HFWA Heritage Financial Corp
Price (delayed)
$21.88
Market cap
$743.72M
P/E Ratio
17.37
Dividend/share
$0.93
EPS
$1.26
Enterprise value
$1.03B
Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary. Heritage Bank has a branching network of 61
Highlights
Heritage Financial's debt has decreased by 22% YoY
HFWA's net income is down by 30% year-on-year but it is up by 15% since the previous quarter
The company's EPS fell by 28% YoY but it rose by 16% QoQ
The price to earnings (P/E) is 35% higher than the 5-year quarterly average of 12.9 and 2.2% higher than the last 4 quarters average of 17.0
Key stats
What are the main financial stats of HFWA
Market
Valuations
Earnings
Shares outstanding
33.99M
Market cap
$743.72M
Enterprise value
$1.03B
Price to earnings (P/E)
17.37
Price to book (P/B)
0.87
Price to sales (P/S)
3.58
EV/EBIT
19.74
EV/EBITDA
18.59
EV/Sales
4.9
Revenue
$210.56M
Gross profit
$210.56M
Operating income
$52.26M
Net income
$43.26M
EBIT
$52.26M
EBITDA
$55.49M
Free cash flow
$61.11M
Per share
Balance sheet
Liquidity
EPS
$1.26
EPS diluted
$1.24
Free cash flow per share
$1.77
Book value per share
$25.28
Revenue per share
$6.11
TBVPS
$199.1
Total assets
$7.11B
Total liabilities
$6.24B
Debt
$405.06M
Equity
$863.53M
Working capital
N/A
Debt to equity
0.47
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
5.19
Margins
Efficiency
Dividend
EBITDA margin
26.4%
Gross margin
100%
Net margin
20.5%
Operating margin
24.8%
Return on assets
0.6%
Return on equity
5%
Return on invested capital
0.7%
Return on capital employed
N/A
Return on sales
24.8%
Dividend yield
4.25%
DPS
$0.93
Payout ratio
73.8%
HFWA stock price
How has the Heritage Financial stock price performed over time
Intraday
0.14%
1 week
3.16%
1 month
-7.99%
1 year
20.42%
YTD
-10.69%
QTD
-10.07%
Financial performance
How have Heritage Financial's revenue and profit performed over time
Revenue
$210.56M
Gross profit
$210.56M
Operating income
$52.26M
Net income
$43.26M
Gross margin
100%
Net margin
20.5%
HFWA's net income is down by 30% year-on-year but it is up by 15% since the previous quarter
The company's operating income fell by 28% YoY but it rose by 23% QoQ
Heritage Financial's net margin has decreased by 21% YoY but it has increased by 11% QoQ
HFWA's operating margin is up by 19% since the previous quarter but it is down by 18% year-on-year
Growth
What is Heritage Financial's growth rate over time
Valuation
What is Heritage Financial stock price valuation
P/E
17.37
P/B
0.87
P/S
3.58
EV/EBIT
19.74
EV/EBITDA
18.59
EV/Sales
4.9
The price to earnings (P/E) is 35% higher than the 5-year quarterly average of 12.9 and 2.2% higher than the last 4 quarters average of 17.0
The company's EPS fell by 28% YoY but it rose by 16% QoQ
The P/B is 13% lower than the 5-year quarterly average of 1.0 but 9% higher than the last 4 quarters average of 0.8
HFWA's revenue is down by 12% year-on-year but it is up by 3.2% since the previous quarter
The price to sales (P/S) is 5% higher than the 5-year quarterly average of 3.4 and 5% higher than the last 4 quarters average of 3.4
Efficiency
How efficient is Heritage Financial business performance
The ROE has contracted by 33% YoY but it has grown by 14% from the previous quarter
The ROA fell by 33% YoY but it rose by 20% QoQ
The company's return on invested capital fell by 30% YoY but it rose by 17% QoQ
The company's return on sales rose by 19% QoQ but it fell by 18% YoY
Dividends
What is HFWA's dividend history
DPS
$0.93
Dividend yield
4.25%
Payout ratio
73.8%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Heritage Financial financials performed over time
The total assets is 14% more than the total liabilities
Heritage Financial's debt is 53% lower than its equity
The company's debt to equity fell by 23% YoY but it rose by 2.2% QoQ
Heritage Financial's debt has decreased by 22% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.