HFWA
Bearish signalScored 2026-08-07 Drivers: fundamentals. Moteurs : fondamentaux.
Research, not advice.
À propos
Heritage Financial Corporation
- Nom
- Heritage Financial Corporation
- Secteur
- Financial Services
- Industrie
- Banks - Regional
- Bourse
- NASDAQ
- Capitalisation
- $1.2B
- Employés
- 744
- PDG
- Bryan D. McDonald
- Site web
- https://www.hf-wa.com
- Marché
- BANRBHBBWFGCBFVCHCOLARK
Heritage Financial Corporation operates as the parent company for Heritage Bank, providing a comprehensive range of financial services to individuals and small to mid-sized businesses throughout the United States. The company's deposit offerings include various checking accounts (both interest and non-interest bearing), money market accounts, savings accounts, and certificates of deposit. Its extensive lending portfolio encompasses commercial and industrial financing, real estate loans for both owner-occupied and investment properties, residential mortgages for single to four-family dwellings, and funding for construction and land development projects. Additionally, it extends consumer loans, lines of credit, equipment financing, and commercial business loans to a wide array of sectors such as real estate, leasing, healthcare, hospitality, retail, and construction. Heritage Financial also originates loans backed by the U.S. Small Business Administration and delivers trust services along with professional financial guidance. As of January 27, 2022, the corporation managed 49 banking locations situated across Washington and Oregon. Established in 1927 and headquartered in Olympia, Washington, the company adopted its current name in 1998, having previously operated as Heritage Financial Corporation, M.H.C.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 11 300 titres (~337 134,50 $ US)
- Insiders
- Rivera Frederick BLYON JEFFREY S
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$657,192
Avg sell (VWAP, 90d window) $29.87 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-09-15
- Last synced
-
2026-09-20 09:54:07
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-15 | Rivera Frederick B | Sell · S | 1,300 | $28.57 | $37,134 | Form 4 |
| 2026-08-13 | Ray Matthew T. | Sell · S | 3,692 | $30.10 | $111,129 | Form 4 |
| 2026-08-05 | Chalfant Tony | Sell · S | 3,234 | $29.92 | $96,751 | Form 4 |
| 2026-08-05 | LYON JEFFREY S | Sell · S | 10,000 | $30.00 | $300,000 | Form 4 |
| 2026-07-30 | Wilson Kelli Ann | Sell · S | 3,778 | $29.69 | $112,178 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Bearish signalScored 2026-08-07 Drivers: fundamentals. Moteurs : fondamentaux.
HFWA's moderate financial health scores (liquidity: 70, fundamentals: 65) are severely undermined by two critical red flags — an anomalous DSO exceeding 5,100 days suggesting potential revenue recognition issues, and an…
The first sentence of the analysis written for HFWA on 2026-08-07 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Supports a bullish reading. Current ratio 1.18 · operating margin 23%
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 72.4% | 66.4% | 79.0% | 97.4% | 109.0% | |
| Ebit Margin | 23.2% | 16.5% | 24.1% | 38.7% | 48.6% | |
| Ebitda Margin | 23.7% | 17.5% | 25.9% | 39.9% | 41.2% | |
| Operating Profit Margin | 23.2% | 16.5% | 24.1% | 38.7% | 48.7% | |
| Pretax Profit Margin | 23.4% | 16.5% | 24.1% | 38.7% | 48.7% | |
| Continuous Operations Profit Margin | 20.1% | 13.6% | 20.4% | 31.9% | 39.6% | |
| Net Profit Margin | 20.1% | 13.6% | 20.4% | 31.9% | 39.6% | |
| Bottom Line Profit Margin | 20.1% | 13.6% | 20.4% | 31.9% | 39.6% | |
| Current Ratio | 1.181 | 0.158 | 0.246 | 0.284 | 0.429 | |
| Quick Ratio | 1.181 | 0.158 | 0.246 | 0.284 | 0.429 | |
| Solvency Ratio | 0.011 | 0.007 | 0.011 | 0.014 | 0.012 | |
| Cash Ratio | 0.011 | 0.021 | 0.040 | 0.017 | 0.263 | |
| Price To Earnings Ratio | 11.884 | 19.444 | 12.223 | 13.150 | 8.887 | |
| Price To Earnings Growth Ratio | 0.205 | -0.694 | -0.491 | -0.861 | 0.079 | |
| Forward Price To Earnings Growth Ratio | 0.205 | -0.694 | -0.491 | -0.861 | 0.079 | |
| Price To Earnings Diluted Ratio | 12.066 | 19.758 | 12.223 | 13.264 | 8.952 | |
| Price To Earnings Diluted Growth Ratio | 0.208 | -0.678 | -0.504 | -0.862 | 0.080 | |
| Price To Book Ratio | 0.872 | 0.978 | 0.884 | 1.348 | 1.021 | |
| Price To Sales Ratio | 2.390 | 2.662 | 2.488 | 4.184 | 3.524 | |
| Price To Free Cash Flow Ratio | 9.375 | 13.837 | 7.607 | 11.892 | 13.110 | |
| Price To Operating Cash Flow Ratio | 8.470 | 13.095 | 6.886 | 11.387 | 12.541 | |
| Debt To Assets Ratio | 0.006 | 0.057 | 0.073 | 0.010 | 0.010 | |
| Debt To Equity Ratio | 0.046 | 0.469 | 0.611 | 0.085 | 0.084 | |
| Debt To Capital Ratio | 0.044 | 0.319 | 0.379 | 0.079 | 0.078 | |
| Long Term Debt To Capital Ratio | 0.024 | 0.319 | 0.379 | 0.026 | 0.024 | |
| Financial Leverage Ratio | 7.561 | 8.229 | 8.409 | 8.748 | 8.699 | |
| Working Capital Turnover Ratio | -0.170 | -0.070 | -0.070 | -0.063 | -0.064 | |
| Operating Cash Flow Ratio | 0.021 | 0.011 | 0.020 | 0.015 | 0.011 | |
| Operating Cash Flow Sales Ratio | 0.282 | 0.203 | 0.361 | 0.367 | 0.281 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.903 | 0.946 | 0.905 | 0.957 | 0.957 | |
| Debt Service Coverage Ratio | 0.624 | 0.463 | 1.136 | 1.554 | 1.372 | |
| Interest Coverage Ratio | 0.866 | 0.521 | 1.229 | 12.319 | 17.113 | |
| Short Term Operating Cash Flow Coverage Ratio | 4.741 | 0.000 | 0.000 | 2.027 | 1.368 | |
| Operating Cash Flow Coverage Ratio | 2.239 | 0.159 | 0.210 | 1.388 | 0.965 | |
| Capital Expenditure Coverage Ratio | 10.356 | 18.642 | 10.555 | 23.520 | 23.038 | |
| Dividend Paid And Capex Coverage Ratio | 2.268 | 1.830 | 2.659 | 2.819 | 2.176 | |
| Dividend Payout Ratio | 0.483 | 0.735 | 0.499 | 0.360 | 0.295 | |
| Enterprise Value Multiple | 9.956 | 20.406 | 13.385 | 10.144 | -7.649 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 72.4% | ▲6.0% | ▼-12.4% |
| Ebit Margin | 23.2% | ▲6.7% | ▼-7.0% |
| Ebitda Margin | 23.7% | ▲6.2% | ▼-5.9% |
| Operating Profit Margin | 23.2% | ▲6.7% | ▼-7.1% |
| Pretax Profit Margin | 23.4% | ▲6.9% | ▼-6.9% |
| Continuous Operations Profit Margin | 20.1% | ▲6.5% | ▼-5.0% |
| Net Profit Margin | 20.1% | ▲6.5% | ▼-5.0% |
| Bottom Line Profit Margin | 20.1% | ▲6.5% | ▼-5.0% |
| Current Ratio | 1.181 | ▲1.023 | ▲0.721 |
| Quick Ratio | 1.181 | ▲1.023 | ▲0.721 |
| Solvency Ratio | 0.011 | ▲0.004 | ▲0.000 |
| Cash Ratio | 0.011 | ▼-0.009 | ▼-0.059 |
| Price To Earnings Ratio | 11.884 | ▼-7.560 | ▼-1.233 |
| Price To Earnings Growth Ratio | 0.205 | ▲0.900 | ▲0.558 |
| Forward Price To Earnings Growth Ratio | 0.205 | ▲0.900 | ▲0.558 |
| Price To Earnings Diluted Ratio | 12.066 | ▼-7.692 | ▼-1.186 |
| Price To Earnings Diluted Growth Ratio | 0.208 | ▲0.886 | ▲0.559 |
| Price To Book Ratio | 0.872 | ▼-0.106 | ▼-0.149 |
| Price To Sales Ratio | 2.390 | ▼-0.272 | ▼-0.659 |
| Price To Free Cash Flow Ratio | 9.375 | ▼-4.462 | ▼-1.789 |
| Price To Operating Cash Flow Ratio | 8.470 | ▼-4.625 | ▼-2.006 |
| Debt To Assets Ratio | 0.006 | ▼-0.051 | ▼-0.025 |
| Debt To Equity Ratio | 0.046 | ▼-0.423 | ▼-0.213 |
| Debt To Capital Ratio | 0.044 | ▼-0.275 | ▼-0.136 |
| Long Term Debt To Capital Ratio | 0.024 | ▼-0.296 | ▼-0.131 |
| Financial Leverage Ratio | 7.561 | ▼-0.668 | ▼-0.768 |
| Working Capital Turnover Ratio | -0.170 | ▼-0.100 | ▼-0.083 |
| Operating Cash Flow Ratio | 0.021 | ▲0.009 | ▲0.005 |
| Operating Cash Flow Sales Ratio | 0.282 | ▲0.079 | ▼-0.017 |
| Free Cash Flow Operating Cash Flow Ratio | 0.903 | ▼-0.043 | ▼-0.030 |
| Debt Service Coverage Ratio | 0.624 | ▲0.161 | ▼-0.406 |
| Interest Coverage Ratio | 0.866 | ▲0.345 | ▼-5.543 |
| Short Term Operating Cash Flow Coverage Ratio | 4.741 | ▲4.741 | ▲3.114 |
| Operating Cash Flow Coverage Ratio | 2.239 | ▲2.080 | ▲1.247 |
| Capital Expenditure Coverage Ratio | 10.356 | ▼-8.286 | ▼-6.866 |
| Dividend Paid And Capex Coverage Ratio | 2.268 | ▲0.438 | ▼-0.082 |
| Dividend Payout Ratio | 0.483 | ▼-0.251 | ▲0.009 |
| Enterprise Value Multiple | 9.956 | ▼-10.451 | ▲0.707 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $803.1M | $844.4M | $754.2M | $1.08B | $872.0M | |
| Enterprise value | $792.9M | $1.13B | $1.05B | $1.04B | -$779.3M | |
| EV / Sales | 2.36x | 3.57x | 3.47x | 4.05x | -3.15x | |
| EV / Op. cash flow | 8.36x | 17.56x | 9.60x | 11.01x | -11.21x | |
| EV / Free cash flow | 9.26x | 18.56x | 10.60x | 11.50x | -11.72x | |
| EV / EBITDA | 9.96x | 20.41x | 13.38x | 10.14x | -7.65x | |
| Net debt / EBITDA | -0.13x | 5.19x | 3.78x | -0.35x | -16.21x | |
| Current ratio | 1.18x | 0.16x | 0.25x | 0.28x | 0.43x | |
| Income quality | 1.40x | 1.49x | 1.77x | 1.15x | 0.71x | |
| Graham number | $35 | $27 | $31 | $35 | $38 | |
| Graham net-net | -$54 | -$155 | -$140 | -$135 | -$111 | |
| Tax burden | 85.9% | 82.8% | 84.7% | 82.3% | 81.4% | |
| Interest burden | 101.0% | 100.0% | 100.0% | 100.0% | 100.2% | |
| Working capital | $830.3M | -$4.78B | -$4.22B | -$4.41B | -$3.74B | |
| Invested capital | $1.15B | -$4.47B | -$3.90B | -$4.09B | -$3.41B | |
| Return on assets | 1.0% | 0.6% | 0.9% | 1.2% | 1.3% | |
| Operating ROA | 1.1% | 0.7% | 1.0% | 1.4% | 1.7% | |
| Return on tangible assets | 1.0% | 0.6% | 0.9% | 1.2% | 1.4% | |
| Return on equity | 7.3% | 5.0% | 7.2% | 10.3% | 11.5% | |
| Return on invested capital | 5.7% | 3.0% | 3.9% | 9.5% | 10.6% | |
| Return on capital employed | 3.3% | 3.7% | 4.6% | 12.1% | 13.8% | |
| Earnings yield | 8.4% | 5.1% | 8.2% | 7.6% | 11.2% | |
| Free cash flow yield | 10.7% | 7.2% | 13.1% | 8.4% | 7.6% | |
| Capex / Op. cash flow | 9.7% | 5.4% | 9.5% | 4.3% | 4.3% | |
| Capex / Depreciation | 429.9% | 107.1% | 185.2% | 129.9% | -16.2% | |
| Capex / Sales | 2.7% | 1.1% | 3.4% | 1.6% | 1.2% | |
| SG&A / Sales | 36.1% | 32.4% | 34.7% | 37.2% | 37.6% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 1.5% | 1.4% | 1.4% | 1.5% | 1.5% | |
| Intangibles / Total assets | 3.5% | 3.4% | 3.4% | 3.6% | 3.4% | |
| Days sales outstanding | 5160d | 22d | 24d | 26d | 22d | |
| Days payables outstanding | 0d | 0d | 0d | 0d | 0d | |
| Operating cycle | 5160d | 22d | 24d | 26d | 22d | |
| Cash conversion cycle | 5160d | 22d | 24d | 26d | 22d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-08-28 BlackRock Inc. Purchases Shares of 5,811,114 Heritage Financial Corporation $HFWA BlackRock Inc. acquired a new stake in Heritage Financial Corporation (NASDAQ: HFWA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,811,114 shares of the financial services provider''s stock, valued at approximately $172,125,000. BlackRock Inc. owned 14.10% of Heritage Financial at
- 2026-08-20 469,403 Shares in Heritage Financial Corporation $HFWA Purchased by Algebris UK Ltd. Algebris UK Ltd. purchased a new stake in shares of Heritage Financial Corporation (NASDAQ: HFWA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 469,403 shares of the financial services provider''s stock, valued at approximately $13,860,000. Heritage Financial
- 2026-08-14 Dividend Champion, Contender, And Challenger Highlights: Week August 16 A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 2026-07-23 Heritage Financial Corporation (HFWA) Q2 2026 Earnings Call Transcript Heritage Financial Corporation (HFWA) Q2 2026 Earnings Call Transcript
- 2026-07-23 Heritage Financial Q2 Earnings Call Highlights Heritage Financial NASDAQ: HFWA executives said the company''s second-quarter results reflected higher net interest margin, stable credit quality and continued merger-related expenses as it moves toward a late-September systems conversion.
- 2026-07-23 Compared to Estimates, Heritage Financial (HFWA) Q2 Earnings: A Look at Key Metrics Although the revenue and EPS for Heritage Financial (HFWA) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 2026-07-23 Heritage Financial (HFWA) Surpasses Q2 Earnings Estimates Heritage Financial (HFWA) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.53 per share a year ago.
- 2026-07-23 Heritage Financial Announces Second Quarter 2026 Results and Declares Regular Cash Dividend of $0.25 Per Share Second Quarter 2026 Highlights Net income was $17.5 million, or $0.42 per diluted share, compared to $18.9 million, or $0.48 per diluted share, for the first quarter of 2026. Adjusted diluted earnings per share (1) was $0.57, compared to $0.59 in the first quarter of 2026.
- 2026-07-20 What This Heritage Financial Insider Move Signals With the Stock Up 20% The chief information officer of Heritage Financial disposed of 3,379 shares at $30.52 per share for a total value of $103,000 on July 17, 2026. The activity was non-discretionary, executed as a sell-to-cover transaction to satisfy tax withholding obligations following an option exercise.
- 2026-06-25 Heritage Financial Announces Earnings Release Date and Conference Call Heritage Financial Announces Earnings Release Date and Conference Call PR Newswire OLYMPIA, Wash., June 25, 2026