Heritage Financial Corp (HFWA) to Issue Quarterly Dividend of $0.15
Heritage Financial Corp (NASDAQ:HFWA) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Investors of record on Wednesday, February 7th will be given a dividend of 0.15 per share by the financial services provider on Wednesday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, February 6th. This is a positive change from Heritage Financial’s previous quarterly dividend of $0.13.
Heritage Financial (HFWA) opened at $31.25 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $1,063.80, a P/E ratio of 21.26, a P/E/G ratio of 1.74 and a beta of 0.50. Heritage Financial has a 1-year low of $22.50 and a 1-year high of $33.25.
Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $46.22 million for the quarter, compared to analyst estimates of $43.74 million. Heritage Financial had a return on equity of 8.90% and a net margin of 21.16%. analysts anticipate that Heritage Financial will post 1.79 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on HFWA shares. BidaskClub lowered Heritage Financial from a “buy” rating to a “hold” rating in a report on Friday, December 29th. FIG Partners raised Heritage Financial from a “market-perform” rating to an “outperform” rating in a report on Tuesday, December 12th. DA Davidson boosted their target price on Heritage Financial from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Piper Jaffray Companies reissued a “hold” rating and set a $33.00 target price on shares of Heritage Financial in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of Heritage Financial in a report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Heritage Financial has an average rating of “Buy” and a consensus target price of $34.60.
Heritage Financial Company Profile
Heritage Financial Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its bank subsidiary, Heritage Bank (the Bank). The Bank’s lending activities focus on commercial business lending. The Bank also originates consumer loans, real estate construction and land development loans, and one- to four-family residential loans.
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