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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Heritage Financial's current 3-Year Share Buyback Ratio was 1.10%.
The historical rank and industry rank for Heritage Financial's 3-Year Share Buyback Ratio or its related term are showing as below:
HFWA'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -32.8 Med: -1.4 Max: 12.1
Current: 1.1
During the past 13 years, Heritage Financial's highest 3-Year Share Buyback Ratio was 12.10%. The lowest was -32.80%. And the median was -1.40%.
HFWA's 3-Year Share Buyback Ratio is ranked better than 79.13% of 1040
companies
in the Banks industry
Industry Median: -0.2
vs HFWA: 1.10
Heritage Financial (NAS:HFWA) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Heritage Financial 3-Year Share Buyback Ratio Related Terms
HFWA vs FMBL, AMTB, UVSP: 3-Year Share Buyback Ratio Comparison
For the Banks - Regional subindustry, Heritage Financial's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Heritage Financial's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Heritage Financial's 3-Year Share Buyback Ratio falls into.
Heritage Financial 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 1.10 mean?
Heritage Financial (HFWA) has a 3-Year Share Buyback Ratio of 1.10 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Heritage Financial and its competitors. According to the industry distribution chart, Heritage Financial ranks #217 out of 1040 companies in the Banks industry, placing it in the top 20.9%.
Is Heritage Financial's 3-Year Share Buyback Ratio too high?
Heritage Financial's current 3-Year Share Buyback Ratio is 1.10. Based on the distribution chart, Heritage Financial ranks #217 out of 1040 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Heritage Financial has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heritage Financial's 3-Year Share Buyback Ratio compare to FMBL and AMTB?
According to the Banks industry distribution chart, Heritage Financial ranks #217 out of 1040 companies for 3-Year Share Buyback Ratio. This places Heritage Financial in the top 21% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Banks company?
A good 3-Year Share Buyback Ratio depends on the Banks industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Heritage Financial and its competitors. Heritage Financial's current 3-Year Share Buyback Ratio is 1.10. 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 $28.11, compared to a current price of $28.57 — trading 1.6% above its estimated fair value. The current 3-Year Share Buyback Ratio is 1.10. Heritage Financial's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Heritage Financial (HFWA), the current 3-Year Share Buyback Ratio is 1.10 as of Jun. 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 $28.57 is trading 1.6% above its estimated GF Value™ of $28.11.
GuruFocus considers Heritage Financial to be Fairly Valued.
Key valuation signals for HFWA:
3-Year Share Buyback Ratio: 1.10
GF Value™: $28.11 vs. price of $28.57 (1.6% 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.
62GF Score
Get the complete analysis for HFWA
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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