As of May 3, 2024, the Heritage Financial stock's PE ratio is 10.73. This takes into account the latest EPS of $1.76 and stock price of $18.89. The PE ratio has grown by 20% from its last 4 quarters average of 8.9.
The PE ratio of Heritage Financial has averaged 16.29 over the last ten years. The current P/E ratio of 10.73 is 34% lower than the historical average. Looking back at the last ten years, HFWA's PE ratio peaked in the Jun 2014 quarter at 28.73, when the price was $16.09 and the EPS was $0.56. The lowest point was in the Jun 2023 quarter, when it reached 7.03 with a price of $16.17 and an EPS of $2.3.
Maximum annual increase: 47.92% in 2022
Maximum annual decrease: -50.97% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.15 | -7.6% |
| 2022 | 13.15 | 47.92% |
| 2021 | 8.89 | -50.97% |
| 2020 | 18.13 | 17.88% |
| 2019 | 15.38 | -22.91% |
| 2018 | 19.95 | -9.97% |
| 2017 | 22.16 | 11.86% |
| 2016 | 19.81 | 31.45% |
| 2015 | 15.07 | -29.58% |
| 2014 | 21.4 | -23.65% |
Currently, HFWA's PE ratio is higher than its 3-year average, but it is lower than its 5 and 10-year averages.
HFWA's PE ratio stands lower than its peer stocks COLB and SHBI, but it is higher than BANR's and BWFG's. Heritage Financial's current PE ratio of 10.73 is lower than the average of its peers, which is 12.93.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BWFG Bankwell Financial Group Inc | 5.1 | $190.5M |
| BANR Banner Corp | 8.64 | $1.59B |
| HFWA Heritage Financial Corp | 10.73 | $659.38M |
| COLB Columbia Banking System Inc | 11.27 | $4.21B |
| SHBI Shore Bancshares Inc | 26.69 | $372.29M |
As of May 3, 2024, HFWA stock has a price to earnings ratio of 10.73.
The 3-year average price to earnings ratio for HFWA stock is 9.86.
The 5-year average price to earnings ratio for HFWA stock is 12.46.
Over the last ten years, the quarterly PE ratio reached its highest level at 28.73 in the Jun 2014 quarter.
HFWA's price to earnings ratio is currently 34% below its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), Heritage Financial's share price is $18.89. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.76. Therefore, Heritage Financial's PE ratio for today is 10.73. PE RATIO(10.73) = STOCK PRICE($18.89) / TTM EPS($1.76)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.