Heritage Financial Corporation

HFWA | NASDAQ

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$28

-$0.19 (-0.67%)

At close: Sep 21, 2026, 4:00 PM ET

$27.77

-$0.23 (-0.81%)

Pre-market: Sep 22, 2026, 4:07 AM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $1.16B

Enterprise Value $1.24B

Beta 0.48

Average Volume 330.08K

Shares Outstanding (Diluted) 40.36M

Shares Change YoY 16.96%

Institutional Ownership 84.81%

Exchange NASDAQ

ISIN US42722X1063

Price Performance

Price Change 1M -4.0%

Price Change 3M -2.5%

Price Change 6M 9.5%

Price Change YTD 18.1%

Price Change 1Y 13.9%

Price Change 3Y 74.5%

Price Change 5Y 11.3%

1M CAGR (ann.) -4.9%

1Y CAGR (ann.) 20.6%

5Y CAGR (ann.) 7.5%

All-Time CAGR 4.0%

Valuation

PE Ratio 13.27

Forward PE 12.79

PEG Ratio 0.29

Forward PEG 0.39

PS Ratio 3.43

Forward PS 3.20

PB Ratio 1.04

P/FCF Ratio 14.38

P/Adj. FCF Ratio 15.33

P/OCF Ratio 12.39

EV/Sales 3.69

EV/EBIT 26.29

EV/EBITDA 25.41

EV/FCF 15.46

Earnings Yield 7.5%

FCF Yield 7.0%

Adj. FCF Yield 6.5%

Financial Health

Net Debt $86.19M

Total Debt $188.75M

Cash & Short-Term Investments $102.56M

Total Assets $8.43B

Current Ratio 0.76

Quick Ratio 0.76

Debt / Equity Ratio 0.17

Debt / EBITDA 3.87

Debt / FCF 2.35

OCF / Debt 0.47

Interest Coverage 0.54

Altman Z-Score 0.22

Piotroski F-Score 7

Margins & Profitability

Gross Profit Margin 74.6%

Operating Profit Margin 14.0%

EBITDA Margin 14.5%

Net Profit Margin 23.2%

FCF Margin 23.9%

Adj. FCF Margin 22.4%

SBC / Revenue 1.6%

SBC Impact (per share) -6.2%

Returns

Return on Assets 0.9%

Return on Equity 7.7%

Return on Invested Capital 0.5%

Return on Capital Employed 0.6%

Return on Tangible Assets 1.0%

Historical Growth (CAGR)

Revenue CAGR 3Y 4.7%

Revenue CAGR 5Y 5.8%

Revenue CAGR 10Y 7.3%

EPS CAGR 3Y -2.7%

EPS CAGR 5Y -5.0%

EPS CAGR 10Y 5.5%

FCF CAGR 3Y -6.8%

FCF CAGR 5Y 26.5%

FCF CAGR 10Y 2.5%

Analyst Forecasts

Analyst Rating Buy

Analyst Count 14

EPS Growth Next 3Y N/A

Revenue Growth Next 3Y N/A

Earnings Date N/A

EPS Estimate (next Q) N/A

EPS Growth Est (next Q) N/A

Revenue Est (next Q) N/A

Revenue Growth Est (next Q) N/A

Fair Value Estimates

Graham Number $36.34

Graham Upside 29.8%

Lynch Fair Value $10.55

Lynch Upside -62.3%

Price Target $32

Price Target Upside 14.3%

Cash Flow

Operating Cash Flow $89.54M

Free Cash Flow $80.25M

Adj. Free Cash Flow $75.3M

FCF Per Share $2.10

OCF Per Share $2.26

OCF/S Ratio 26.8%

Income Statement

Revenue $336.27M

Gross Profit $251M

Operating Income $47.17M

EBITDA $48.82M

Net Income $77.9M

EPS (Diluted) $2.11

Revenue / Employee $445.39K

Profit / Employee $103.18K

Employees 755

Dividends

Annual Dividend $0.97

Dividend Yield 3.46%

Payout Ratio 46.0%

FCF Payout Ratio 40.7%

Adj. FCF Payout Ratio 43.4%

Dividend Growth (YoY) 2.1%

Pay Frequency Quarterly

Ex-Dividend Date Aug 4, 2026