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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 |
OLYMPIA, Wash., May 6, 2025 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) ("Company"), parent company of Heritage Bank ("Bank"), announced today that Bryan D. McDonald was named President and Chief Executive Officer ("CEO") and appointed to the Board of Directors of the Company and the Bank, as part of the CEO succession plan previously announced in June 2024. Mr. McDonald was also named President and CEO of the Bank effective July 1, 2024. Mr. McDonald held the titles of President and Chief Operating Officer of the Bank from 2021 to 2024 and was the Executive Vice President and Chief Operating Officer of the Bank from 2018 to 2021. He joined the Bank as the Executive Vice Pre
First Quarter 2025 Highlights Net income was $13.9 million, or $0.40 per diluted share, compared to $11.9 million, or $0.34 per diluted share, for the fourth quarter of 2024. Results included a pre-tax loss on sale of securities of $3.9 million resulting in a negative impact of $0.09 per diluted share, which is the same impact as for the fourth quarter of 2024.Net interest margin increased to 3.44%, from 3.36% for the fourth quarter of 2024.Deposits increased $160.7 million, or 2.8% (11.4% annualized).Cost of interest bearing deposits decreased to 1.92%, from 1.98% for the fourth quarter of 2024.Expanded into Spokane, Washington with the hiring of three experienced commercial bankers. Declar
OLYMPIA, Wash., March 27, 2025 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage") anticipates issuing its first quarter earnings release on Thursday, April 24, 2025 before the market opens. The Company has scheduled a telephone conference call to discuss the first quarter earnings on Thursday, April 24, 2025 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 link:
SCHEDULE 13G/A - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
8-K - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
10-Q - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Filer)
First Quarter 2025 Highlights Net income was $13.9 million, or $0.40 per diluted share, compared to $11.9 million, or $0.34 per diluted share, for the fourth quarter of 2024. Results included a pre-tax loss on sale of securities of $3.9 million resulting in a negative impact of $0.09 per diluted share, which is the same impact as for the fourth quarter of 2024.Net interest margin increased to 3.44%, from 3.36% for the fourth quarter of 2024.Deposits increased $160.7 million, or 2.8% (11.4% annualized).Cost of interest bearing deposits decreased to 1.92%, from 1.98% for the fourth quarter of 2024.Expanded into Spokane, Washington with the hiring of three experienced commercial bankers. Declar
OLYMPIA, Wash., March 27, 2025 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage") anticipates issuing its first quarter earnings release on Thursday, April 24, 2025 before the market opens. The Company has scheduled a telephone conference call to discuss the first quarter earnings on Thursday, April 24, 2025 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 link:
Fourth Quarter 2024 Highlights Net income was $11.9 million, or $0.34 per diluted share, compared to $11.4 million, or $0.33 per diluted share, for the third quarter of 2024.Results included a pre-tax loss on sale of securities of $3.9 million and $2.9 million in total after-tax costs related to BOLI restructuring, resulting in an aggregate negative impact of $0.17 per diluted share.Loans receivable increased $122.6 million, or 2.6% (10.5% annualized).Net interest margin increased to 3.39%, from 3.33% for the third quarter of 2024.Cost of total deposits decreased to 1.39%, from 1.42% for the third quarter of 2024.Declared a regular cash dividend of $0.24 per share on January 22, 2025, an inc
4 - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Issuer)
4 - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Issuer)
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
4 - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Issuer)
4 - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Issuer)
4 - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Issuer)
SC 13G - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
SC 13G - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
SC 13G - HERITAGE FINANCIAL CORP /WA/ (0001046025) (Subject)
OLYMPIA, Wash., May 6, 2025 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) ("Company"), parent company of Heritage Bank ("Bank"), announced today that Bryan D. McDonald was named President and Chief Executive Officer ("CEO") and appointed to the Board of Directors of the Company and the Bank, as part of the CEO succession plan previously announced in June 2024. Mr. McDonald was also named President and CEO of the Bank effective July 1, 2024. Mr. McDonald held the titles of President and Chief Operating Officer of the Bank from 2021 to 2024 and was the Executive Vice President and Chief Operating Officer of the Bank from 2018 to 2021. He joined the Bank as the Executive Vice Pre
OLYMPIA, Wash., Dec. 19, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ:HFWA) is pleased to announce the appointment of Karen R. Saunders to its Board of Directors. Ms. Saunders was also appointed to the Board of Directors of Heritage's wholly-owned subsidiary, Heritage Bank. The appointment is effective January 1, 2025. "We are pleased to welcome Karen to our board of directors," said Brian L. Vance, Board Chair. "Karen brings the depth of audit, finance, and financial services experience we were searching for along with extensive executive leadershi
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