Heritage Financial director Brian Charneski sells $399,091 in stock

Heritage Financial Corp (HFWA) director Brian Charneski sold 13,675 shares of common stock on September 3, 2026, for a total of $399,091. The shares were sold indirectly through a corporation at a price of $29.184 per share. As of the sale, the stock price was $29.07, with a P/E ratio of 14.02, indicating that HFWA is undervalued according to InvestingPro analysis.

The company's beneficial ownership of these securities became zero following the transaction. Despite this insider sale, Heritage Financial maintains a strong dividend history, having increased its dividend for five consecutive years. The company recently reported its Q2 2026 earnings, which exceeded expectations with earnings per share of $0.57, compared to the anticipated $0.45.

However, revenue fell short of estimates at $84.13 million against the forecasted $86.30 million. Despite this, Heritage Financial demonstrated an improved net interest margin and maintained a strong credit quality. The mixed financial results highlight the company's ongoing challenges with declining deposits and merger-related costs.

Analysts noted that the earnings beat was primarily driven by better-than-expected net interest margin and low credit losses.