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 given a dividend of 0.25 per share by the financial services provider on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 3.3%. 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%annually over the last three years and has increased its dividend every year for the last 14 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 $2.80 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 34.3%.

Heritage Financial Stock Up 0.4%

Shares of Heritage Financial stock opened at $30.29 on Friday. The company has a 50-day simple moving average of $28.59 and a two-hundred day simple moving average of $27.16. The stock has a market capitalization of $1.25 billion, a PE ratio of 14.85 and a beta of 0.49. Heritage Financial has a 52-week low of $21.32 and a 52-week high of $31.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.81.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.13. The firm had revenue of $84.13 million for the quarter, compared to analysts’ expectations of $86.30 million. Heritage Financial had a net margin of 20.50% and a return on equity of 8.71%. On average, analysts anticipate that Heritage Financial will post 2.39 EPS for the current fiscal year.

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.