
Heritage Financial (HFWA) Stock Forecast & Price Target
Heritage Financial (HFWA) Analyst Ratings
Bulls say
Heritage Financial is currently undervalued, trading at a discount to both its historical premium and its peers. The recent acquisition of Olympic Bancorp is expected to positively impact earnings and margin, while also providing potential cost savings in the future. The bank's strong core deposit franchise, conservative credit approach, and anticipated improvement in key metrics make it an attractive investment opportunity with a $32 price target.
Bears say
Heritage Financial is expected to see a decline in their net loan-to-deposit ratio due to the acquisition of Olympic's excess deposits and plans to leverage them over time to achieve a ratio in their desired range. This, along with upside potential to consensus estimates due to the acquisition, could lead to higher earnings. The company also reported better-than-expected core EPS and NIM, which is expected to continue to improve with lower funding costs and loan pricing opportunities. However, the potential downside risks to this positive outlook include credit quality issues and the uncertain impact of the Olympic acquisition on the company's operations.
This aggregate rating is based on analysts' research of Heritage Financial and is not a guaranteed prediction by Public.com or investment advice.
Heritage Financial (HFWA) Analyst Forecast & Price Prediction
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