Heritage Financial Corporation
HFWAFinancial ServicesNASDAQBanks - Regional · Last scanned Jul 18, 2026
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Daily timeframeHeadquartered within the financial services sector, Heritage Financial Corporation focuses on Banks - Regional services and products. 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. Valued at $1.26B, HFWA is a small-cap name in its sector. 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.
Market Cap
$1.26B
Beta
0.49
P/E (TTM)
15.34
P/E (Fwd)
10.91
EPS (TTM)
$1.99
EPS (Fwd)
$2.80
ROE
7.3%
ROA
0.9%
Cash
$284.8M
Total Debt
$59.0M
Free CF
—
52W Change
21.7%
Annual Financials
Cash vs Debt
With $284.8M in cash and $59.0M in debt, HFWA maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. ROE of 7.3% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.9% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $249.0M (2022) to $246.1M (2025).
With a beta below 0.7, Heritage Financial Corporation typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. With cash comfortably exceeding debt, HFWA has financial flexibility that may help navigate uncertain periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Heritage Financial Corporation and its sector.