Heritage Financial Corporation, trading on NASDAQ under the symbol HFWA, is a regional bank based in Olympia, Washington. The company provides a range of financial services, including personal and business banking, mortgage lending, and wealth management. Heritage Financial competes with other regional banks, striving to maintain a strong market position through consistent performance and strategic growth initiatives.
Analysts have maintained a stable consensus price target for HFWA over the past year. Last month and last quarter, the average price target was $29, while a year ago, it was slightly lower at $27.5. This stability reflects analysts' steady confidence in the company's performance and potential growth. Despite this, analyst Gordon McGuire from Stephens has set a lower price target of $26, suggesting a more cautious outlook.
Heritage Financial is set to release its third-quarter earnings on October 23, 2025. The company has shown signs of potential recovery, with a hammer chart pattern indicating support for the stock. This technical indicator, along with upward trends in earnings estimate revisions, suggests a possible trend reversal. Investors are keenly watching for any updates that could influence future price targets.
In its recent Q2 2025 earnings report, Heritage Financial achieved earnings of $0.53 per share, surpassing the Zacks Consensus Estimate of $0.50. This marks an improvement from the $0.45 per share reported in the same quarter last year. The company's strong track record of exceeding earnings expectations positions it well for potential continued success in upcoming reports.
As Heritage Financial prepares to announce its third-quarter earnings, investors are advised to monitor key expectations surrounding the report. The company is anticipated to report earnings growth, with the right combination of factors potentially leading to another earnings beat. Analyst Gordon McGuire's price target of $26 reflects a cautious yet optimistic view of HFWA's future performance.
