Heritage Financial Corporation (HFWA) To Go Ex-Dividend on November 4th

by · The Markets Daily

Heritage Financial Corporation (NASDAQ:HFWA – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Wednesday, November 4th will be paid a dividend of $0.25 per share by the financial services provider on Wednesday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 4th.

Heritage Financial has a dividend payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Heritage Financial to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 38.0%.

Heritage Financial Stock Performance

HFWA opened at $28.47 on Monday. The stock has a 50-day moving average of $28.25 and a 200 day moving average of $27.77. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. Heritage Financial has a 12 month low of $21.32 and a 12 month high of $31.25. The firm has a market cap of $1.16 billion, a P/E ratio of 14.16 and a beta of 0.53.

Heritage Financial (NASDAQ:HFWA – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Heritage Financial had a net margin of 19.24% and a return on equity of 8.70%. The business had revenue of $86.51 million during the quarter, compared to the consensus estimate of $86.11 million. As a group, research analysts forecast that Heritage Financial will post 2.32 EPS for the current year.

Heritage Financial Company Profile

(Get Free Report)

Heritage Financial Corporation (NASDAQ: HFWA) is a bank holding company headquartered in Olympia, Washington. The company operates primarily through Heritage Bank, a community-focused financial institution serving businesses, individuals and organizations in Washington and Oregon.

Heritage Bank provides commercial and residential real estate lending, business and consumer loans, deposit accounts, cash-management and treasury services, online and mobile banking, and other traditional banking products.

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