Sunday, March 3, 2019

Heritage Financial Corp (HFWA) Files 10-K for the Fiscal Year Ended on December 31, 2018

Heritage Financial Corp (NASDAQ:HFWA) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Heritage Financial Corp is a bank holding company. The company through its subsidiary provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracting deposits from the general public. Heritage Financial Corp has a market cap of $1.21 billion; its shares were traded at around $32.70 with a P/E ratio of 21.95 and P/S ratio of 5.38. The dividend yield of Heritage Financial Corp stocks is 2.00%.

For the last quarter Heritage Financial Corp reported a revenue of $59.7 million, compared with the revenue of $46.22 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $218.6 million, an increase of 25% from last year. For the last five years Heritage Financial Corp had an average revenue growth rate of 19% a year.

The reported diluted earnings per share was $1.49 for the year, an increase of 7.2% from previous year. Over the last five years Heritage Financial Corp had an EPS growth rate of 19% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Heritage Financial Corp has the cash and cash equivalents of $161.9 million, compared with $103.0 million in the previous year. The long term debt was $20.3 million, compared with $112.5 million in the previous year. Heritage Financial Corp has a financial strength rank of 5 (out of 10).

At the current stock price of $32.70, Heritage Financial Corp is traded at 70.7% premium to its historical median P/S valuation band of $19.16. The P/S ratio of the stock is 5.38, while the historical median P/S ratio is 3.14. The stock gained 13.18% during the past 12 months.

CFO Recent Trades:

EVPand CFO Donald Hinson sold 3,268 shares of HFWA stock on 02/06/2019 at the average price of $31.6. The price of the stock has increased by 3.48% since.

Directors and Officers Recent Trades:

Chief Credit Officer David A Spurling sold 711 shares of HFWA stock on 02/06/2019 at the average price of $31.62. The price of the stock has increased by 3.42% since.

For the complete 20-year historical financial data of HFWA, click here.

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