The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

HFWA

Concerning the House

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners 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. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

United States · www.hf-wa.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Net income$61.76M+12.5%
Cash from ops$94.82M+17.5%
Quotation

$29.98

+0.19 (+0.6%)

52w hi$30.99
52w lo$20.91
Vol237.58K
As ofAug 13
The Verdict

Hold

Our score +0.41

Short+0.22
Medium+0.48
Long+0.64

computed 2026-08-13

By the Numbers

Heritage Financial Corporation

Financial Services · Banks - Regional

Market cap$1.23B
Enterprise value$1.20B
Trailing P/E14.28x
Forward P/E11.31x
EV / EBITDA
P / S (ttm)4.16x
Profit margin26.4%
Return on equity7.8%
Revenue growth+53.1%
Earnings growth+17.0%
Debt / equity
Risk Metrics
Beta vs SPX0.80
Corr SPX0.43
Annual vol30.3%
Annual ret+22.1%
Sharpe0.73
Max DD-23.1%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.39
Sector+0.09
Technical+0.21
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$29.97$30.10$29.86$29.98237.58K
Aug 12$29.59$29.95$29.47$29.79271.50K
Aug 11$29.51$29.74$29.42$29.53390.20K
Aug 10$29.32$29.46$29.04$29.41380.30K
Aug 7$29.58$29.77$29.20$29.50455.10K