Heritage Financial Corporation (NASDAQ:HFWA) is reporting third quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, HFWA is expected to report 3Q20 income of $ 0.38 per share from revenue of $ 61.12 million.
For the full year, analysts anticipate top line of $ 242.66 million, while looking forward to income of $ 1.05 per share bottom line.
Previous Quarter Performance
Heritage Financial Corporation communicated loss for the second quarter of $ 0.17 per share, from the revenue of $ 58.56 million. The quarterly revenues boosted 0.79 percent compared with the same quarter last year. The consensus estimates are income of $ 0.17 per share from $ 57.89 million in revenue. The bottom line results missed street analysts by $ 0.34 or 200 percent, at the same time, top line results outshined analysts by $ 0.67 million or 1.16 percent.
Stock Performance
Shares of Heritage Financial Corporation traded up $ 0.27 or 1.30 percent on Wednesday, reaching $ 21.05 with volume of 25.00 thousand shares. The stock opened positive for the day at $ 20.84, after closing the previous day trading at $ 20.78.
According to the previous trading day, closing price of $ 20.78, representing a 41.84 % increase from the 52 week low of $ 14.65 and a 28.96 % decrease over the 52 week high of $ 29.25.
The company has a market capital of $ 755.88 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.20 per share on July 20, 2020. The dividend were payable on August 19, 2020 to holders of record as of the close of business on August 5, 2020 and ex-dividend date on August 4, 2020.
Conference Call
Heritage Financial Corporation will be hosting a conference call at 2:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hf-wa.com
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial loans focuses on real estate related industries and businesses in agricultural, healthcare, legal, and other professions.
