Inside the research
Heritage Financial Corporation
HFWA Research profile · latest available data
Price overview
$28.57
▲ +0.32 (+1.1%)
| 52w hi | $30.99 |
|---|---|
| 52w lo | $20.91 |
| Vol | 419.80K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.08
| Short | -0.12 |
|---|---|
| Medium | +0.10 |
| Long | +0.43 |
computed 2026-09-27
Key fundamentals
Heritage Financial Corporation
Financial Services · Banks - Regional
| Market cap | $1.17B |
|---|---|
| Enterprise value | $1.15B |
| Trailing P/E | 13.60x |
| Forward P/E | 10.85x |
| P / S (ttm) | 3.96x |
| Profit margin | 26.4% |
| Return on equity | 7.8% |
| Revenue growth | +53.1% |
| Earnings growth | +17.0% |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.39 | |
| Sector | +0.02 | |
| Technical | -0.07 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.79 |
|---|---|
| Corr SPX | 0.43 |
| Annual vol | 29.7% |
| Annual ret | +16.8% |
| Sharpe | 0.57 |
| Max DD | -23.1% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-23 | Earnings Release, Reg FD Disclosure… | read |
| 2026-05-08 | Shareholder Vote | read |
| 2026-04-23 | Earnings Release, Reg FD Disclosure… | read |
| 2026-03-23 | Other Material Event | read |
| 2026-02-02 | Acquisition / Disposition, Reg FD Disclosure… | read |
| 2026-01-22 | Earnings Release, Reg FD Disclosure… | read |
| 2026-01-22 | Shareholder Vote, Exhibits | read |
| 2026-01-16 | Other Material Event, Exhibits | read |
| 2025-12-30 | Other Material Event, Exhibits | read |
| 2025-12-19 | Officer / Director Change, Exhibits | read |
| 2025-10-23 | Earnings Release, Reg FD Disclosure… | read |
| 2025-09-26 | Material Agreement, Reg FD Disclosure… | read |
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Net income | $61.76M | +12.5% | |
| Cash from ops | $94.82M | +17.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $28.26 | $28.61 | $28.26 | $28.57 | 419.80K |
| Sep 24 | $28.00 | $28.34 | $27.84 | $28.25 | 422.60K |
| Sep 23 | $28.26 | $28.48 | $27.92 | $27.95 | 352.90K |
| Sep 22 | $28.28 | $28.76 | $28.16 | $28.22 | 486.70K |
| Sep 21 | $28.20 | $28.38 | $28.00 | $28.00 | 267.00K |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →