Capital Square LLC Makes New Investment in Heritage Financial Corporation $HFWA

24 Aug 2026, 08:33 by Kim Johansen · The Markets Daily

Capital Square LLC acquired a new stake in shares of Heritage Financial Corporation (NASDAQ:HFWA – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 184,847 shares of the financial services provider’s stock, valued at approximately $1,697,000. Capital Square LLC owned approximately 0.45% of Heritage Financial as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Heritage Financial in the 2nd quarter valued at approximately $172,125,000. Jennison Associates LLC grew its stake in Heritage Financial by 3.4% in the first quarter. Jennison Associates LLC now owns 3,213,473 shares of the financial services provider’s stock worth $83,550,000 after purchasing an additional 106,308 shares during the period. Vanguard Group Inc. grew its stake in Heritage Financial by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 2,412,325 shares of the financial services provider’s stock worth $57,051,000 after purchasing an additional 45,422 shares during the period. State Street Corp grew its stake in Heritage Financial by 3.2% in the fourth quarter. State Street Corp now owns 1,573,458 shares of the financial services provider’s stock worth $37,212,000 after purchasing an additional 48,765 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Heritage Financial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 842,598 shares of the financial services provider’s stock worth $19,929,000 after purchasing an additional 4,170 shares in the last quarter. Institutional investors own 78.30% of the company’s stock.

Heritage Financial Stock Performance

Heritage Financial stock opened at $29.10 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $29.51 and its two-hundred day simple moving average is $27.81. Heritage Financial Corporation has a 12 month low of $21.32 and a 12 month high of $31.25. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 13.86 and a beta of 0.50.

Heritage Financial (NASDAQ:HFWA – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.13. The firm had revenue of $84.12 million during the quarter, compared to the consensus estimate of $86.30 million. Heritage Financial had a return on equity of 8.78% and a net margin of 20.44%. As a group, equities analysts predict that Heritage Financial Corporation will post 2.37 earnings per share for the current fiscal year.

Heritage Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. This is an increase from Heritage Financial’s previous quarterly dividend of $0.24. Heritage Financial’s dividend payout ratio (DPR) is 47.62%.

Insiders Place Their Bets

In other Heritage Financial news, CFO Donald Hinson sold 3,842 shares of Heritage Financial stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $28.37, for a total value of $108,997.54. Following the completion of the transaction, the chief financial officer directly owned 41,241 shares of the company’s stock, valued at approximately $1,170,007.17. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tony Chalfant sold 3,234 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $29.92, for a total transaction of $96,761.28. Following the completion of the transaction, the executive vice president owned 20,362 shares in the company, valued at approximately $609,231.04. This represents a 13.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,546 shares of company stock valued at $729,057. 1.49% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. DA Davidson raised their price objective on Heritage Financial from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Heritage Financial in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price target on shares of Heritage Financial from $31.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Stephens boosted their price objective on shares of Heritage Financial from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler dropped their price objective on shares of Heritage Financial from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.50.

View Our Latest Stock Analysis on Heritage Financial

About Heritage Financial

(Free Report)

Heritage Financial Corporation (NASDAQ:HFWA) is a bank holding company headquartered in Spokane, Washington. Through its primary subsidiary, Heritage Bank, the company provides a comprehensive range of banking and financial services to both individual and commercial clients. Heritage Bank’s offerings encompass deposit products, lending solutions, treasury and cash management services, mortgage banking, and wealth management, positioning the organization as a full-service community bank.

The company’s lending portfolio includes commercial real estate loans, agricultural loans, small business administration (SBA) loans, construction and development financing, and a variety of consumer mortgage products.