Heritage Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• Heritage Financial Corp HFWA.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of six analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 44 cents to 47 cents per share.

• Revenue rose 28.4% to $57.05 million from a year ago; analysts expected $60.68 million.

• Heritage Financial Corp's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $11.93 million.

• Heritage Financial Corp shares had risen by 0.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Heritage Financial Corp is $29.00

This summary was machine generated from LSEG data January 23 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)