Stocktoria
HERITAGE FINANCIAL CORP /WA/ HFWA
HERITAGE FINANCIAL CORP /WA/ (HFWA) earns a Piotroski F-score of 5/9 (mixed financial health). It pays a dividend yielding 2.68% (safety: moderate).
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| HFWA | HERITAGE FINANCIAL CORP /WA/ | 5/9 | — | 18 | — |
| BBT | Beacon Financial Corp | 5/9 | — | 29.2 | -92.5% |
| PBFS | Pioneer Bancorp, Inc./MD | 4/9 | — | 20.8 | +5.8% |
| RBKB | Rhinebeck Bancorp, Inc. | 4/9 | — | 19.3 | — |
| ECBK | ECB Bancorp, Inc. /MD/ | 5/9 | — | 22.1 | — |
| MUFG | MITSUBISHI UFJ FINANCIAL GROUP INC | 4/9 | — | — | +9.5% |
| MFG | MIZUHO FINANCIAL GROUP INC | 4/9 | — | — | +7.6% |
All Finance, Insurance & Real Estate companies →
About HERITAGE FINANCIAL CORP /WA/
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. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
FAQ
Is HFWA financially healthy?
HERITAGE FINANCIAL CORP /WA/'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak).
Does HFWA pay a dividend, and is it safe?
Yes. HERITAGE FINANCIAL CORP /WA/ pays a dividend yielding about 2.68% with a 48.3% payout ratio, rated “moderate” for safety.
How profitable is HFWA?
In FY2025, HERITAGE FINANCIAL CORP /WA/ had a return on equity of 7.3%.
Is HFWA overvalued or undervalued?
HERITAGE FINANCIAL CORP /WA/ trades at about 15.2× trailing earnings — below its 10-year norm (10-year range 8.9×–22.2×, median 18.3×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for HFWA?
The average Wall-Street price target for HERITAGE FINANCIAL CORP /WA/ is $31.20, about 4.7% above the recent price, from 5 analysts (consensus: buy).
Is HFWA a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on HERITAGE FINANCIAL CORP /WA/: a Piotroski F-score of 5/9, a P/E of about 18.0×, a dividend yield of 2.68%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.