Heritage Financial Corporation Declares $0.24 Quarterly Cash Dividend Ahead of Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: PRnewswire
- Quarterly Cash Dividend: Heritage Financial Corporation announced a cash dividend of $0.24 per share, to be paid on February 11, 2026, ahead of the normal quarterly dividend, reflecting the company's confidence in the upcoming merger.
- Shareholder Record Date: The record date for shareholders to qualify for this dividend is January 28, 2026, ensuring that investors can receive their dividends promptly before the merger, thereby boosting shareholder confidence.
- Direct Deposit Service: Registered shareholders can enroll for direct deposit of dividends by logging into the transfer agent's 'Investor Centre', streamlining the dividend collection process and enhancing shareholder convenience and satisfaction.
- Company Background: Heritage Financial Corporation is a bank holding company based in Olympia, with its sole wholly-owned subsidiary, Heritage Bank, operating 51 branches in Washington and Oregon, demonstrating its strong market presence in these regions.
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Analyst Views on HFWA
Wall Street analysts forecast HFWA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HFWA is 31.00 USD with a low forecast of 31.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 25.200
Low
31.00
Averages
31.00
High
31.00
Current: 25.200
Low
31.00
Averages
31.00
High
31.00
About HFWA
Heritage Financial Corporation is a bank holding company. The Company is primarily engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary, Heritage Bank (the Bank). Its business consists primarily of commercial lending and deposit relationships with small and medium-sized businesses and their owners in its market areas and attracting deposits from the general public. It also makes real estate construction and land development loans, and consumer loans. It offers a full range of products and services to customers for personal and business banking needs designed to attract both short-term and long-term deposits. Its personal and business banking customers have the option of selecting from a variety of account types. It also offers investment advice through a wealth management department that provides objective advice from trusted advisers. The Bank conducts business from its approximately 50 branch offices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
West Pharmaceutical and Others Set for Ex-Dividend Trading
- West Pharmaceutical Ex-Dividend: West Pharmaceutical Services, Inc. (WST) will trade ex-dividend on January 28, 2026, with a quarterly dividend of $0.22, leading to an expected price drop of approximately 0.09%, indicating a stable dividend payment history.
- Heritage Financial Dividend Update: Heritage Financial Corp (HFWA) is set to pay a quarterly dividend of $0.24 on February 11, 2026, with an anticipated price drop of about 0.90%, reflecting a relatively high annual yield of 3.61%.
- Entegris Dividend Details: Entegris Inc (ENTG) will pay a quarterly dividend of $0.10 on February 18, 2026, with an expected price decline of around 0.09%, showing a stable annual yield of 0.35%.
- Market Performance Overview: On Monday, shares of West Pharmaceutical, Heritage Financial, and Entegris fell by approximately 4.5%, 5.5%, and 3.2%, respectively, indicating market reactions to the upcoming ex-dividend dates.
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Heritage Financial Corporation (HFWA) Reports Q4 2025 Net Interest Margin Increase to 3.72%
- Profitability Improvement: Heritage Financial Corporation reported an 18% increase in adjusted diluted earnings per share for Q4 2025 compared to the previous quarter and a 29% increase year-over-year, reflecting successful adjustments in loan mix and net interest margin, thereby enhancing future growth potential.
- Loan and Deposit Growth: Total loan balances increased by $14 million in Q4, while total deposits rose by $63 million, primarily driven by a $100 million increase in interest-bearing demand deposits, indicating stronger customer attraction in a competitive market.
- Merger Progress: The company has secured regulatory and shareholder approval for its merger with Olympic Bancorp, expected to close by the end of January, which will further enhance profitability and strengthen its competitive position in the Puget Sound market.
- Robust Risk Management: Nonaccrual loans totaled $21 million at year-end, representing 0.44% of total loans; despite some downgrades, overall credit quality remains stable, with management expressing confidence in future credit management and risk control.
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