Heritage Financial (HFWA) to Release Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Heritage Financial to post earnings of $0.41 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $50.72 million for the quarter, compared to the consensus estimate of $62.00 million. Heritage Financial had a net margin of 20.37% and a return on equity of 8.66%. On average, analysts expect Heritage Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Financial Stock Performance

Shares of NASDAQ:HFWA opened at $18.63 on Wednesday. The company has a market capitalization of $645.53 million, a price-to-earnings ratio of 10.65 and a beta of 0.54. Heritage Financial has a 12 month low of $14.85 and a 12 month high of $22.55. The firm’s 50-day moving average is $18.40 and its 200 day moving average is $18.72. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HFWA. Keefe, Bruyette & Woods dropped their target price on shares of Heritage Financial from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Stephens reaffirmed an “equal weight” rating and issued a $22.00 price target on shares of Heritage Financial in a research report on Wednesday, March 13th. DA Davidson decreased their target price on shares of Heritage Financial from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, StockNews.com raised shares of Heritage Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Heritage Financial currently has a consensus rating of “Hold” and an average target price of $22.25.

About Heritage Financial

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.