Heritage Financial Corp
Research Heritage Financial Corp (HFWA) on Bullrun: valuation model: 6.7% overvalued, market cap USD 1.18B, P/E 13.6, dividend yield 3.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHFWA
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal6.7% overvalued
- Market capUSD 1.18B
- P/E13.6
- Dividend yield3.4%
- Financial periodQ2 2026
- RevenueUSD 84.13M
- Net incomeUSD 17.55M
- Free cash flowUSD 21.10M
Valuation Snapshot
Bullrun's latest valuation model marks Heritage Financial Corp as 6.7% overvalued; latest market cap is USD 1.18B; P/E is 13.6; dividend yield is 3.4%.
Peer valuation comparison
Latest P/E is 13.63x versus a Financial Services sector median of 13.84x.
Latest dividend yield is 3.38% versus a Financial Services sector median of 3.86% (12.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 246.14M | USD 67.53M | USD 85.66M | n/a | 1.96 | USD 233.09M | USD 42.35M | USD 921.50M |
| FY2024 | USD 216.84M | USD 43.26M | USD 61.02M | n/a | 1.24 | USD 117.10M | USD 405.06M | USD 863.53M |
| FY2023 | USD 243.82M | USD 61.76M | USD 99.15M | n/a | 1.75 | USD 224.97M | USD 521.77M | USD 853.26M |
| FY2022 | n/a | USD 81.88M | USD 90.44M | n/a | 2.31 | USD 103.59M | USD 21.33M | USD 797.89M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.18B | 13.6 | 3.4% | 0.97 |
| 2025 | 2025-12-31 | USD 803.24M | 12.1 | 4.1% | 0.96 |
| 2024 | 2024-12-31 | USD 832.77M | 19.8 | 3.8% | 0.92 |
| 2023 | 2023-12-29 | USD 746.53M | 9.7 | 4.1% | 0.88 |
| 2022 | 2022-12-30 | USD 1.08B | 13.8 | 2.7% | 0.84 |
| 2021 | 2021-12-31 | USD 857.99M | 9.0 | 3.3% | 0.81 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.97 USD, yield 3.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.96 USD |
| FY2024 | 0.92 USD |
| FY2023 | 0.88 USD |
| FY2022 | 0.84 USD |
About Heritage Financial Corp
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
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Frequently asked questions
Is Heritage Financial Corp overvalued or undervalued?
Bullrun's valuation model currently marks Heritage Financial Corp as 6.7% overvalued.
What is Heritage Financial Corp's market cap?
Heritage Financial Corp's market capitalization is USD 1.18B.
What is Heritage Financial Corp's P/E ratio?
Heritage Financial Corp's price-to-earnings (P/E) ratio is 13.6.
Does Heritage Financial Corp pay a dividend?
Heritage Financial Corp has a dividend yield of 3.4%.
What does Heritage Financial Corp do?
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.