Heritage Financial (HFWA) Scheduled to Post Quarterly Earnings on Thursday

Heritage Financial (NASDAQ:HFWA) will announce its earnings results before the market opens on Thursday, July 25th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Heritage Financial (NASDAQ:HFWA) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $48.63 million during the quarter, compared to the consensus estimate of $59.87 million. Heritage Financial had a net margin of 15.70% and a return on equity of 8.18%. 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 Up 2.7 %

Shares of NASDAQ HFWA opened at $22.05 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $764.91 million, a PE ratio of 16.58 and a beta of 0.54. The firm’s 50-day moving average is $18.20 and its 200-day moving average is $18.61. Heritage Financial has a 1 year low of $15.50 and a 1 year high of $22.55.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 target price on shares of Heritage Financial in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.75.

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.