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Heritage Financial ( (HFWA) ) just unveiled an announcement.
On September 25, 2025, Heritage Financial Corporation announced a merger agreement to acquire Olympic Bancorp, Inc., the holding company for Kitsap Bank, in an all-stock transaction valued at approximately $176.6 million. The merger, expected to close in the first quarter of 2026, will see Kitsap Bank’s operations integrated into Heritage Bank, enhancing Heritage’s market presence in the Puget Sound region and making it the second largest community bank in the area. The merger is anticipated to improve Heritage’s financial metrics and provide significant benefits for stakeholders, including an 18% earnings per share accretion post-merger.
The most recent analyst rating on (HFWA) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Heritage Financial stock, see the HFWA Stock Forecast page.
Spark’s Take on HFWA Stock
According to Spark, TipRanks’ AI Analyst, HFWA is a Outperform.
Heritage Financial’s overall stock score reflects a solid financial performance with strong profitability and cash flow management. Technical indicators support a bullish trend, although caution is advised due to potential overbought conditions. The valuation is reasonable but not significantly undervalued, suggesting moderate growth potential. The earnings call provided a positive outlook, but concerns about deposit declines and credit quality warrant attention.
To see Spark’s full report on HFWA stock, click here.
More about Heritage Financial
Heritage Financial Corporation is a bank holding company based in Olympia, Washington, operating Heritage Bank as its sole wholly-owned subsidiary. Heritage Bank is a full-service commercial bank with a network of 50 branches across Washington, Oregon, and Idaho. The bank is known for its relationship banking strategy and operates under the Whidbey Island Bank name in specific regions.
Average Trading Volume: 171,691
Technical Sentiment Signal: Strong Buy
Current Market Cap: $836.6M
For detailed information about HFWA stock, go to TipRanks’ Stock Analysis page.