Obermatt

Heritage Financial

NSQ:HFWA · US42722X1063
BanksSmall

360

68
Profit price39
Cash yield91
Price/Sales35
EV / Gross Profit66
Price/Book75
Returns on capital27
Profit margins
Cash Conversion65
Accruals80
Owner Earnings Margin30
Sales growth93
Profit Growth56
Owner Earnings Growth86
Reinvestment90
Price momentum39
Debt load70
Debt serviceability46
Liquidity66
Analyst ratings26
Opinion Changes50
Price Target Upside60
Market mood49
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Heritage Financial clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryUSA
IndustryBanks
SizeSmall
TypePublic Company
ExchangeNASDAQGS
Founded1997
Employees9
Websitehf-wa.com
ISINUS42722X1063
Last UpdateApr 2, 2026
Themes
BankingFinanceFinancial Services

Description

Heritage Financial Corporation operates as the bank holding company for Heritage Bank, which primarily engages in the business of planning, directing, and coordinating its business activities. Heritage Bank is headquartered in Olympia, Washington, a…

Analysis

Middle-of-the-road

Heritage Financial Corporation is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is fair. You pay 18.0× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone.

The trajectory is solid and accelerating and the balance sheet is adequate. The company scores 13/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
96
2023202420252026

All-time high

96

Jun 2026

All-time low

13

Jan 2023

Average rank

64

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
35
47
53
50
Price/Earnings
30
34
36
11
Price/Book
75
68
77
64
Dividend Yield
91
78
78
49
Value (overall)
67
57
63
37

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →