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NASDAQ · Banks - Regional · USD

Heritage Financial Corporation (HFWA) Stock Analysis

Heritage Financial Corporation (HFWA) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

HFWA

$27.68

−$0.17 (−0.61%)

Oct 21, 2026 · Market close

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Price History

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HFWA Key Statistics

As of Oct 21, 2026
Trading
Open
$27.91
Previous Close
$27.85
Day's Range
27.44–27.91
52-Week Range
21.32–31.25
Volume
268.25K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.50
Valuation
Market Cap
$1.13B
P/E Ratio
13.18
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
10.50
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.13
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.84
EPS (ttm)Profit attributable to each share over the last twelve months.
2.10
Financials (FY)
Revenue (FY)
$246.14M+13.51%
Net Income (FY)
$67.53M+56.11%
Profit marginThe share of revenue left as profit after all costs and taxes.
26.40%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
40.92M
1-Year Return
+25.59%
Dividend and dates
Dividend
$1.00+3.59%
Ex-Dividend Date
August 5, 2026
Earnings Date
October 22, 2026
Avg Volume
385.47K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, HFWA closed at $27.68, +25.59% over 1 year.

Heritage Financial Corporation (HFWA) has a market capitalization of $1.13B.

In fiscal 2025, HFWA reported revenue of $246.14M.

HFWA Stock Return by Calendar Year

Heritage Financial Corporation (HFWA) 10-year return: what $10,000 became

1 year
$10,000 $12,559
+25.59%
5 years
$10,000 $13,768
+37.68%
10 years
$10,000 $21,670
+116.70%

If you had invested $10,000 in Heritage Financial Corporation (HFWA) 10 years ago, at the close on October 21, 2016, it would have been worth $21,670 at the close on October 21, 2026: +116.70% in total, +8.04% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+20.15%
2025+0.57%
2024+19.84%
2023−26.89%
2022+29.33%
2021+7.88%
2020−14.06%
2019−2.02%
2018−1.33%
2017+22.28%
2016 (partial year)+49.16%

As of October 21, 2026.

HFWA Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$246.14M$67.53M27.4%
2024$216.84M$43.26M19.9%
2023$243.82M$61.76M25.3%
2022$248.98M$81.88M32.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$246.14M——$67.53M27.4%
2024$216.84M——$43.26M19.9%
2023$243.82M——$61.76M25.3%
2022$248.98M——$81.88M32.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HFWA Dividend History

$0.96+4.3% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.733—
2025$0.964+4.3%
2024$0.924+4.5%
2023$0.884+4.8%
YearDividends per sharePaymentsChange
2026 (partial year)$0.733—
2025$0.964+4.3%
2024$0.924+4.5%
2023$0.884+4.8%
2022$0.844+3.7%
2021$0.814+1.3%
2020$0.804−4.8%
2019$0.844+16.7%
2018$0.724+18.0%
2017$0.614+64.9%
2016$0.371—

Most recent payment: $0.24 per share, ex-dividend August 5, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

HFWA Valuation vs Banks - Regional Median

Median of 326 stocks
MetricHFWABanks - Regional medianvs median
P/E13.1812.0310% above
P/S ratio3.843.587% above
Profit margin26.40%29.44%3.0 pts below

Medians across 326 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Heritage Financial Corporation (HFWA) at $1.13B. The company sits in the Financial Services sector, in the Banks - Regional industry. The company reports 976 employees.

The 52-week range on file runs from $21.32 to $31.25. HFWA last closed at $27.68 on October 21, 2026. That is −$0.17 (−0.61%) against the previous close. The latest close sits 29.83% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $246.14M. That is +13.51% against the prior fiscal year, when revenue was $216.84M. The same year closed with net income of $67.53M. That is +56.11% against the prior fiscal year. Profit margin runs at 26.4%. That is 3 percentage points below the Banks - Regional median of 29.44%. Earnings per share on a trailing basis come to 2.1.

Across the 4 fiscal years on file, revenue moves from $248.98M in 2022 to $246.14M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

HFWA trades at a trailing price-to-earnings ratio of 13.18. That is 9.56% above the Banks - Regional median of 12.03. On forward earnings the ratio is 10.5. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.13. Measured against sales, the shares trade at 3.84 times revenue. On price-to-sales that is 7.25% above the Banks - Regional median of 3.58. 326 Banks - Regional companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.5. Daily returns over the trailing 10 years annualize to a volatility of 32.92%. The trailing one-year total return is +25.59%. Across 10 years the annualized return works out at +8.04%.

Growth & Income

HFWA pays a dividend yielding 3.59%. That is 0.9 percentage points above the Banks - Regional median yield of 2.68%. At the indicated rate that is $1.00 a share a year. The ex-dividend date on file is August 5, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.73 a share. The year before, 2025, totalled $0.96 a share.

2026 is still running; the total return is +20.15% year to date. Across the complete calendar years on file, 2022 returned +29.33% and 2023 returned −26.89%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Heritage Financial Corporation (HFWA) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Heritage Financial Corporation HFWA $1.13B 13.2
Mizuho Financial Group, Inc. MFG $120.84B 13.7
HDFC Bank Limited HDB $116.51B 14.6
Itaú Unibanco Holding S.A. ITUB $106.91B 12.4

The Banks - Regional industry average P/E ratio is 12.0x. Heritage Financial Corporation trades at a P/E of 13.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Heritage Financial Corporation

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.

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