HFWANasdaqSavings Institutions, Not Federally CharteredFiscal year ends December 31
HERITAGE FINANCIAL CORP /WA/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$27.46−0.09 (-0.33%)
Close on Oct 19, 2026
- Market cap
- $1.14B
- P/E (TTM)
- 13.1
- Dividend yield
- 3.50%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
81.0%
33M of 41M shares
Institutional holders
191
29 new, 18 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
1 buys · 12 sales
Net sold $1.12M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 5,464,986 | 13.30% | 13G (passive) amendment | Mar 31, 2026 |
| Jennison Associates LLC | 3,213,473 | 7.80% | 13G (passive) amendment | Mar 31, 2026 |
| Prudential Financial Inc | 2,822,688 | 8.30% | 13G (passive) amendment | Mar 31, 2025 |
| Victory Capital Management, Inc. | 2,475,850 | 6.02% | 13G (passive) amendment | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 2,269,348 | 5.50% | 13G (passive) | Sep 30, 2026 |
| Vanguard Capital Management | 2,157,518 | 5.24% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HFWA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5,811,114 | 14.20% | $172.13M | +249,332 | 0.00% |
| Jennison Associates LLC | 3,538,159 | 8.65% | $104.80M | +324,686 | 0.06% |
| Victory Capital Management Inc | 2,360,915 | 5.77% | $69.93M | −108,400 | 0.04% |
| Dimensional Fund Advisors LP | 2,044,399 | 5.00% | $60.55M | +87,922 | 0.01% |
| State Street Corp | 1,982,257 | 4.84% | $58.71M | +185,732 | 0.00% |
| Vanguard Capital Management LLC | 1,834,712 | 4.48% | $54.34M | −13,194 | 0.00% |
| Alliancebernstein L.P. | 1,136,479 | 2.78% | $29.55M | −8,441 | 0.01% |
| Geode Capital Management, LLC | 1,103,769 | 2.70% | $32.70M | +168,967 | 0.00% |
| Vanguard Portfolio Management LLC | 749,714 | 1.83% | $22.21M | +96,023 | 0.00% |
| Basswood Capital Management, L.L.C. | 689,010 | 1.68% | $20.41M | −9,894 | 0.81% |
| Boston Partners | 677,105 | 1.65% | $20.05M | −13,214 | 0.02% |
| Wellington Management Group Llp | 528,113 | 1.29% | $15.64M | −100,207 | 0.00% |
| Algebris (UK) Ltd | 469,403 | 1.15% | $13.86M | −49,006 | 0.91% |
| Morgan Stanley | 455,987 | 1.11% | $13.51M | −23,846 | 0.00% |
| Northern Trust Corp | 440,623 | 1.08% | $13.05M | +27,507 | 0.00% |
| Charles Schwab Investment Management Inc | 399,435 | 0.98% | $11.83M | +22,392 | 0.00% |
| Bank of New York Mellon Corp | 398,963 | 0.98% | $11.82M | +19,568 | 0.00% |
| Two Sigma Investments, LP | 389,206 | 0.95% | $11.53M | −101,204 | 0.01% |
| rhino investment partners, Inc | 373,459 | 0.91% | $11.06M | +43,000 | 3.35% |
| Manufacturers Life Insurance Company, The | 308,640 | 0.75% | $9.14M | −713 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 191 | 33M | 81.0% | 29 / 69 | 56 / 18 | 2M | 2M |
| Q1 2026 | 185 | 33M | 80.2% | 25 / 83 | 46 / 11 | 7M | 1M |
| Q4 2025 | 174 | 30M | 72.3% | 19 / 63 | 61 / 16 | 2M | 1M |
| Q3 2025 | 171 | 29M | 71.4% | 18 / 56 | 66 / 17 | 2M | 1M |
| Q2 2025 | 171 | 29M | 70.4% | 16 / 55 | 60 / 24 | 2M | 2M |
| Q1 2025 | 180 | 29M | 69.8% | 29 / 53 | 65 / 16 | 3M | 2M |
| Q4 2024 | 170 | 28M | 67.8% | 21 / 51 | 62 / 15 | 2M | 2M |
| Q3 2024 | 165 | 28M | 67.9% | 16 / 50 | 69 / 14 | 7M | 2M |
| Q2 2024 | 164 | 28M | 68.2% | 34 / 45 | 63 / 14 | 1M | 3M |
| Q1 2024 | 146 | 30M | 72.5% | 11 / 49 | 52 / 27 | 3M | 2M |
| Q4 2023 | 162 | 28M | 69.0% | 19 / 60 | 60 / 14 | 3M | 2M |
| Q3 2023 | 157 | 28M | 67.2% | 15 / 58 | 64 / 19 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HFWA | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,479,579 | 6.06% | $73.45M | 0.07% | Jun 30, 2026 |
| Victory Sycamore Small Company Opportunity Fund | 1,795,000 | 4.39% | $53.17M | 1.13% | Jun 30, 2026 |
| PGIM Jennison Small Company Fund | 1,571,419 | 3.84% | $46.55M | 1.34% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,315,283 | 3.21% | $38.96M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,094,182 | 2.67% | $32.41M | 0.04% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 476,458 | 1.16% | $14.11M | 0.01% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 469,752 | 1.15% | $13.97M | 0.07% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 457,016 | 1.12% | $13.59M | 0.04% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 389,721 | 0.95% | $11.54M | 0.24% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 378,211 | 0.92% | $11.20M | 0.07% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 356,655 | 0.87% | $10.56M | 0.07% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 354,515 | 0.87% | $10.50M | 0.13% | Jun 30, 2026 |
| Heartland Value Fund | 275,000 | 0.67% | $8.15M | 0.70% | Jun 30, 2026 |
| ProShares Russell 2000 Dividend Growers ETF | 246,372 | 0.60% | $6.71M | 1.02% | May 31, 2026 |
| Small-Cap Value Series | 238,127 | 0.58% | $6.49M | 1.67% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jeffrey J. Deuel | CEO, Director | 72,956 | 0.18% | May 7, 2025 |
| William Glasby | EVP Chief Information Officer | 23,877 | 0.06% | Aug 13, 2026 |
| Matthew T. Ray | EVP Chief Lending Officer | 22,735 | 0.06% | Aug 13, 2026 |
| Tony Chalfant | EVP Chief Credit Officer | 20,362 | 0.05% | Aug 5, 2026 |
| Kelli Ann Wilson | EVP Chief Banking Officer | 3,099 | 0.01% | Jul 30, 2026 |
| Amy E. Curran | EVP Director Commercial Lend | 30,029 | 0.07% | Jun 15, 2026 |
| Donald Hinson | EVPand Chief Financial Officer | 41,241 | 0.10% | Jun 10, 2026 |
| Sabrina C. Robison | EVP Chief HR Officer | 32,931 | 0.08% | May 4, 2026 |
| Thomas J. Henning | EVP Chief Risk Officer | 19,549 | 0.05% | Mar 18, 2026 |
| Bryan McDonald | President | 63,541 | 0.16% | Mar 18, 2026 |
| Nicholas M. Bley | EVP Chief Operating Officer | 4,857 | 0.01% | Feb 27, 2026 |
| Frederick B. Rivera | Director | 5,890 | 0.01% | Sep 15, 2026 |
| Brian Charneski | Director | 44,709 | 0.11% | Sep 3, 2026 |
| Jeffrey S. Lyon | Director | 40,719 | 0.10% | Aug 5, 2026 |
| Scott Tanton Allan | Director | – | – | Jun 17, 2026 |
| Kimberly T. Ellwanger | Director | 35,037 | 0.09% | Jun 17, 2026 |
| Brian L. Vance | Director | 102,342 | 0.25% | Jun 17, 2026 |
| Ann Watson | Director | 26,121 | 0.06% | Jun 17, 2026 |
| Gail B. Giacobbe | Director | 9,977 | 0.02% | Jun 17, 2026 |
| Trevor D. Dryer | Director | 9,977 | 0.02% | Jun 17, 2026 |
| Karen R. Saunders | Director | 2,218 | 0.01% | Jun 17, 2026 |
| Deborah J. Gavin | Director | 23,997 | 0.06% | May 5, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Frederick B. Rivera Director | Sep 15, 2026 | Sale | −1,300 | $28.57 | $37.14K | 5,890 |
| Brian Charneski Director | Sep 3, 2026 | Sale | −13,675 | $29.18 | $399.04K | 0 |
| Matthew T. Ray EVP Chief Lending Officer | Aug 13, 2026 | Sale | −3,692 | $30.10 | $111.13K | 22,735 |
| Tony Chalfant EVP Chief Credit Officer | Aug 5, 2026 | Sale | −3,234 | $29.92 | $96.76K | 20,362 |
| Jeffrey S. Lyon Director | Aug 5, 2026 | Sale | −10,000 | $30.00 | $300.00K | 40,719 |
| Kelli Ann Wilson EVP Chief Banking Officer | Jul 30, 2026 | Sale | −3,778 | $29.69 | $112.17K | 3,099 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +1,846 | $30.52 | $56.34K | 23,877 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +1,824 | $30.52 | $55.67K | 16,995 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +301 | $30.52 | $9.19K | 15,171 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +301 | $30.52 | $9.19K | 14,870 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +301 | $30.52 | $9.19K | 14,569 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +302 | $30.52 | $9.22K | 14,268 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +264 | $30.52 | $8.06K | 13,966 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +264 | $30.52 | $8.06K | 13,702 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +265 | $30.52 | $8.09K | 13,438 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +265 | $30.52 | $8.09K | 13,173 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Tax withholding | −3,379 | $30.52 | $103.13K | 22,344 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +1,595 | $30.52 | $48.68K | 20,185 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +1,846 | $30.52 | $56.34K | 22,031 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +1,595 | $30.52 | $48.68K | 18,590 |
| William Glasby EVP Chief Information Officer | Jul 17, 2026 | Option exercise | +1,846 | $30.52 | $56.34K | 25,723 |
| Tony Chalfant EVP Chief Credit Officer | Jun 15, 2026 | Tax withholding | −135 | $28.44 | $3.84K | 23,596 |
| Tony Chalfant EVP Chief Credit Officer | Jun 15, 2026 | Option exercise | +1,316 | $28.44 | $37.43K | 23,731 |
| Amy E. Curran EVP Director Commercial Lend | Jun 15, 2026 | Option exercise | +576 | $28.44 | $16.38K | 30,029 |
| Amy E. Curran EVP Director Commercial Lend | Jun 15, 2026 | Tax withholding | −71 | $28.44 | $2.02K | 29,958 |
| Donald Hinson EVPand Chief Financial Officer | Jun 9, 2026 | Sale | −3,842 | $28.37 | $109.00K | 41,241 |
| Brian L. Vance Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 102,342 |
| Brian Charneski Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 44,709 |
| Jeffrey S. Lyon Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 50,719 |
| Kimberly T. Ellwanger Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 35,037 |
| Ann Watson Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 26,121 |
| Trevor D. Dryer Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 9,977 |
| Frederick B. Rivera Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 7,190 |
| Sabrina C. Robison EVP Chief HR Officer | May 1, 2026 | Sale | −716 | $27.51 | $19.70K | 32,931 |
| Sabrina C. Robison EVP Chief HR Officer | May 1, 2026 | Sale | −4,723.99 | $27.61 | $130.43K | 0 |
| Karen R. Saunders Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 2,218 |
| Gail B. Giacobbe Director | May 1, 2026 | Option exercise | +2,218 | $27.61 | $61.24K | 9,977 |
| William Glasby EVP Chief Information Officer | Mar 16, 2026 | Option exercise | +1,594 | $24.89 | $39.67K | 14,246 |
| William Glasby EVP Chief Information Officer | Mar 16, 2026 | Option exercise | +1,571 | $24.89 | $39.10K | 12,652 |
| William Glasby EVP Chief Information Officer | Mar 16, 2026 | Option exercise | +1,824 | $24.89 | $45.40K | 11,081 |
| William Glasby EVP Chief Information Officer | Mar 16, 2026 | Option exercise | +302 | $24.89 | $7.52K | 9,257 |
| William Glasby EVP Chief Information Officer | Mar 16, 2026 | Tax withholding | −1,338 | $24.89 | $33.30K | 12,908 |
| Tony Chalfant EVP Chief Credit Officer | Mar 16, 2026 | Option exercise | +1,227 | $24.89 | $30.54K | 21,097 |
| Tony Chalfant EVP Chief Credit Officer | Mar 16, 2026 | Option exercise | +733 | $24.89 | $18.24K | 21,830 |
| Tony Chalfant EVP Chief Credit Officer | Mar 16, 2026 | Option exercise | +176 | $24.89 | $4.38K | 22,006 |
| Tony Chalfant EVP Chief Credit Officer | Mar 16, 2026 | Tax withholding | −583 | $24.89 | $14.51K | 22,415 |
| Tony Chalfant EVP Chief Credit Officer | Mar 16, 2026 | Option exercise | +992 | $24.89 | $24.69K | 22,998 |
| Thomas J. Henning EVP Chief Risk Officer | Mar 16, 2026 | Option exercise | +1,475 | $24.89 | $36.71K | 19,549 |
| Thomas J. Henning EVP Chief Risk Officer | Mar 16, 2026 | Option exercise | +1,671 | $24.89 | $41.59K | 18,074 |
| Thomas J. Henning EVP Chief Risk Officer | Mar 16, 2026 | Option exercise | +530 | $24.89 | $13.19K | 16,403 |
| Thomas J. Henning EVP Chief Risk Officer | Mar 16, 2026 | Option exercise | +1,440 | $24.89 | $35.84K | 15,873 |
| Thomas J. Henning EVP Chief Risk Officer | Mar 16, 2026 | Tax withholding | −938 | $24.89 | $23.35K | 18,611 |
| Amy E. Curran EVP Director Commercial Lend | Mar 16, 2026 | Option exercise | +1,429 | $24.89 | $35.57K | 30,371 |
| Amy E. Curran EVP Director Commercial Lend | Mar 16, 2026 | Option exercise | +1,619 | $24.89 | $40.30K | 28,942 |
| Amy E. Curran EVP Director Commercial Lend | Mar 16, 2026 | Option exercise | +1,061 | $24.89 | $26.41K | 27,323 |
| Amy E. Curran EVP Director Commercial Lend | Mar 16, 2026 | Option exercise | +776 | $24.89 | $19.31K | 26,262 |
| Amy E. Curran EVP Director Commercial Lend | Mar 16, 2026 | Option exercise | +155 | $24.89 | $3.86K | 25,486 |
| Amy E. Curran EVP Director Commercial Lend | Mar 16, 2026 | Tax withholding | −918 | $24.89 | $22.85K | 29,453 |
| Kelli Ann Wilson EVP Chief Banking Officer | Mar 16, 2026 | Option exercise | +1,453 | $24.89 | $36.17K | 6,251 |
| Kelli Ann Wilson EVP Chief Banking Officer | Mar 16, 2026 | Option exercise | +490 | $24.89 | $12.20K | 4,268 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Matthew T. Ray Officer | Aug 6, 2026 | 3,692 | $109.76K | Aug 6, 2026 | Restricted Stock |
| Chalfant Tony Officer | Aug 5, 2026 | 3,234 | $96.75K | Aug 5, 2026 | Performance Shares |
| Jeffrey S. Lyon Director | Aug 4, 2026 | 10,000 | $300.10K | Aug 4, 2026 | Restricted Stock |
| A. Wilson Kelli Officer | Jul 30, 2026 | 3,778 | $112.18K | Jul 30, 2026 | Restricted Stock |
| Hinson Donald Officer | Jun 9, 2026 | 3,842 | $109.01K | Jun 9, 2026 | Performance Shares |
| Chalfant Tony Officer | Feb 11, 2026 | 4,668 | $129.06K | Feb 11, 2026 | Restricted Stock |
| B. Rivera Frederick Director | Feb 3, 2026 | 1,800 | $47.35K | Feb 3, 2026 | Restricted Stock |
| A. Wilson Kelli Officer | Jan 26, 2026 | 1,900 | $50.31K | Jan 26, 2026 | Restricted Stock |
| Donald Hinson Officer | Mar 17, 2025 | 3,420 | $80.03K | Mar 17, 2025 | PERFORMANCE SHARES |
| Jeffrey J. Deuel Officer | Mar 17, 2025 | 7,033 | $166.39K | Mar 17, 2025 | RESTRICTED STOCK |
| Frederick B. Rivera Director | Jan 27, 2025 | 4,000 | $101.72K | Jan 27, 2025 | RETAIL PURCHASE |
| Tony Chalfant Officer | Nov 7, 2024 | 2,975 | $71.13K | Nov 7, 2024 | RESTRICTED STOCK |