Keefe Bruyette downgraded Heritage Financial Corp. from Outperform to Mkt Perform and set a new price target of $23.00 from $31.00 previously
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| 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 |
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
Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024.Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis.Loans receivable increased $146.9 million, or 3.2% (12.9% annualized).Deposits increased $192.8 million, or 3.5% (13.9% annualized).Non-interest bearing deposits increased $82.9 million, or 5.2% (20.6% annualized).Net interest margin was 3.33%, compared to 3.29% for the second quarter of 2024.Cost of total deposits was 1.42%, compared to 1.34% for the second quarter of 2024.Noninterest expense to average
OLYMPIA, Wash., Oct. 23, 2024 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank (the "Bank"), announces that Nicholas ("Nic") Bley will become the Executive Vice President and Chief Operating Officer ("COO") of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024. Mr. Bley held various titles with JPMorgan Chase & Co. over the past 16 years with his most recent role being the Managing Director and Commercial Real Estate Senior Regional Sales Manager. While with JPMorgan Chase & Co., Mr. Bley also held a variety of leadership positions with broad experience including sales management,
OLYMPIA, Wash., Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24, 2024 before the market opens. The Company has scheduled a telephone conference call to discuss the third quarter earnings on Thursday, October 24, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs. It is recommended you join 10 minutes prior to the start time. Register for the call with the below lin
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
10-Q - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
8-K - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
8-K - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
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SC 13G - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
SC 13G - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
SC 13G - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
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.
4 - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Issuer)
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Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024.Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis.Loans receivable increased $146.9 million, or 3.2% (12.9% annualized).Deposits increased $192.8 million, or 3.5% (13.9% annualized).Non-interest bearing deposits increased $82.9 million, or 5.2% (20.6% annualized).Net interest margin was 3.33%, compared to 3.29% for the second quarter of 2024.Cost of total deposits was 1.42%, compared to 1.34% for the second quarter of 2024.Noninterest expense to average
OLYMPIA, Wash., Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24, 2024 before the market opens. The Company has scheduled a telephone conference call to discuss the third quarter earnings on Thursday, October 24, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs. It is recommended you join 10 minutes prior to the start time. Register for the call with the below lin
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