Financials Heritage Financial Corporation

Equities

HFWA

US42722X1063

Banks

Market Closed - Nasdaq 04:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
17.66 USD -1.18% Intraday chart for Heritage Financial Corporation -2.54% -17.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,034 839.5 859.5 1,076 746.5 612.6 -
Enterprise Value (EV) 1 1,034 839.5 859.5 1,076 746.5 612.6 612.6
P/E ratio 15.5 x 18.1 x 8.95 x 13.3 x 12.2 x 12.3 x 9.57 x
Yield 2.97% 3.42% 3.31% 2.74% 4.11% 5.15% 5.34%
Capitalization / Revenue 4.46 x 3.52 x 3.58 x 4.32 x 3.06 x 2.62 x 2.43 x
EV / Revenue 4.46 x 3.52 x 3.58 x 4.32 x 3.06 x 2.62 x 2.43 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.28 x 1.02 x 1 x 1.35 x 0.88 x 0.7 x 0.66 x
Nbr of stocks (in thousands) 36,552 35,890 35,167 35,104 34,901 34,690 -
Reference price 2 28.30 23.39 24.44 30.64 21.39 17.66 17.66
Announcement Date 1/23/20 1/28/21 1/27/22 1/26/23 1/25/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 232.1 238.2 240.4 249 243.8 233.7 252
EBITDA - - - - - - -
EBIT 1 85.36 87.77 91.11 98.01 77.2 73.19 84.34
Operating Margin 36.77% 36.84% 37.9% 39.37% 31.66% 31.32% 33.47%
Earnings before Tax (EBT) 1 81.04 53.18 120.5 99.44 72.92 64.41 76.12
Net income 1 67.56 46.57 98.04 81.88 61.76 50.27 64.07
Net margin 29.1% 19.55% 40.78% 32.88% 25.33% 21.51% 25.43%
EPS 2 1.830 1.290 2.730 2.310 1.750 1.440 1.845
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.8400 0.8000 0.8100 0.8400 0.8800 0.9100 0.9433
Announcement Date 1/23/20 1/28/21 1/27/22 1/26/23 1/25/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 59.61 57.75 55.48 57.06 66.74 69.69 68.1 63.1 61.89 50.72 59.7 58.83 59.57 60.46 60.79
EBITDA - - - - - - - - - - - - - - -
EBIT 1 22.44 19.28 19.76 21.36 27.59 29.3 26.5 21.78 20.92 8.001 19 18.09 18.36 18.92 18.92
Operating Margin 37.65% 33.39% 35.62% 37.43% 41.34% 42.04% 38.91% 34.51% 33.8% 15.77% 31.83% 30.74% 30.82% 31.3% 31.12%
Earnings before Tax (EBT) 1 25.59 24.32 23.34 22.56 25.65 27.89 24.67 19.87 21.8 6.577 17.5 16.67 16.95 17.08 17.06
Net income 1 20.59 19.4 19.76 18.58 20.99 22.54 20.46 16.85 18.22 6.233 14.7 14.16 14.38 14.49 14.37
Net margin 34.55% 33.59% 35.61% 32.57% 31.45% 32.35% 30.04% 26.7% 29.44% 12.29% 24.62% 24.07% 24.14% 23.97% 23.64%
EPS 2 0.5800 0.5500 0.5600 0.5200 0.5900 0.6400 0.5800 0.4800 0.5100 0.1800 0.4200 0.4050 0.4133 0.4200 0.4117
Dividend per Share 2 0.2000 0.2100 0.2100 0.2100 0.2100 0.2100 0.2200 0.2200 0.2200 0.2200 0.2275 0.2267 0.2267 0.2300 0.2350
Announcement Date 10/21/21 1/27/22 4/21/22 7/21/22 10/20/22 1/26/23 4/20/23 7/20/23 10/19/23 1/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 8.61% 5.71% 11.7% 9.91% 7.48% 6.02% 7.44%
ROA (Net income/ Total Assets) 1.24% 0.77% 1.4% 1.16% 0.87% 0.75% 0.87%
Assets 1 5,435 6,084 7,024 7,089 7,098 6,748 7,379
Book Value Per Share 2 22.10 22.90 24.30 22.70 24.40 25.30 26.60
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 1/23/20 1/28/21 1/27/22 1/26/23 1/25/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
17.66 USD
Average target price
21.4 USD
Spread / Average Target
+21.18%
Consensus
  1. Stock Market
  2. Equities
  3. HFWA Stock
  4. Financials Heritage Financial Corporation