Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Heritage Financial's shares outstanding for the quarter that ended in Mar. 2026 was 41.3 Mil.
Heritage Financial's quarterly shares outstanding
increased
from Dec. 2025 (34.0 Mil) to Mar. 2026 (41.3 Mil).
It means Heritage Financialissued new shares from Dec. 2025 to Mar. 2026 .
Heritage Financial's annual shares outstanding
declined
from Dec. 2024 (34.0 Mil) to Dec. 2025 (34.0 Mil).
It means Heritage Financialbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Heritage Financial Shares Outstanding (EOP) Related Terms
Heritage Financial Shares Outstanding (EOP) Historical Data
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The historical data trend for Heritage Financial's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HFWA vs PFBC, MCB, UVSP: Shares Outstanding (EOP) Comparison
For the Banks - Regional subindustry, Heritage Financial's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Heritage Financial Shares Outstanding (EOP) vs Banks Industry
For the Banks industry and Financial Services sector, Heritage Financial's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Heritage Financial's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 41.3 Mil mean?
Heritage Financial (HFWA) has a Shares Outstanding (EOP) of 41.3 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Heritage Financial and its competitors.
Is Heritage Financial's Shares Outstanding (EOP) too high?
Heritage Financial's current Shares Outstanding (EOP) is 41.3 Mil. Overall, Heritage Financial has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heritage Financial's Shares Outstanding (EOP) compare to PFBC and MCB?
Heritage Financial's Shares Outstanding (EOP) of 41.3 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Banks company?
A good Shares Outstanding (EOP) depends on the Banks industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Heritage Financial and its competitors. Heritage Financial's current Shares Outstanding (EOP) is 41.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Financial stock overvalued right now?
Based on GuruFocus' analysis, Heritage Financial (HFWA) is currently considered Fairly Valued. The stock's GF Value™ is $27.21, compared to a current price of $29.54 — trading 8.6% above its estimated fair value. The current Shares Outstanding (EOP) is 41.3 Mil. Heritage Financial's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Heritage Financial (HFWA), the current Shares Outstanding (EOP) is 41.3 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heritage Financial (HFWA) Overvalued in 2026?
Based on GuruFocus' analysis, Heritage Financial stock appears to be overvalued.
The current stock price of $29.54 is trading 8.6% above its estimated GF Value™ of $27.21.
GuruFocus considers Heritage Financial to be Fairly Valued.
Key valuation signals for HFWA:
Shares Outstanding (EOP): 41.3 Mil
GF Value™: $27.21 vs. price of $29.54 (8.6% above fair value)
No single metric tells the full story. See the HFWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heritage Financial Corp is a bank holding company. The company, through its subsidiary, provides commercial lending and deposit relationships with small businesses and their owners in its market areas and attracts deposits from the general public. It accepts various deposit products, such as non-interest demand accounts, money market accounts, savings accounts, and certificates of deposit. Besides, the Bank also makes real estate construction loans, land development loans, and consumer loans, and originates first mortgage loans on residential properties mainly located in its market area. Geographically, all the business activity functions through the region of the United States.
63GF Score
Get the complete analysis for HFWA
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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