Heritage Financial Corporation (HFWA) Stock

Heritage Financial Corporation (HFWA) is a Financials stock trading at $27.93 (as of 2026-06-18), with a market capitalization of $1.12B and a trailing P/E of 13.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Heritage Financial Corporation is a bank holding company for Heritage Bank, providing financial services in the United States to individuals and small and medium-sized businesses. It accepts multiple deposit products and originates a range of loans, including SBA-guaranteed loans, and also offers trust services.

Valuation — source: SEC EDGAR (first-party)

Price	$27.93
Market Cap	$1.12B
P/E Ratio	13.7
EV / EBITDA	9.7
Price / Book	1.03
Price / Sales	3.51
Dividend Yield	2.8%
DCF Value (model)	$43.37
DCF Upside vs Price	55.3%

Profitability & Growth — source: SEC EDGAR

Revenue (TTM)	$314.24M
Net Margin	21.5%
Return on Equity	6.5%
Revenue Growth (YoY)	17.2%
EPS Growth (YoY)	19.5%
FCF Growth (YoY)	-29.9%

Valuation vs Sector & Industry

Stock P/E	13.7
Sector P/E (Financials)	14.2
Industry P/E (Banking)	12.4
vs Sector	-3.8%
vs Industry	10.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures

Top Institutional Holder	BlackRock, Inc. ($144.61M)
Institutional Holders Tracked	10

Company

Sector	Financials
Industry	Banking
CEO	Bryan D. McDonald
Employees	757
Country	US
IPO Date	1998-05-07

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

• Capitol Federal Financial, Inc. (CFFN)
• Mercantile Bank Corporation (MBWM)
• Equity Bancshares, Inc. (EQBK)
• Central Pacific Financial Corp. (CPF)
• HBT Financial, Inc. (HBT)
• Amerant Bancorp Inc. (AMTB)
• Hanmi Financial Corporation (HAFC)
• Business First Bancshares, Inc. (BFST)

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.