Heritage Financial Corporation (NASDAQ:HFWA) is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.17 per share.
For the full year, analysts predict revenues of $ 245.69 million, while looking forward to income of $ 1.36 per share.
Previous Quarter Performance
Heritage Financial Corporation posted income for the first quarter of $ 0.33 per share, from the revenue of $ 58.04 million. The quarterly earnings contracted 26.67 percent while revenues reduced 2.24 percent compared with the same quarter last year.
Street analysts expected Heritage Financial Corporation to report income of $ 0.31 per share on revenue of $ 56.03 million for the first quarter. The bottom line results beat street analysts by $ 0.02 or 6.45 percent, at the same time, top line results outshined analysts by $ 2.01 million or 3.59 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HFWA was $ 20.62, representing a 40.75 % increase from the 52 week low of $ 14.65 and a 30.57 % decrease over the 52 week high of $ 29.70.
The company has a market capital of $ 740.02 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.20 per share on April 29, 2020. The dividend were payable on May 27, 2020 to holders of record as of the close of business on May 13, 2020 and ex-dividend date on May 12, 2020.
Conference Call
Heritage Financial Corporation will be hosting a conference call at 2:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 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.
