Heritage Financial Corporation (HFWA) To Go Ex-Dividend on January 28th

Heritage Financial Corporation (NASDAQ:HFWA) declared a quarterly dividend on Friday, January 16th. Stockholders of record on Wednesday, January 28th will be paid a dividend of 0.24 per share by the financial services provider on Wednesday, February 11th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, January 28th.

Heritage Financial has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Heritage Financial has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Heritage Financial to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 42.1%.

Heritage Financial Price Performance

Shares of HFWA opened at $26.58 on Monday. The firm has a market capitalization of $902.66 million, a PE ratio of 13.56 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.84. Heritage Financial has a fifty-two week low of $19.84 and a fifty-two week high of $28.35. The company’s 50-day moving average is $24.42 and its 200-day moving average is $23.95.

Heritage Financial (NASDAQ:HFWA) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Heritage Financial had a net margin of 20.10% and a return on equity of 8.61%. The company had revenue of $66.35 million for the quarter, compared to analysts’ expectations of $65.95 million. Equities analysts forecast that Heritage Financial will post 2.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research downgraded shares of Heritage Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Heritage Financial in a research report on Thursday. Keefe, Bruyette & Woods boosted their target price on Heritage Financial from $26.00 to $28.00 and gave the company a “market perform” rating in a research report on Monday, September 29th. Finally, DA Davidson upped their price target on Heritage Financial from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Heritage Financial presently has a consensus rating of “Hold” and a consensus price target of $30.33.

Heritage Financial Company Profile

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.