Stock AnalizHeritage Financial Corp. HFWA
Banks · data as of November 13, 2026
Heritage Financial Corp. (HFWA) is a financial company listed in the US with a market value of about $1.1B. In the twelve months to September 30, 2026 it had revenue of $315M and net income of $77M, a net margin of 24.6%.
Its overall Stock Analiz score is 2.6 out of 5 (average). The strongest part is shareholder returns (4/5); the weakest is track record (1/5).
Key numbers: a P/E of 14.1, a price to free cash flow of 13.6, 5-year revenue growth of 1% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 11% above the current price.
Score: 2.6 / 5
Checks passed
- P/E below 25
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- Profit margin improving
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
- Positive free cash flow
Checks not passed
- P/E below the industry median
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $315M | $246M | $217M | $244M | $249M | $240M | $238M | $232M | $219M | $175M | $164M |
| Net income | $77M | $68M | $43M | $62M | $82M | $98M | $47M | $68M | $53M | $42M | $39M |
| Free cash flow | $84M | $86M | $61M | $99M | $90M | $67M | $63M | $79M | $67M | $70M | $47M |
| EPS (diluted) | $2.01 | $1.96 | $1.24 | $1.75 | $2.31 | $2.73 | $1.29 | $1.83 | $1.49 | $1.39 | $1.30 |
| Net margin | 24.6% | 27.4% | 20.0% | 25.3% | 32.9% | 40.8% | 19.6% | 29.1% | 24.3% | 23.9% | 23.7% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $32.60, 15% above the current price; targets range from $31.00 to $34.00; the consensus rating is “none”; expected EPS is $2.33 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Heritage Financial’s P/E ratio?
About 14.1, based on the last twelve months of diluted earnings per share (forward P/E about 11.2).
Is Heritage Financial stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 11% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Heritage Financial pay a dividend?
Yes. The dividend yield is about 3.55%, and it has paid dividends for 10 years in our data.
Is Heritage Financial a good stock to buy?
We do not give buy or sell advice. Heritage Financial scores 2.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.