Price (delayed)
$22.7
Market cap
$783.06M
P/E Ratio
17.73
Dividend/share
$0.91
EPS
$1.28
Enterprise value
$1.19B
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
The equity has increased by 3.8% YoY
HFWA's net income is down by 45% year-on-year and by 6% since the previous quarter
The company's EPS fell by 44% YoY and by 5% QoQ
Key stats
What are the main financial stats of HFWA
Market
Valuations
Earnings
Shares outstanding
34.5M
Market cap
$783.06M
Enterprise value
$1.19B
Price to earnings (P/E)
17.73
Price to book (P/B)
0.93
Price to sales (P/S)
3.66
EV/EBIT
23.25
EV/EBITDA
21.36
EV/Sales
5.56
Revenue
$214.4M
EBIT
$51.24M
EBITDA
$55.76M
Free cash flow
$75.26M
Per share
Balance sheet
Liquidity
EPS
$1.28
Free cash flow per share
$2.17
Book value per share
$24.52
Revenue per share
$6.19
TBVPS
$196.91
Total assets
$7.06B
Total liabilities
$6.21B
Debt
$521.91M
Equity
$850.51M
Working capital
N/A
Debt to equity
0.61
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
7.32
Margins
Efficiency
Dividend
EBITDA margin
26%
Gross margin
100%
Net margin
20.7%
Operating margin
23.9%
Return on assets
0.6%
Return on equity
5.3%
Return on invested capital
0.7%
Return on capital employed
N/A
Return on sales
23.9%
Dividend yield
4.01%
DPS
$0.91
Payout ratio
71.1%
HFWA stock price
How has the Heritage Financial stock price performed over time
Intraday
3.18%
1 week
6.37%
1 month
3.32%
1 year
35.12%
YTD
6.12%
QTD
25.9%
Financial performance
How have Heritage Financial's revenue and profit performed over time
Revenue
$214.4M
Gross profit
$214.4M
Operating income
$51.24M
Net income
$44.36M
Gross margin
100%
Net margin
20.7%
The company's operating income fell by 48% YoY and by 7% QoQ
HFWA's net income is down by 45% year-on-year and by 6% since the previous quarter
HFWA's operating margin is down by 36% year-on-year and by 4.4% since the previous quarter
Heritage Financial's net margin has decreased by 33% YoY and by 2.8% QoQ
Growth
What is Heritage Financial's growth rate over time
Valuation
What is Heritage Financial stock price valuation
P/E
17.73
P/B
0.93
P/S
3.66
EV/EBIT
23.25
EV/EBITDA
21.36
EV/Sales
5.56
The company's EPS fell by 44% YoY and by 5% QoQ
The price to earnings (P/E) is 43% higher than the last 4 quarters average of 12.0 and 39% higher than the 5-year quarterly average of 12.4
The P/B is 13% higher than the last 4 quarters average of 0.8 but 10% lower than the 5-year quarterly average of 1.0
The equity has increased by 3.8% YoY
The price to sales (P/S) is 27% higher than the last 4 quarters average of 2.8
HFWA's revenue is down by 18% year-on-year and by 2.8% since the previous quarter
Efficiency
How efficient is Heritage Financial business performance
The company's return on invested capital has shrunk by 50% YoY and by 13% QoQ
The ROE has contracted by 47% YoY and by 5% from the previous quarter
The ROA fell by 45% YoY and by 14% QoQ
The company's return on sales fell by 36% YoY and by 4.4% QoQ
Dividends
What is HFWA's dividend history
DPS
$0.91
Dividend yield
4.01%
Payout ratio
71.1%
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 39% lower than its equity
The equity has increased by 3.8% YoY
Heritage Financial's debt has increased by 2.4% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.