Heritage Financial Corporation (HFWA)

Heritage Financial reported strong third-quarter 2025 results, with a net income of $19.2 million and diluted earnings per share of $0.55. A regular cash dividend of $0.24 per share was declared on October 22, 2025. As of October 24, 2025, the share price was $23.12, showing a 0.65% increase from October 28, 2024. Institutional investors experienced a 6.3% loss in the prior week as of June 18, 2025, but had benefited from longer-term gains.

The banking industry generally experiences demand seasonality, primarily in the volume of new loans. Loan demand typically reaches its lowest points in January and February, increases in March, and often peaks in August or September before declining again towards December. Heritage Financial Corp. likely observes similar seasonal trends in its loan and deposit activities.

Heritage Financial Corp. operates as a bank holding company for Heritage Bank, offering financial services to small and medium-sized businesses and individuals. The company provides deposit products such as checking and savings accounts, and lending solutions including commercial real estate and SBA loans. They also offer treasury, cash management, mortgage banking, and wealth management services.

Heritage Financial Corp. is headquartered in Olympia, Washington, with operations across the Pacific Northwest. Heritage Bank has 50 branches located in Washington, Oregon, and Idaho.

MarketBeat rated Heritage Financial higher than 93% of evaluated companies, ranking it 146th out of 369 stocks in the finance sector. The company has a "Moderate Buy" consensus rating from analysts, with a consensus price target of $28.50.

Institutional shareholders hold approximately 84.71% of the company's stock, with major holders including BlackRock, Inc., Jennison Associates LLC, and Vanguard Group Inc. Insiders own about 6.37% of the company's stock, with Donald V. Rhodes being the largest individual shareholder. Retail investors account for approximately 8.92% of the ownership.