Date | Price Target | Rating | Analyst |
---|---|---|---|
4/24/2023 | $31.00 → $23.00 | Outperform → Mkt Perform | Keefe Bruyette |
6/29/2022 | $27.00 → $29.00 | Neutral → Buy | DA Davidson |
Second Quarter 2024 Highlights Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter.The second quarter results include a loss on sale of securities of $1.9 million, or $0.04 per diluted share.Loans receivable increased $104.5 million, or 2.4% (9.5% annualized), during the second quarter.Net interest margin was 3.29% for the second quarter compared to 3.32% for the first quarter.Cost of total deposits was 1.34% for the second quarter compared to 1.19% for the first quarter.Noninterest expense to average total assets was 2.21% for the second quarter compared to 2.29% for the first quarter.De
OLYMPIA, Wash., July 3, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company" or "Heritage") (NASDAQ:HFWA) anticipates issuing its second quarter earnings release on Thursday, July 25, 2024 before the market opens. The Company has scheduled a telephone conference call to discuss the second quarter earnings on Thursday, July 25, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). To access the conference call, call the numbers listed below: Live Conference Call (833) 470-1428 Access Code 281184 Replay of Conference Call (866) 813-9403 Access Code 638306 The conference call will be recorded and will be available following the live conference call for replay twenty-four hours a
Retiring Chief Executive Jeff Deuel Remains CEO of Heritage Financial Corporation until May 2025; Bryan McDonald Named President and CEO of Heritage Bank and President of Heritage Financial Corporation OLYMPIA, Wash., June 25, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq GS: HFWA) (the "Company or "Heritage"), the parent company of Heritage Bank (the "Bank"), has named Bryan D. McDonald to succeed Jeffrey J. Deuel as President and CEO of Heritage Bank and President of Heritage Financial Corporation, effective July 1, 2024. Mr. McDonald has held the titles of President and Chief Operating Officer of Heritage Bank since 2018.
Second Quarter 2024 Highlights Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter.The second quarter results include a loss on sale of securities of $1.9 million, or $0.04 per diluted share.Loans receivable increased $104.5 million, or 2.4% (9.5% annualized), during the second quarter.Net interest margin was 3.29% for the second quarter compared to 3.32% for the first quarter.Cost of total deposits was 1.34% for the second quarter compared to 1.19% for the first quarter.Noninterest expense to average total assets was 2.21% for the second quarter compared to 2.29% for the first quarter.De
OLYMPIA, Wash., July 3, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company" or "Heritage") (NASDAQ:HFWA) anticipates issuing its second quarter earnings release on Thursday, July 25, 2024 before the market opens. The Company has scheduled a telephone conference call to discuss the second quarter earnings on Thursday, July 25, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). To access the conference call, call the numbers listed below: Live Conference Call (833) 470-1428 Access Code 281184 Replay of Conference Call (866) 813-9403 Access Code 638306 The conference call will be recorded and will be available following the live conference call for replay twenty-four hours a
Net income was $5.7 million, or $0.16 per diluted share, for the first quarter of 2024 compared to $6.2 million, or $0.18 per diluted share, for the fourth quarter of 2023.Significant items in the first quarter of 2024 results include a loss on sale of securities of $10.0 million, or $0.22 per diluted share, and costs relating to expense management measures of $1.1 million, or $0.02 per diluted share.Loans receivable increased $92.5 million, or 2.1% (8.4% annualized), during the first quarter of 2024.Net interest margin was 3.32% for the first quarter of 2024 compared to 3.41% for the fourth quarter of 2023.Cost of total deposits was 1.19% for the first quarter of 2024 compared to 1.01% for
10-Q - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
8-K - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
8-K - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
Keefe Bruyette downgraded Heritage Financial Corp. from Outperform to Mkt Perform and set a new price target of $23.00 from $31.00 previously
DA Davidson upgraded Heritage Financial Corp. from Neutral to Buy and set a new price target of $29.00 from $27.00 previously
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OLYMPIA, Wash., Jan. 5, 2023 /PRNewswire/ -- Heritage Bank ("Heritage" or "Bank"), a wholly-owned subsidiary of Heritage Financial Corporation (NASDAQ:HFWA), is pleased to announce the appointment of Matt Ray as Executive Vice President Chief Lending Officer, Amy Curran as Executive Vice President Director of Commercial Banking, Kelli Wilson as Executive Vice President Chief Banking Officer and Sabrina Robison as Executive Vice President Chief Human Resources Officer. Robison assumed her new executive title in September 2022, while Ray, Curran and Wilson assumed their new executive roles on January 1, 2023. Wilson will succeed Cindy Hirman who is scheduled to retire in April 2023. Jeff Deuel
OLYMPIA, Wash., Dec. 21, 2022 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ:HFWA) is pleased to announce the appointment of Eric K. Chan to its Board of Directors. Mr. Chan was also appointed to the Board of Directors of Heritage's wholly-owned subsidiary, Heritage Bank. The appointment is effective January 1, 2023. "We are pleased to welcome Eric to our board of directors," said Brian L. Vance, Board Chair. "Eric brings the depth of finance and operational experience we were searching for along with extensive executive leadership experience. Eric's backg
OLYMPIA, Wash., Nov. 9, 2021 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ:HFWA), is pleased to announce the appointment of Trevor Dryer and Gail Giacobbe to its Board of Directors. Mr. Dryer and Ms. Giacobbe were also appointed to the Board of Directors of Heritage's wholly-owned subsidiary, Heritage Bank. The appointments are effective January 1, 2022. "We are pleased to welcome Trevor and Gail to our board of directors," said Brian L. Vance, Board Chair. "Trevor is a fintech and small business lending subject matter expert with executive leadership ex
Heritage Financial (NASDAQ:HFWA) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.40 by 12.5 percent. The company reported quarterly sales of $56.359 million which missed the analyst consensus estimate of $58.293 million by 3.32 percent. This is a 10.69 percent decrease over sales of $63.105 million the same period last year.
Keefe, Bruyette & Woods analyst Kelly Motta maintains Heritage Financial (NASDAQ:HFWA) with a Market Perform and maintains $20 price target.
Retiring Chief Executive Jeff Deuel Remains CEO of Heritage Financial Corporation until May 2025; Bryan McDonald Named President and CEO of Heritage Bank and President of Heritage Financial CorporationOLYMPIA, Wash., June 25, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq GS: HFWA) (the "Company or "Heritage"), the parent company of Heritage Bank (the "Bank"), has named Bryan D. McDonald to succeed Jeffrey J. Deuel as President and CEO of Heritage Bank and President of Heritage Financial Corporation, effective July 1, 2024. Mr. McDonald has held the titles of President and Chief Operating Officer of Heritage Bank since 2018.