Shares Outstanding Shares Outstanding n/a Close	34.11M
Shares Change (YoY) Shares Change (YoY) n/a Close	-2.02%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	-0.48%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	80.77%
Shares Floating Shares Floating n/a Close	33.54M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	62
FTD / Avg. Volume FTD / Avg. Volume n/a Close	0.03%

Short Selling Information

The latest short interest is 926.96K, so 2.72% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	926.96K
Short % of Shares Out Short % of Shares Out n/a Close	2.72%
Short % of Float Short % of Float n/a Close	3.26%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	4.6

Valuation Ratios

The PE ratio is 19.52 and the forward PE ratio is 10.43. Heritage Financial's PEG ratio is -0.69.

PE Ratio PE Ratio n/a Close	19.52
Forward PE Forward PE n/a Close	10.43
PS Ratio PS Ratio n/a Close	2.66
Forward PS Forward PS n/a Close	2.9
PB Ratio PB Ratio n/a Close	0.98
P/FCF Ratio P/FCF Ratio n/a Close	13.84
PEG Ratio PEG Ratio n/a Close	-0.69

Financial Ratio History

Enterprise Valuation

Heritage Financial has an Enterprise Value (EV) of 1.13B.

EV / Sales EV / Sales n/a Close	3.57
EV / EBITDA EV / EBITDA n/a Close	20.41
EV / EBIT EV / EBIT n/a Close	17.56
EV / FCF EV / FCF n/a Close	18.56

Financial Position

The company has a current ratio of 0.16, with a Debt / Equity ratio of 0.47.

Current Ratio Current Ratio n/a Close	0.16
Quick Ratio Quick Ratio n/a Close	0.16
Debt / Equity Debt / Equity n/a Close	0.47
Debt / EBITDA Debt / EBITDA n/a Close	7.3
Debt / FCF Debt / FCF n/a Close	6.64
Interest Coverage Interest Coverage n/a Close	0.52

Financial Efficiency

Return on Equity is 5.01% and Return on Invested Capital is 3.04%.

Return on Equity Return on Equity n/a Close	5.01%
Return on Assets Return on Assets n/a Close	0.61%
Return on Invested Capital Return on Invested Capital n/a Close	3.04%
Revenue Per Employee Revenue Per Employee n/a Close	$419,002.64
Profits Per Employee Profits Per Employee n/a Close	$57,143.99
Employee Count Employee Count n/a Close	757
Asset Turnover Asset Turnover n/a Close	0.04
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	9M
Effective Tax Rate Effective Tax Rate n/a Close	17.22%

Stock Price Statistics

The stock price has increased by 35.88% in the last 52 weeks. The beta is 0.54, so Heritage Financial's price volatility has been higher than the market average.

Beta Beta n/a Close	0.54
52-Week Price Change 52-Week Price Change n/a Close	35.88%
50-Day Moving Average 50-Day Moving Average n/a Close	23.12
200-Day Moving Average 200-Day Moving Average n/a Close	23.72
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	51.85
Average Volume (20 Days) Average Volume (20 Days) n/a Close	207,811

Income Statement

In the last 12 months, Heritage Financial had revenue of 317.19M and earned 43.26M in profits. Earnings per share was 1.26.

Revenue Revenue n/a Close	317.19M
Gross Profit Gross Profit n/a Close	210.56M
Operating Income Operating Income n/a Close	52.26M
Net Income Net Income n/a Close	43.26M
EBITDA EBITDA n/a Close	55.49M
EBIT EBIT n/a Close	52.26M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	1.26

Full Income Statement

Balance Sheet

The company has 117.1M in cash and 405.06M in debt, giving a net cash position of -287.96M.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	117.1M
Total Debt Total Debt n/a Close	405.06M
Net Cash Net Cash n/a Close	-287.96M
Retained Earnings Retained Earnings n/a Close	387.1M
Total Assets Total Assets n/a Close	7.13B
Working Capital Working Capital n/a Close	-4.93B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 64.48M and capital expenditures -3.46M, giving a free cash flow of 61.02M.

Operating Cash Flow Operating Cash Flow n/a Close	64.48M
Capital Expenditures Capital Expenditures n/a Close	-3.46M
Free Cash Flow Free Cash Flow n/a Close	61.02M
FCF Per Share FCF Per Share n/a Close	1.77

Full Cash Flow Statement

Margins

Gross margin is 66.38%, with operating and profit margins of 16.48% and 13.64%.

Gross Margin Gross Margin n/a Close	66.38%
Operating Margin Operating Margin n/a Close	16.48%
Pretax Margin Pretax Margin n/a Close	16.48%
Profit Margin Profit Margin n/a Close	13.64%
EBITDA Margin EBITDA Margin n/a Close	17.49%
EBIT Margin EBIT Margin n/a Close	16.48%
FCF Margin FCF Margin n/a Close	19.24%

Dividends & Yields

HFWA pays an annual dividend of $1.17, which amounts to a dividend yield of 4.09%.

Dividend Per Share Dividend Per Share n/a Close	$1.17
Dividend Yield Dividend Yield n/a Close	4.09%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	4.35%
Payout Ratio Payout Ratio n/a Close	79.05%
Earnings Yield Earnings Yield n/a Close	5.12%
FCF Yield FCF Yield n/a Close	7.23%

Dividend Details

Analyst Forecast

The average price target for HFWA is $26, which is 11.4% higher than the current price. The consensus rating is "Hold".

Price Target Price Target n/a Close	$26
Price Target Difference Price Target Difference n/a Close	11.4%
Analyst Consensus Analyst Consensus n/a Close	Hold
Analyst Count Analyst Count n/a Close	3

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	$6.3
Lynch Upside Lynch Upside n/a Close	-73%
Graham Number Graham Number n/a Close	26.6
Graham Upside Graham Upside n/a Close	14.02%

Stock Splits

The last stock split was on Sep 28, 2005. It was a forward split with a ratio of 21:20.

Last Split Date Last Split Date n/a Close	Sep 28, 2005
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	21:20

Scores

Altman Z-Score Altman Z-Score n/a Close	-0.61
Piotroski F-Score Piotroski F-Score n/a Close	8