What is the 13F Pro Quality Score for HFWA?

13F Pro ranks HERITAGE FINANCIAL CORP /WA/ (HFWA) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HFWA's current score at https://13fpro.ai/research/HFWA (free sign-up required for the full ranking).

Which hedge funds own the most HFWA stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HFWA include BlackRock,, JENNISON ASSOCIATES, VICTORY CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HFWA as soon as new 13F filings post.

Where does 13F Pro source HFWA data?

All HERITAGE FINANCIAL CORP /WA/ fundamentals and ownership data come directly from SEC EDGAR. HERITAGE FINANCIAL CORP /WA/ files with the SEC under CIK 1046025. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HFWA in?

HERITAGE FINANCIAL CORP /WA/ (HFWA) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is HFWA research updated on 13F Pro?

HFWA's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HERITAGE FINANCIAL CORP /WA/(HFWA)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

HFWA Stock Analysis & AI Quality Score

AI stock analysis and institutional research for HERITAGE FINANCIAL CORP /WA/ (HFWA), a Financials sector company. HFWA is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), HERITAGE FINANCIAL CORP /WA/ reports quarterly revenue of $77.9M, net income of $18.9M, an operating margin of 28.7%. Top institutional holders of HFWA by reported 13-F value include BlackRock,, JENNISON ASSOCIATES, VICTORY CAPITAL MANAGEMENT, based on the most recent SEC filings. HFWA trades on the Nasdaq exchange and files with the SEC under CIK 1046025. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HFWA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HERITAGE FINANCIAL CORP /WA/ directly from SEC EDGAR.

Revenue

Q1 2026

$77.9M

Net Income

Q1 2026

$18.9M

Free Cash Flow

Q1 2026

$12.7M

Operating Margin

Q1 2026

28.7%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

+56.1% YoY

$67.5MFY 2025

FY21 $98.0MFY22 $81.9MFY24 $43.3MFY25 $67.5M

EPS (Diluted)

+58.1% YoY

$1.96FY 2025

FY21 $2.73FY22 $2.31FY24 $1.24FY25 $1.96

Total Assets

-2.0% YoY

$6.97BFY 2025

FY21 $7.43BFY22 $6.98BFY24 $7.11BFY25 $6.97B

Op. Cash Flow

+47.0% YoY

$94.8MFY 2025

FY21 $69.5MFY22 $94.5MFY24 $64.5MFY25 $94.8M

Metric	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020	FY 2018
Net Income	$67.5M +56.1%	$43.3M -47.2%	$81.9M -16.5%	$98.0M +110.5%	$46.6M -12.2%	$53.1M
EPS (Diluted)	$1.96 +58.1%	$1.24 -46.3%	$2.31 -15.4%	$2.73 +111.6%	$1.29 -13.4%	$1.49
Total Assets	$6.97B -2.0%	$7.11B +1.8%	$6.98B -6.1%	$7.43B +12.4%	$6.62B +24.4%	$5.32B
Operating Cash Flow	$94.8M +47.0%	$64.5M -31.7%	$94.5M +35.8%	$69.5M -1.1%	$70.3M -22.2%	$90.4M

AI Insight: HFWA Financial Trends

Heritage Financial's equity surged 21% in Q1 2026 while net income and operating cash flow showed volatility across recent quarters.

• Equity climbed from $922M in Q4 2025 to $1,116M in Q1 2026, a 21% quarterly increase.

• Net income rose from $12M in Q4 2024 to $22M in Q4 2025, then fell to $19M in Q1 2026.

• Operating cash flow declined sharply from $28M in Q4 2025 to $14M in Q1 2026.

⚠ Operating cash flow volatility — swinging from $7M to $28M across quarters with latest decline to $14M.

⚠ Large equity jump of $194M in Q1 2026 warrants scrutiny for underlying drivers and sustainability.

AI Insight: HFWA Ratio Trends

Heritage Financial's ROE surged to 9.7% in Q4 2025 but retreated to 6.8% in Q1 2026, signaling volatile profitability trends.

• ROE jumped from 5.5% in Q2 2025 to 9.7% in Q4 2025, then declined to 6.8% in Q1 2026.

• ROIC peaked at 11.2% in Q4 2025, up from 6.5% in Q2 2025, before falling to 8.0% in Q1 2026.

• ROA improved from 0.7% in Q2 2025 to 1.3% in Q4 2025, then dropped to 0.9% in Q1 2026.

⚠ Sharp quarterly volatility in profitability metrics suggests unstable earnings generation or seasonal factors.

⚠ Q1 2026 profitability retreat from Q4 2025 highs warrants monitoring for underlying trend direction.

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Available Research

13F Pro tracks comprehensive data for HERITAGE FINANCIAL CORP /WA/ including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HFWA

BlackRock, Inc.
$144.6M5,561,782 sh
JENNISON ASSOCIATES LLC
$83.6M3,213,473 sh
VICTORY CAPITAL MANAGEMENT INC
$64.2M2,469,315 sh
DIMENSIONAL FUND ADVISORS LP
$50.9M1,956,477 sh
VANGUARD CAPITAL MANAGEMENT LLC
$48.0M1,847,906 sh
STATE STREET CORP
$46.7M1,796,525 sh
ALLIANCEBERNSTEIN L.P.
$27.1M1,144,920 sh
GEODE CAPITAL MANAGEMENT, LLC
$24.3M934,802 sh
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
$18.2M698,904 sh
Boston Partners
$18.0M690,319 sh

Fund	Value	Shares
BlackRock, Inc.	$144.6M	5,561,782
JENNISON ASSOCIATES LLC	$83.6M	3,213,473
VICTORY CAPITAL MANAGEMENT INC	$64.2M	2,469,315
DIMENSIONAL FUND ADVISORS LP	$50.9M	1,956,477
VANGUARD CAPITAL MANAGEMENT LLC	$48.0M	1,847,906
STATE STREET CORP	$46.7M	1,796,525
ALLIANCEBERNSTEIN L.P.	$27.1M	1,144,920
GEODE CAPITAL MANAGEMENT, LLC	$24.3M	934,802
BASSWOOD CAPITAL MANAGEMENT, L.L.C.	$18.2M	698,904
Boston Partners	$18.0M	690,319

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Is HFWA a good stock to buy?

13F Pro's AI-powered analysis of HERITAGE FINANCIAL CORP /WA/ (HFWA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HFWA are available on the HFWA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HFWA?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HFWA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HERITAGE FINANCIAL CORP /WA/'s investment landscape.