financial’s dividend payout ratio (DPR) is currently 52.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HFWA shares. Stephens restated an “equal weight” rating and set a $22.00 price target on shares of Heritage Financial in a report on Wednesday, March 13th. DA Davidson lowered their price target on shares of Heritage Financial from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Keefe, Bruyette & Woods lowered their price target on shares of Heritage Financial from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Finally, StockNews.com raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.25.

About Heritage Financial

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.