Heritage Financial Stock Today

HFWA Stock  USD 19.17  0.90  4.93%   

Performance

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Odds Of Distress

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Heritage Financial is trading at 19.17 as of the 28th of March 2024, a 4.93 percent increase since the beginning of the trading day. The stock's open price was 18.27. Heritage Financial has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Heritage Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
7th of May 1998
Category
Financial Services
Classification
Financials
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. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington. The company has 34.66 M outstanding shares of which 625.08 K shares are currently shorted by private and institutional investors with about 2.56 trading days to cover. More on Heritage Financial

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Heritage Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Heritage Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Heritage Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman of the BoardAnthony Pickering
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Heritage Financial report their recommendations after researching Heritage Financial's financial statements, talking to executives and customers, or listening in on Heritage Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Heritage Financial. The Heritage consensus assessment is calculated by taking the average forecast from all of the analysts covering Heritage Financial.
Financial Strength
Based on the analysis of Heritage Financial's profitability, liquidity, and operating efficiency, Heritage Financial may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Heritage Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.01110.0086
Significantly Up
Slightly volatile
Asset Turnover0.0520.0422
Fairly Up
Slightly volatile
Total Current Liabilities4.6 B4.4 B
Sufficiently Up
Slightly volatile
Non Current Liabilities TotalB1.9 B
Sufficiently Up
Slightly volatile
Total Assets7.5 B7.2 B
Sufficiently Up
Slightly volatile
Total Current Assets232.3 M244.5 M
Notably Down
Slightly volatile
Total Cash From Operating Activities115 M109.5 M
Sufficiently Up
Slightly volatile
Heritage Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Heritage Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Heritage Financial's financial leverage. It provides some insight into what part of Heritage Financial's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Heritage Financial's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Heritage Financial deploys its capital and how much of that capital is borrowed.
Liquidity
Heritage Financial cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 521.76 M in liabilities with Debt to Equity (D/E) ratio of 0.04, which may suggest the company is not taking enough advantage from borrowing. Debt can assist Heritage Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Heritage Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Heritage Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Heritage to invest in growth at high rates of return. When we think about Heritage Financial's use of debt, we should always consider it together with cash and equity.

Change In Cash

127.45 Million
Heritage Financial (HFWA) is traded on NASDAQ Exchange in USA. It is located in 201 Fifth Avenue SW, Olympia, WA, United States, 98501 and employs 764 people. Heritage Financial is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 664.34 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Heritage Financial's market, we take the total number of its shares issued and multiply it by Heritage Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Heritage Financial conducts business under Banks sector and is part of Financials industry. The entity has 34.66 M outstanding shares of which 625.08 K shares are currently shorted by private and institutional investors with about 2.56 trading days to cover. Heritage Financial currently holds about 407.32 M in cash with 109.52 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.6.
Check Heritage Financial Probability Of Bankruptcy
Ownership Allocation
Heritage Financial secures a total of 34.66 Million outstanding shares. The majority of Heritage Financial outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Heritage Financial to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Heritage Financial. Please pay attention to any change in the institutional holdings of Heritage Financial as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Heritage Ownership Details

Heritage Stock Price Odds Analysis

What are Heritage Financial's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Heritage Financial jumping above the current price in 90 days from now is about 56.31%. The Heritage Financial probability density function shows the probability of Heritage Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1384. This usually indicates Heritage Financial market returns are sensitive to returns on the market. As the market goes up or down, Heritage Financial is expected to follow. Additionally, heritage Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 19.17HorizonTargetOdds Above 19.17
43.47%90 days
 19.17 
56.31%
Based on a normal probability distribution, the odds of Heritage Financial to move above the current price in 90 days from now is about 56.31 (This Heritage Financial probability density function shows the probability of Heritage Stock to fall within a particular range of prices over 90 days) .

Heritage Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Heritage Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Heritage Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Heritage Financial's value.
InstituionRecorded OnShares
Northern Trust Corp2023-12-31
465 K
Heartland Advisors Inc2023-12-31
446 K
Aqr Capital Management Llc2023-12-31
374 K
Manufacturers Life Insurance Co2023-12-31
351.8 K
Lord, Abbett & Co Llc2023-12-31
327.8 K
Arrowstreet Capital Limited Partnership2023-12-31
276.9 K
Fourthstone Llc2023-09-30
270.2 K
Kiley Juergens Wealth Management2023-12-31
237.9 K
Basswood Capital Management Llc2023-12-31
230.7 K
Blackrock Inc2023-12-31
5.1 M
Vanguard Group Inc2023-12-31
2.7 M
View Heritage Financial Diagnostics

Heritage Financial Historical Income Statement

Heritage Financial Income Statement is one of the three primary financial statements used for reporting Heritage's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Heritage Financial revenue and expense. Heritage Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Heritage Financial's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 108.6 M, whereas Depreciation And Amortization is forecasted to decline to about 2.3 M. View More Fundamentals

Heritage Stock Against Markets

Picking the right benchmark for Heritage Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Heritage Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Heritage Financial is critical whether you are bullish or bearish towards Heritage Financial at a given time. Please also check how Heritage Financial's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Heritage Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Heritage Financial Corporate Directors

Heritage Financial corporate directors refer to members of a Heritage Financial board of directors. The board of directors generally takes responsibility for the Heritage Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Heritage Financial's board members must vote for the resolution. The Heritage Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Heritage Stock?

Before investing in Heritage Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Heritage Financial. To buy Heritage Financial stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Heritage Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Heritage Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Heritage Financial stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Heritage Financial stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Heritage Financial, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Heritage Stock please use our How to Invest in Heritage Financial guide.

Already Invested in Heritage Financial?

The danger of trading Heritage Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Heritage Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Heritage Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Heritage Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Heritage Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Heritage Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Heritage Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heritage Financial Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Heritage Financial's price analysis, check to measure Heritage Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Financial is operating at the current time. Most of Heritage Financial's value examination focuses on studying past and present price action to predict the probability of Heritage Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Financial's price. Additionally, you may evaluate how the addition of Heritage Financial to your portfolios can decrease your overall portfolio volatility.
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Is Heritage Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Financial. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.72)
Dividend Share
0.88
Earnings Share
1.75
Revenue Per Share
6.84
Quarterly Revenue Growth
(0.28)
The market value of Heritage Financial is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Financial's value that differs from its market value or its book value, called intrinsic value, which is Heritage Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Financial's market value can be influenced by many factors that don't directly affect Heritage Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.