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About the company
Heritage Financial Corporation is a bank holding company. The Company is primarily engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary, Heritage Bank (the Bank). Its business consists primarily commercial lending and deposit relationships with small and medium-sized businesses and their owners in its market areas and attracting deposits from the general public. It also makes real estate construction and land development loans, consumer loans and residential real estate loans for sale or investment purposes on residential properties located primarily in its market. It offers a full range of products and services to customers for personal and business banking needs designed to attract both short-term and long-term deposits. It also offers investment advice through a wealth management department that provides objective advice from trusted advisers. The Bank conducts business from its approximately 50 branch offices.
- Revenue in USD (TTM)292.15m
- Net income in USD47.05m
- Incorporated1997
- Employees764.00
- LocationHeritage Financial Corp201 Fifth Avenue S.W.,P O Box 1578OLYMPIA 98501United StatesUSA
- Phone+1 (360) 943-1500
- Websitehttps://www.hf-wa.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Central Pacific Financial Corp. | 290.25m | 55.43m | 561.48m | 696.00 | 10.14 | 1.11 | 11.62 | 2.22 | 2.05 | 2.05 | 9.34 | 18.76 | -- | -- | -- | -- | 0.7424 | 0.9013 | -- | -- | -- | -- | 21.92 | 24.79 | -- | -- | -- | 43.89 | 21.49 | 7.35 | -20.64 | 0.249 | 31.44 | 4.87 |
| Mercantile Bank Corp | 287.60m | 82.80m | 588.31m | 631.00 | 7.07 | 1.10 | 8.44 | 2.57 | 5.16 | 5.16 | 14.25 | 33.29 | -- | -- | -- | -- | 1.60 | 1.31 | -- | -- | -- | -- | 36.23 | 32.33 | -- | -- | -- | 31.26 | 49.23 | 13.83 | 34.64 | 14.36 | 1.14 | 7.58 |
| HBT Financial Inc | 229.00m | 65.81m | 596.22m | 844.00 | 9.13 | 1.22 | 8.32 | 2.63 | 2.06 | 2.06 | 7.15 | 15.44 | -- | -- | -- | -- | 1.41 | 1.43 | -- | -- | -- | -- | 28.99 | 31.95 | -- | -- | -- | 105.91 | 49.62 | 10.75 | 16.70 | 0.6214 | 13.61 | -- |
| Metrocity Bankshares Inc | 199.22m | 50.51m | 601.15m | 220.00 | 12.06 | 1.52 | 15.88 | 5.01 | 1.98 | 1.98 | 4.70 | 15.73 | -- | -- | -- | -- | 1.43 | 2.05 | -- | -- | -- | -- | 42.06 | 43.51 | -- | -- | -- | 25.74 | 30.98 | 21.48 | -17.55 | 4.54 | 11.55 | 13.63 |
| Eagle Bancorp Inc | 660.68m | 75.96m | 602.51m | 452.00 | 7.92 | 0.4784 | 7.64 | 1.93 | 2.52 | 2.52 | 10.35 | 41.72 | -- | -- | -- | -- | 0.6692 | 1.30 | -- | -- | -- | -- | 24.37 | 39.61 | -- | -- | -- | 29.63 | 47.27 | 9.72 | -28.66 | -7.97 | -45.69 | -- |
| Hills Bancorporation | 170.92m | 38.18m | 603.18m | 474.00 | 15.94 | 1.17 | 14.90 | 4.23 | 4.16 | 4.16 | 15.53 | 56.39 | -- | -- | -- | -- | 0.9175 | 1.16 | -- | -- | -- | -- | 26.79 | 32.28 | -- | -- | -- | 20.07 | 30.39 | 7.55 | -20.06 | 0.755 | 6.53 | -- |
| Univest Financial Corp | 387.09m | 70.38m | 606.81m | 979.00 | 8.62 | 0.7146 | 11.08 | 2.06 | 2.38 | 2.38 | 9.99 | 28.76 | -- | -- | -- | -- | 0.9318 | 1.12 | -- | -- | -- | -- | 23.87 | 26.79 | -- | -- | -- | 31.39 | 47.40 | 14.31 | -8.98 | 7.33 | 16.61 | 0.9806 |
| First National Bank Alaska | 154.48m | 60.01m | 614.38m | 662.00 | 10.24 | 1.32 | -- | 3.41 | 18.95 | 18.95 | 56.91 | 146.77 | -- | -- | -- | -- | 1.08 | 1.20 | -- | -- | -- | -- | 33.30 | 33.94 | -- | -- | -- | 85.67 | 34.06 | 8.44 | 3.05 | 2.09 | -8.55 | 2.34 |
| Crossfirst Bankshares Inc | 456.85m | 68.22m | 617.01m | 453.00 | 9.08 | 0.863 | 10.77 | 2.52 | 1.38 | 1.38 | 4.95 | 14.47 | -- | -- | -- | -- | 0.957 | 0.8361 | -- | -- | -- | -- | 28.07 | 24.84 | -- | -- | -- | 0.00 | 75.10 | 22.64 | 7.56 | 30.52 | -26.88 | -- |
| First Community Bankshares Inc | 143.01m | 49.08m | 618.58m | 616.00 | 12.42 | 1.22 | 15.17 | 3.68 | 2.70 | 2.70 | 9.04 | 27.53 | -- | -- | -- | -- | 1.56 | 1.48 | -- | -- | -- | -- | 29.21 | 31.23 | -- | -- | -- | 41.07 | 19.98 | 6.89 | 2.91 | 6.73 | 1.66 | 8.26 |
| Great Southern Bancorp, Inc. | 302.76m | 60.75m | 619.01m | 1.13k | 10.46 | 1.10 | 11.42 | 2.89 | 5.06 | 5.06 | 17.81 | 48.31 | -- | -- | -- | -- | 1.05 | 1.31 | -- | -- | -- | -- | 28.41 | 32.03 | -- | -- | -- | 34.14 | 30.78 | 7.58 | -10.73 | 0.2051 | -4.76 | 7.39 |
| NB Bancorp Inc | 222.65m | 9.83m | 623.08m | 330.00 | 54.09 | 0.822 | 49.83 | 2.80 | 0.2697 | 0.2697 | 5.30 | 17.75 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.41 | -- | -- | 1.18 | 0.8289 | -- | 82.84 | -- | -67.32 | -- | -- | -- |
| Heritage Financial Corp | 292.15m | 47.05m | 626.91m | 764.00 | 13.51 | 0.7404 | -- | 2.79 | 1.34 | 1.34 | 6.38 | 24.43 | -- | -- | -- | -- | 0.6567 | 1.08 | -- | -- | -- | -- | 20.97 | 29.56 | -- | -- | -- | 42.00 | 25.06 | 7.36 | -24.57 | 3.17 | -14.91 | 7.26 |
| Old Second Bancorp Inc | 291.97m | 91.73m | 633.67m | 834.00 | 6.99 | 1.09 | 6.42 | 2.21 | 2.02 | 2.02 | 6.30 | 12.92 | -- | -- | -- | -- | 1.58 | 1.12 | -- | -- | -- | -- | 32.06 | 26.41 | -- | -- | -- | 10.06 | 34.88 | 22.09 | 36.09 | 21.95 | 45.54 | -- |
| Tompkins Financial Corp | 297.36m | 9.46m | 660.47m | 942.00 | 73.15 | 0.9814 | 30.92 | 3.01 | 0.6268 | 0.6268 | 15.34 | 46.72 | -- | -- | -- | -- | 0.1243 | 0.9259 | -- | -- | -- | -- | 4.38 | 24.28 | -- | -- | -- | 47.83 | 18.32 | 3.40 | -88.84 | -34.91 | -17.86 | 4.35 |
Data as of Apr 26 2024. Currency figures normalised to Heritage Financial Corp's reporting currency: US Dollar USD
47.10%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Dec 2023 | 4.73m | 13.54% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 2.61m | 7.48% |
| AllianceBernstein LPas of 31 Dec 2023 | 1.99m | 5.71% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 1.73m | 4.97% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 1.62m | 4.63% |
| Charles Schwab Investment Management, Inc.as of 31 Dec 2023 | 1.01m | 2.89% |
| Goldman Sachs Asset Management LPas of 31 Dec 2023 | 865.95k | 2.48% |
| Geode Capital Management LLCas of 31 Dec 2023 | 773.79k | 2.22% |
| Newton Investment Management North America LLCas of 31 Dec 2023 | 587.10k | 1.68% |
| Columbia Management Investment Advisers LLCas of 31 Dec 2023 | 526.43k | 1.51% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
