Heritage Financial Corporation (HFWA)

Over the past six months, HFWA's stock price has been impacted by several events. The company's Q3 2025 earnings surpassed expectations, with an EPS of $0.56 and revenue of $65.69 million, leading to a pre-market stock increase. Heritage Financial declared quarterly cash dividends of $0.24 per share in both October and July. The company announced a definitive agreement to acquire Olympic Bancorp, Inc., with regulatory approval received in December 2025. Scott T. Allan was appointed to the Board of Directors on December 19, 2025. The company announced its Q4 2025 earnings release date for January 22, 2026. Over the past six months, HFWA's stock price has decreased by 4.79%.

Heritage Financial Corp. experiences demand seasonality, particularly in its loan originations. New loan commitments increased during the second quarter of 2025, reflecting the seasonality of loan originations.

Heritage Financial Corp. operates in the Financials sector and Banking Services industry, focusing on regional banking through its subsidiary, Heritage Bank. The company offers personal banking services such as checking and savings accounts, and consumer loans. Business banking includes commercial loans and treasury management. They also provide mortgage and real estate lending, as well as wealth management services.

Heritage Financial Corp. has a strong regional presence in the Pacific Northwest, operating a network of branches across Washington, Oregon, and Idaho. As of January 2026, Heritage Bank has approximately 51 banking offices in these states.

In 2019, S&P Global Market Intelligence ranked Heritage Financial Corporation as the 34th best-performing U.S. community bank with assets between $3 and $10 billion, based on its financial performance for the year ended December 31, 2018. There have been no specific events reported that have significantly impacted Heritage Financial Corp.'s brand reputation in the past year.

Heritage Financial Corp. has a mixed ownership structure. Approximately 72.79% of the company's stock is owned by Institutional Investors, 1.70% by Insiders, and 25.51% by Public Companies and Individual Investors. Major institutional owners include BlackRock, Inc., Jennison Associates Llc, Victory Capital Management Inc, Vanguard Group Inc, Dimensional Fund Advisors Lp, State Street Corp, Alliancebernstein L.p., and iShares.