profit from every $100 of sales.
$0$100
Heritage Financial
$28.25+0.14% today
+27.3% in 1 year
1-year low $21.471-year high $31.25
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $16.97 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Heritage Financial sold, what it kept, and what it did with the cash.
Sales went from $249 million in 2022 to $246 million in 2025, with $67.5 million of profit last year.
SalesProfit
Heritage Financial handed back 45% of the cash it generated last year.
$33M
Free cash flow 2025$86M
Bought back its own shares$6M
Paid as dividends$33M
Cash vs. debt$233M vs. $42M
Heritage Financial vs. similar companies
Heritage Financial grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Heritage Financial | 17.0× · Fair price | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Heritage Financial's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 249 | 244 | 217 | 246 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 82 | 62 | 43 | 68 | |
| 2.31 | 1.75 | 1.24 | 1.96 | |
| – | – | – | – | |
| – | – | – | – | |
| 32.9% | 25.3% | 19.9% | 27.4% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 6,980 | 7,175 | 7,106 | 6,967 |
| Cash | 104 | 225 | 117 | 233 |
| Total debt | 21 | 522 | 405 | 42 |
| Total liabilities | 6,182 | 6,322 | 6,243 | 6,046 |
| 798 | 853 | 864 | 922 | |
| 35 | 35 | 35 | 34 | |
| – | – | – | – | |
| 10.3% | 7.2% | 5.0% | 7.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 94 | 110 | 64 | 95 | |
| 4 | 10 | 3 | 9 | |
| 90 | 99 | 61 | 86 | |
| Dividends paid | 29 | 31 | 32 | 33 |
| 3 | 7 | 22 | 6 | |
| 4 | 4 | 4 | 5 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 17.0×
- 13.7×
- –
- 0.9×
- 4.7×
- 5.9%
- 3.6%
Profitability
- 27.4%
- 1.0%
- 7.0%
- 7.6%
- 0.9%
Growth
- −0.4%
- −5.3%
- +3.7%
- −1.2%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 25%of 848
Top 47%of 728
Bottom 34%of 880
Bottom 21%of 878
Top 41%of 932
What analysts expect
- Average price target
- $31.33
- Range
- $30.00 – $32.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 23, 2026 | 0.59 | 0.57 | +3.5% |
| Jan 22, 2026 | 0.66 | 0.57 | +15.8% |
| Oct 23, 2025 | 0.56 | 0.55 | +2.4% |
| Jul 24, 2025 | 0.53 | 0.50 | +6.7% |
| Apr 24, 2025 | 0.49 | 0.45 | +8.5% |
| Jan 23, 2025 | 0.51 | 0.45 | +13.3% |
| Oct 24, 2024 | 0.33 | 0.41 | −19.5% |
| Jul 25, 2024 | 0.41 | 0.40 | +2.5% |
3.6%of the share price, paid each year
On $1,000 invested$36a year at today's yield, before tax
+3.7%2020 to 2025
Raised5 yearsin a row, in our data
Paid per share, each year
$0.53 in 2015 → $0.96 in 2025
How safe it looks
48.3% of its profit
Room to growStretchedMore than it earns: 38.1%
News
Heritage Financial announces new stock repurchase programSeeking Alpha · Oct 22, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
60Pass
Benjamin Graham
84Pass
Philip Fisher
59No pass
Peter Lynch
31No pass
Joel Greenblatt
13No pass
Charlie Munger
62Pass
Terry Smith
58No pass
Questions about Heritage Financial
Is Heritage Financial a good stock to buy?
A strong, very profitable business at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Heritage Financial AI analysis
What does Heritage Financial do?
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It is in Banks - Regional.
Does Heritage Financial pay a dividend?
Yes. At today's price the dividend is 3.6% a year, about 48% of its yearly profit. In 2025 it paid out $32.6 million in dividends.
Is Heritage Financial stock halal?
No. Heritage Financial does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Heritage Financial stock done over the past year?
Up 27.3% over the past twelve months, to $28.25. It traded between $21.47 and $31.25 and is 9.6% below its high.
Who are Heritage Financial's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Heritage Financial's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.