$ 57.27 million in expected sales for Heritage Financial Co. (NASDAQ: HFWA) this quarter


Wall Street analysts expect Heritage Financial Co. (NASDAQ: HFWA) to post revenue of $ 57.27 million for the current quarter, Zacks investment research reports. Three analysts provided earnings estimates for Heritage Financial, with estimates ranging from $ 56.70 million to $ 57.90 million. Heritage Financial reported sales of $ 63.74 million in the same quarter last year, which would indicate a negative growth rate of 10.2% year over year. The company is expected to publish its next results on Thursday, January 27.

On average, analysts expect Heritage Financial to report annual revenue of $ 238.03 million for the current year, with estimates ranging from $ 237.30 million to $ 238.50 million. of dollars. For the next fiscal year, analysts predict the company will post sales of $ 225.17 million, with estimates ranging from $ 222.50 million to $ 229.30 million. Zacks’ sales calculations are an average based on a survey of research analysts who provide coverage for Heritage Financial.

Heritage Financial (NASDAQ: HFWA) last reported its results on Wednesday, October 20. The financial services provider reported earnings per share (EPS) of $ 0.58 for the quarter, beating analyst consensus estimates of $ 0.53 by $ 0.05. The company posted revenue of $ 59.61 million for the quarter, compared to analysts’ estimates of $ 60.53 million. Heritage Financial had a return on equity of 12.23% and a net margin of 40.37%. In the same quarter of last year, the company posted EPS of $ 0.46.

Separately, Zacks investment research downgraded Heritage Financial from a “buy” rating to a “conservation” rating in a report released on Tuesday, October 26.

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Actions of HFWA Stock open for $ 24.04 Friday. The stock’s fifty-day moving average is $ 24.53 and its two-hundred-day moving average is $ 24.72. The company has a debt to equity ratio of 0.02, a quick ratio of 0.87, and a current ratio of 0.87. The company has a market cap of $ 845.41 million, a P / E ratio of 8.46 and a beta of 0.72. Heritage Financial has a fifty-two week minimum of $ 20.95 and a fifty-two week maximum of $ 30.86.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 17. Shareholders of record on Wednesday, November 3 received a dividend of $ 0.21 per share. This represents an annualized dividend of $ 0.84 and a dividend yield of 3.49%. The ex-dividend date was Tuesday, November 2. This is a positive change from Heritage Financial’s previous quarterly dividend of $ 0.20. Heritage Financial’s payout ratio is currently 29.58%.

Several hedge funds and other institutional investors have recently bought and sold shares in the company. Parametric Portfolio Associates LLC increased its position in Heritage Financial shares by 10.6% during the second quarter. Parametric Portfolio Associates LLC now owns 105,973 shares of the financial services provider valued at $ 2,651,000 after purchasing an additional 10,140 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Heritage Financial by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 555,046 shares of the financial services provider valued at $ 13,887,000 after purchasing an additional 11,639 shares in the last quarter. Martin & Co. Inc. TN increased its position in Heritage Financial shares by 1.7% during the 3rd quarter. Martin & Co. Inc. TN now owns 84,123 shares of the financial services provider valued at $ 2,145,000 after purchasing an additional 1,400 shares in the last quarter. Royal Bank of Canada increased its position in Heritage Financial shares by 58.9% in the second quarter. Royal Bank of Canada now owns 217,066 shares of the financial services provider valued at $ 5,431,000 after purchasing an additional 80,493 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in Heritage Financial shares by 100.9% during the second quarter. Citadel Advisors LLC now owns 157,662 shares of the financial services provider valued at $ 3,944,000 after purchasing an additional 79,190 shares in the last quarter. Institutional investors and hedge funds hold 79.18% of the company’s shares.

Heritage Financial Company Profile

Heritage Financial Corp. is a banking holding company engaged in the planning, direction and coordination of the business activities of wholly owned subsidiary Heritage Bank. It includes commercial loan and deposit relationships with small and medium enterprises and their owners in market areas, and the attraction of deposits from the general public.

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Heritage Financial Revenue History and Estimates (NASDAQ: HFWA)

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