Heritage Financial (NASDAQ:HFWA) will be posting its quarterly earnings results before the market opens on Thursday, April 26th. Analysts expect Heritage Financial to post earnings of $0.41 per share for the quarter.
Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $46.22 million for the quarter, compared to analyst estimates of $43.74 million. Heritage Financial had a return on equity of 8.86% and a net margin of 21.16%. On average, analysts expect Heritage Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HFWA stock opened at $30.90 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $1,057.82, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.74 and a beta of 0.49. Heritage Financial has a 1-year low of $23.00 and a 1-year high of $33.25.
Several research analysts have weighed in on the company. Zacks Investment Research lowered Heritage Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine upgraded Heritage Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. BidaskClub lowered Heritage Financial from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Sandler O’Neill reiterated a “buy” rating and set a $36.00 target price on shares of Heritage Financial in a report on Friday, January 26th. Finally, Piper Jaffray reiterated a “hold” rating and set a $33.00 target price on shares of Heritage Financial in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.60.
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Heritage Financial Company Profile
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
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