HFWA
BULLISH
$27.3
Live
Heritage Financial Corporation · NASDAQ
Target $30.8
(+12.8%)
$20.56
52W Range
$28.98
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 11, 2026
Market cap
$1.12B
P/E
13.93
ROE
7.6%
Profit margin
27.7%
Debt/Equity
N/A
Dividend yield
3.52%
AI Analysis
AI-powered fundamental assessment
Confidence
75%
HFWA presents a compelling value opportunity, trading significantly below both its Graham Number ($34.59) and Intrinsic Value ($57.82). While the Piotroski F-Score of 4/9 indicates only stable financial health, the company is exhibiting explosive earnings growth (90.80% YoY) and a very attractive forward P/E of 9.35. Despite bearish insider sentiment and weak technical trends, the fundamental disconnect between the current price ($27.30) and the growth-adjusted value suggests a strong upside. The dividend remains sustainable with a payout ratio under 50%.
Key Strengths
Significant undervaluation relative to Graham Number and Intrinsic Value
Exceptional YoY earnings growth of 90.80%
Low forward P/E ratio (9.35) relative to growth rates
Strong quarterly earnings track record with 3 of last 4 quarters beating estimates
Sustainable dividend yield of 3.52% with a healthy 48.98% payout ratio
Key Risks
Bearish insider activity with consistent selling and zero buying
Severely bearish technical trend (10/100)
Modest ROE (7.57%) compared to high-performing regional peers
Piotroski F-Score of 4/9 suggests only average financial health
Exposure to regional banking sector volatility
AI Fair Value Estimate
Based on comprehensive analysis
$41.2
+50.9% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
75
Strong
92
88
70
50
75
AI Verdict
Strong Value Play
Key drivers: Deep discount to intrinsic value, Accelerating earnings growth, Low valuation multiples
Confidence
80%
Value
92/100
Ref P/E 13.93, Forward P/E 9.35, Graham Number $34.59
Positives
- Price is 21% below Graham Number
- Price is 53% below Intrinsic Value
- P/B ratio of 1.01 indicates fair book value
Watchpoints
- Market has not yet recognized the growth potential
Future
88/100
Ref Growth rates
Positives
- Revenue growth of 20.20% YoY
- Earnings growth of 90.80% YoY
- Positive Q/Q earnings momentum (+17.9%)
Watchpoints
- Sustainability of 90% growth is questionable
Past
70/100
Ref Historical trends
Positives
- Consistent history of earnings beats
- Strong 1Y price performance (+35.4%)
Watchpoints
- Significant earnings miss in April 2024 (-60.8%)
Health
50/100
Ref Piotroski F-Score 4/9
Positives
- Stable Piotroski score
Watchpoints
- Piotroski F-Score of 4/9 is mediocre
- Altman Z-Score not provided (typical for banks)
Dividend
75/100
Ref Yield 3.52%, Payout 48.98%
Positives
- Yield of 3.52% is attractive
- Payout ratio (48.98%) allows for future increases
Watchpoints
- No 5-year average yield provided for trend analysis
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$27.3
Analyst Target
$30.8
Upside/Downside
+12.8%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for HFWA and closest competitors.
Updated 2026-04-10
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
HFWA
Heritage Financial Corporation
Primary
|
+16.1% | +53.8% | +35.4% | +22.3% | +8.2% | +4.6% |
|
BITF
Bitfarms Ltd.
Peer
|
-63.7% | +89.7% | +133.5% | -34.8% | -16.4% | -20.4% |
|
AMAL
Amalgamated Financial Corp.
Peer
|
+138.8% | +109.7% | +36.9% | +34.9% | -5.9% | +0.8% |
|
ASST
Strive Asset Management, LLC
Peer
|
-95.1% | -95.1% | -17.8% | -78.9% | +1.0% | -8.1% |
|
FMBH
First Mid Bancshares, Inc.
Peer
|
+14.0% | +77.1% | +37.0% | +22.6% | +9.3% | +5.5% |
HFW
Heritage Financial Corporation
Primary
5Y
+16.1%
3Y
+53.8%
1Y
+35.4%
6M
+22.3%
1M
+8.2%
1W
+4.6%
BIT
Bitfarms Ltd.
Peer
5Y
-63.7%
3Y
+89.7%
1Y
+133.5%
6M
-34.8%
1M
-16.4%
1W
-20.4%
AMA
Amalgamated Financial Corp.
Peer
5Y
+138.8%
3Y
+109.7%
1Y
+36.9%
6M
+34.9%
1M
-5.9%
1W
+0.8%
ASS
Strive Asset Management, LLC
Peer
5Y
-95.1%
3Y
-95.1%
1Y
-17.8%
6M
-78.9%
1M
+1.0%
1W
-8.1%
FMB
First Mid Bancshares, Inc.
Peer
5Y
+14.0%
3Y
+77.1%
1Y
+37.0%
6M
+22.6%
1M
+9.3%
1W
+5.5%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
13.93
Forward P/E
9.35
PEG Ratio
N/A
P/B Ratio
1.01
P/S Ratio
4.6
EV/Revenue
3.91
EV/EBITDA
N/A
Market Cap
$1.12B
Profitability
Profit margins and return metrics
Profit Margin
27.66%
Operating Margin
39.83%
Gross Margin
N/A
ROE
7.57%
ROA
0.96%
Growth
Revenue and earnings growth rates
Revenue Growth
+20.2%
Earnings Growth
+90.8%
Q/Q Revenue Growth
+16.29%
Q/Q Earnings Growth
+86.4%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$6.02
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.1B
Net Margin
33.5%
Total Assets
$7.0B
Liabilities
$6.0B
Equity
$0.9B
Debt/Equity
6.56x
Operating CF
$0.0B
CapEx
$-0.0B
Free Cash Flow
$0.0B
FCF Yield
80%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-23
$N/A
2026-01-22
$0.66
+18.3% surprise
2025-10-23
$0.56
+1.5% surprise
2025-07-24
$0.53
+6.7% surprise
Financial Services Sector Comparison
Comparing HFWA against 341 companies in the Financial Services sector
(60 bullish, 147 neutral, 134 bearish)
P/E Ratio
13.93
This Stock
vs
54.09
Sector Avg
-74.2%
(Discount)
Return on Equity (ROE)
7.57%
This Stock
vs
-0.66%
Sector Avg
-1244.0%
(Below Avg)
Profit Margin
27.66%
This Stock
vs
63.27%
Sector Avg
-56.3%
(Weaker)
Revenue Growth
20.2%
This Stock
vs
44.9%
Sector Avg
-55.0%
(Slower)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
HFWA
Heritage Financial Corporation
|
BULLISH | $1.12B | 13.93 | 7.6% | 27.7% | $27.3 | |
|
BITF
Bitfarms Ltd.
|
NEUTRAL | $1.11B | - | -12.5% | -46.4% | $1.84 | Compare |
|
AMAL
Amalgamated Financial Corp.
|
NEUTRAL | $1.14B | 11.17 | 13.9% | 33.4% | $38.1 | Compare |
|
ASST
Strive Asset Management, LLC
|
BEARISH | $1.09B | - | -% | -% | $0.87 | Compare |
|
FMBH
First Mid Bancshares, Inc.
|
BULLISH | $1.17B | 11.29 | 10.2% | 27.0% | $43.93 | Compare |
HFWA
Heritage...
BULLISH
Mkt Cap
$1.1B
P/E
13.9
ROE
7.6%
Price
$27.3
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-16 | CHALFANT TONY | Officer | Stock Award | 3,128 | - |
| 2026-03-16 | RAY MATTHEW T | Officer | Option Exercise | 4,516 | $112,403 |
| 2026-03-16 | CURRAN AMY E. | Officer | Stock Award | 5,040 | - |
| 2026-03-16 | WILSON KELLI ANN | Officer | Option Exercise | 3,818 | $95,030 |
| 2026-03-16 | HINSON DONALD J | Chief Financial Officer | Stock Award | 3,685 | - |
| 2026-03-16 | MCDONALD BRYAN D | President | Stock Award | 4,991 | - |
| 2026-03-16 | ROBISON SABRINA C | Officer | Stock Award | 4,038 | - |
| 2026-03-16 | HENNING THOMAS J | Officer | Option Exercise | 5,116 | $127,337 |
| 2026-03-16 | GLASBY WILLIAM | Chief Technology Officer | Option Exercise | 5,291 | $131,693 |
| 2026-02-11 | CHALFANT TONY | Officer | Sale | 4,668 | $129,065 |
| 2026-02-03 | RIVERA FREDERICK B. | Director | Sale | 1,800 | $47,350 |
| 2026-01-26 | WILSON KELLI ANN | Officer | Sale | 1,900 | $50,307 |
| 2025-12-15 | RAY MATTHEW T | Officer | Option Exercise | 832 | $21,158 |
| 2025-12-15 | BLEY NICHOLAS | Chief Operating Officer | Option Exercise | 4,857 | $123,514 |
| 2025-12-15 | ROBISON SABRINA C | Officer | Option Exercise | 247 | $6,281 |
CHALFANT TONY
Officer
2026-03-16
3,128 shares
RAY MATTHEW T
Officer
2026-03-16
4,516 shares
·
$112,403
CURRAN AMY E.
Officer
2026-03-16
5,040 shares
WILSON KELLI ANN
Officer
2026-03-16
3,818 shares
·
$95,030
HINSON DONALD J
Chief Financial Officer
2026-03-16
3,685 shares
MCDONALD BRYAN D
President
2026-03-16
4,991 shares
ROBISON SABRINA C
Officer
2026-03-16
4,038 shares
HENNING THOMAS J
Officer
2026-03-16
5,116 shares
·
$127,337
GLASBY WILLIAM
Chief Technology Officer
2026-03-16
5,291 shares
·
$131,693
CHALFANT TONY
Officer
2026-02-11
4,668 shares
·
$129,065
RIVERA FREDERICK B.
Director
2026-02-03
1,800 shares
·
$47,350
WILSON KELLI ANN
Officer
2026-01-26
1,900 shares
·
$50,307
RAY MATTHEW T
Officer
2025-12-15
832 shares
·
$21,158
BLEY NICHOLAS
Chief Operating Officer
2025-12-15
4,857 shares
·
$123,514
ROBISON SABRINA C
Officer
2025-12-15
247 shares
·
$6,281
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
5 analysts
Piper Sandler
2026-04-02
Overweight
Overweight
Piper Sandler
2026-02-05
Overweight
Overweight
Stephens & Co.
2026-01-26
Equal-Weight
Equal-Weight
DA Davidson
2026-01-23
Buy
Buy
Past News Coverage
Recent headlines mentioning HFWA from our newsroom.
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