Heritage Financial (HFWA) Scheduled to Post Earnings on Thursday
Heritage Financial (NASDAQ:HFWA) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 25th. Analysts expect Heritage Financial to post earnings of $0.33 per share for the quarter.
Heritage Financial (NASDAQ:HFWA) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Heritage Financial had a return on equity of 8.42% and a net margin of 23.48%. The business had revenue of $43.39 million during the quarter, compared to analysts’ expectations of $42.85 million. On average, analysts expect Heritage Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Heritage Financial (NASDAQ HFWA) opened at $31.85 on Thursday. Heritage Financial has a 52-week low of $22.50 and a 52-week high of $33.25. 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 company has a market capitalization of $945.76, a PE ratio of 22.91, a P/E/G ratio of 1.86 and a beta of 0.47.
A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $33.00 price objective on shares of Heritage Financial in a report on Tuesday, January 9th. ValuEngine upgraded Heritage Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub cut Heritage Financial from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price objective on shares of Heritage Financial in a report on Friday, December 22nd. Finally, FIG Partners upgraded Heritage Financial from a “market-perform” rating to an “outperform” rating in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $34.25.
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About Heritage Financial
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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