Heritage Financial Corporation

NasdaqGS:HFWA Stock Report

Market Cap: US$832.3m

Heritage Financial Future Growth

Future criteria checks 4/6

Heritage Financial is forecast to grow earnings and revenue by 29.4% and 11.4% per annum respectively. EPS is expected to grow by 30.4% per annum. Return on equity is forecast to be 7.7% in 3 years.

Key information

29.4%

Earnings growth rate

30.4%

EPS growth rate

Banks earnings growth10.7%
Revenue growth rate11.4%
Future return on equity7.7%
Analyst coverage

Good

Last updated19 Dec 2024

Recent future growth updates

Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Oct 27
Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Recent updates

Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Oct 27
Heritage Financial Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.23

Jan 28
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.23

Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.22

Apr 25
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be Increased To $0.22

Heritage Financial's (NASDAQ:HFWA) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 31
Heritage Financial's (NASDAQ:HFWA) Shareholders Will Receive A Bigger Dividend Than Last Year

Heritage Financial declares $0.21 dividend

Oct 20

Heritage Financial's (NASDAQ:HFWA) Dividend Will Be $0.21

Jul 24
Heritage Financial's (NASDAQ:HFWA) Dividend Will Be $0.21

Heritage Financial declares $0.21 dividend

Jul 21

Heritage Financial (NASDAQ:HFWA) Has Affirmed Its Dividend Of US$0.21

Apr 25
Heritage Financial (NASDAQ:HFWA) Has Affirmed Its Dividend Of US$0.21

Heritage Financial (NASDAQ:HFWA) Will Pay A Dividend Of US$0.21

Feb 01
Heritage Financial (NASDAQ:HFWA) Will Pay A Dividend Of US$0.21

Earnings and Revenue Growth Forecasts

NasdaqGS:HFWA - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202627276N/AN/A4
12/31/202525265N/AN/A5
12/31/202423147N/AN/A5
9/30/2024204387175N/A
6/30/2024214447582N/A
3/31/2024221479299N/A
12/31/20232406299110N/A
9/30/202325978100111N/A
6/30/202326181100108N/A
3/31/20232578399107N/A
12/31/2022249829094N/A
9/30/2022244797881N/A
6/30/2022242787174N/A
3/31/2022261926871N/A
12/31/2021270986770N/A
9/30/20212711037679N/A
6/30/2021264995461N/A
3/31/2021217605965N/A
12/31/2020202476370N/A
9/30/2020192406978N/A
6/30/2020195418694N/A
3/31/2020221637285N/A
12/31/2019228687992N/A
9/30/2019230677284N/A
6/30/2019230647790N/A
3/31/2019223607295N/A
12/31/2018213536790N/A
9/30/2018200465375N/A
6/30/201818441N/A59N/A
3/31/201817841N/A61N/A
12/31/201717141N/A74N/A
9/30/201716641N/A70N/A
6/30/201716542N/A74N/A
3/31/201716039N/A62N/A
12/31/201615939N/A54N/A
9/30/201615738N/A56N/A
6/30/201615437N/A57N/A
3/31/201615436N/A64N/A
12/31/201515437N/A51N/A
9/30/201515335N/A59N/A
6/30/201515233N/A63N/A
3/31/201514728N/A46N/A
12/31/201412721N/A51N/A
9/30/201410914N/A36N/A
6/30/20149011N/A25N/A
3/31/2014749N/A32N/A
12/31/2013739N/A31N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HFWA's forecast earnings growth (29.4% per year) is above the savings rate (2.6%).

Earnings vs Market: HFWA's earnings (29.4% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: HFWA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HFWA's revenue (11.4% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: HFWA's revenue (11.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HFWA's Return on Equity is forecast to be low in 3 years time (7.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 07:28
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Heritage Financial Corporation is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey RulisD.A. Davidson & Co.
Timothy CoffeyJanney Montgomery Scott LLC
Christopher McGrattyKeefe, Bruyette, & Woods