Heritage Financial Corp (NASDAQ: HFWA) has reported earnings for its first fiscal quarter (ending March 31) of $0.17 versus $0.58 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.35 versus $2.35 for the same period a year ago.
Recent Price Action
Heritage Financial Corp (NASDAQ: HFWA) stock declined by -2.8% on 4/25/24. The shares closed at $18.09. However, trading volume in this decline was normal at 83% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HFWA is expected to continue to be a modest Value Builder.
Heritage Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Heritage Financial has a slightly positive Power Rating of 64 and a good Appreciation Score of 80, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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