Heritage Financial Corporation (HFWA) To Go Ex-Dividend on August 5th

Heritage Financial Corporation (NASDAQ:HFWA) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 5th. This is a 4.2% increase from Heritage Financial’s previous quarterly dividend of $0.24.

Heritage Financial has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Heritage Financial has a dividend payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Heritage Financial to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 37.3%.

Heritage Financial Stock Performance

NASDAQ:HFWA opened at $29.73 on Monday. Heritage Financial has a 1 year low of $21.32 and a 1 year high of $31.25. The firm has a 50 day moving average of $28.95 and a 200-day moving average of $27.40. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.23 billion, a P/E ratio of 14.16 and a beta of 0.49.

Heritage Financial (NASDAQ:HFWA) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.13. Heritage Financial had a return on equity of 8.78% and a net margin of 20.44%.The business had revenue of $84.13 million for the quarter, compared to analyst estimates of $86.30 million. As a group, sell-side analysts anticipate that Heritage Financial will post 2.37 EPS for the current fiscal year.

About Heritage Financial

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.