| Company Name: | Heritage Financial Corporation | | Ticker Symbol: | HFWA | | | WWW Address: | www.heritagebankwa.com | | CEO: | Brian L. Vance | | No. of Employees: | 217 | | Common Issue Type: | CS | | Business Description: | A bank holding company engaged in lending and deposit relationships with small businesses and attracting deposits from the general public and originating for sale or investment purposes first mortgage loans on residential properties.
|
| | | Industry Information: | BANKING - Regional - Pacific Banks [more like this] |
|
| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 12.8475 |  -0.1525 | 12.83 | 12.86 | 12.96 | 13.00 | 12.88 | 4881 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 143.7 | 11.1 | 0.31 | 0.93 | 0.77 | 0.0 | 3.1 | 14.20 - 8.55 |
|
| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 13.00 | $ | | PE Ratio - LTM | 0.0 | |
| Market Capitalisation | 143.7 | mil |
| Latest Shares Outstanding | 11.1 | mil |
| Earnings pS (EPS) | 0.93 | $ |
| Dividend pS (DPS) | 0.77 | ¢ |
| Dividend Yield | 3.1 | % |
| Dividend Payout Ratio | 83 | % |
| Revenue per Employee | 303,097 | $ |
| Effective Tax Rate | 31.9 | % |
| Float | 5.5 | mil |
| Float as % of Shares Outstanding | 82.6 | % |
| Foreign Sales | - | |
| Domestic Sales | - | |
| Selling, General & Adm/tive (SG&A) as % of Revenue | - | |
| Research & Devlopment (R&D) as % of Revenue | - | |
| Gross Profit Margin | - | |
| EBITDA Margin | 15.9 | % |
| Pre-Tax Profit Margin | -1.6 | % |
| Assets Turnover | 0.1 | % |
| Return on Assets (ROA) | 0.0 | % |
| Return on Equity (ROE) | 0.0 | % |
| Return on Capital Invested (ROCI) | -0.2 | % |
| Current Ratio | - | |
| Leverage Ratio (Assets/Equity) | 7.5 | |
| Interest Cover | 0.9 | |
| Total Debt/Equity (Gearing Ratio) | 0.00 | |
| LT Debt/Total Capital | 0.0 | % |
| Working Capital pS | - | |
| Cash pS | - | |
| Book-Value pS | 12.22 | $ |
| Tangible Book-Value pS | 11.01 | $ |
| Cash Flow pS | -0.03 | $ |
| Free Cash Flow pS | 1.14 | $ |
 |
| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 1.06 | |
| Price/Tangible Book Ratio | 1.18 | |
| Price/Cash Flow | -373.3 | |
| Price/Free Cash Flow | 11.4 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 0.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 01/27/2009 |
| Dividend Ex-Date | 02/02/2009 |
| Dividend Record Date | 02/04/2009 |
| Dividend Pay Date | 02/19/2009 |
| Dividend Amount | 100 |
| Type of Payment | Cash Payment |
| Dividend Rate | 0.40 |
| Current Dividend Yield | 3.1 |
| 5-Y Average Dividend Yield | 3.6 |
| Payout Ratio | 83.0 |
| 5-Y Average Payout Ratio | 54.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
|
 | |
| |
| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 0.0 | 99 | 187 | 39 |
| 4 Weeks | 13.24 | 12.25 | 12.51 | 3.9 | 97 | 171 | 2,729 |
| 13 Weeks | 14.20 | 11.85 | 13.16 | -1.2 | 92 | 373 | 22,389 |
| 26 Weeks | 14.20 | 10.51 | 12.00 | 8.3 | 90 | 290 | 35,923 |
| 52 Weeks | 14.20 | 8.55 | 12.09 | 7.5 | 87 | 178 | 44,102 |
| YTD | 14.20 | 8.55 | - | 6.1 | 87 | 184 | 41,609 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 13.00 | 12.94 | 13.09 | 12.44 | 12.03 | 0.31 | 0.31 |
|
| |
| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 7.86 | 67.9 | 0.27 |
| Income | 0.00 | 0.0 | 0.00 |
| Dividend | -7.72 | 13.4 | -24.59 |
| Capital Spending | 7.57 | NA | 17.84 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 0.00 | NA | 0.00 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -6.4 | -6.3 | -7.3 |
| Earnings % | -100.0 | -85.0 | -40.7 |
| EPS % | -100.0 | -100.0 | -42.2 |
| EPS $ | -1.16 | -0.31 | -0.68 |
|
| |
| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Free Cash Flow Margin | 16.83 |
| Free Cash Flow Margin 5YEAR AVG | 15.32 |
| Cash-Flow pS | 2.35 |
| Free Cash-Flow pS | 1.43 |
| FINANCIAL STRUCTURE RATIOS |
| Financial Leverage Ratio (Assets/Equity) | 8.36 |
| Debt Ratio | 88.04 |
| Total Debt/Equity (Gearing Ratio) | 0.00 |
| LT Debt/Equity | 0.00 |
| LT Debt/Capital Invested | 0.00 |
| LT Debt/Total Liabilities | 0.00 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 0.00 |
| Tobin's Q Ratio | 0.16 |
| Current P/E Ratio - LTM | 0.00 |
| Enterprise Value (EV)/EBITDA | 0.11 |
| Enterprise Value (EV)/Free Cash Flow | 2.47 |
| Dividend Yield | 3.1 |
| Price/Tangible Book Ratio - LTM | 1.18 |
| Price/Book Ratio - LTM | 1.06 |
| Price/Cash Flow Ratio | -373.3 |
| Price/Free Cash Flow Ratio - LTM | 11.4 |
| P/E Ratio (1 month ago) - LTM | 0.0 |
| P/E Ratio (26 weeks ago) - LTM | 31.6 |
| P/E Ratio (52 weeks ago) - LTM | 8.6 |
| 5-Y High P/E Ratio | 21.9 |
| 5-Y Low P/E Ratio | 10.8 |
| 5-Y Average P/E Ratio | 14.0 |
| Current P/E Ratio as % of 5-Y Average P/E | 0 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 0.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 0.0 |
| PER SHARE FIGURES |
| Tangible Book Value pS - LTM | 11.01 |
| Book Value pS - LTM | 12.22 |
| Capital Invested pS | 10.23 |
| Cash Flow pS - LTM | -0.03 |
| Free Cash Flow pS - LTM | 1.14 |
| Earnings pS (EPS) | 0.93 |
| | | | OPERATING RATIOS | | PROFITABILITY |
| Return on Equity (ROE) | 7.07 |
| Return on Equity (ROE) - 5YEAR AVRG. | 12.5 |
| Return on Capital Invested (ROCI) | 5.61 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 10.3 |
| Return on Assets (ROA) | 0.67 |
| Return on Assets (ROA) - 5YEAR AVRG. | 1.2 |
| EBIT Margin - LTM | 19.4 |
| EBITDA Margin - LTM | 15.9 |
| Pre-Tax Profit Margin | 19.30 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 39.73 |
| Net Profit Margin | 16.56 |
| Net Profit Margin - 5YEAR AVRG. | 27.28 |
| Effective Tax Rate | 40.22 |
| Effective Tax Rate - 5YEAR AVRG. | 34.59 |
| EFFICIENCY RATIOS |
| Revenue per Employee - LTM | 288,475 |
| Net Income per Employee - LTM | -1,774 |
| Assets/Revenue - LTM | 1,000.00 |
| Assets/Revenue - 5YEAR AVRG. | 2,337.23 |
|
|  
|