Heritage Financial Stock Is Quiet Now, but One Bank Margin Test Could Decide What Comes Next
Heritage Financial Corp. shares closed at $27.25 Friday, down 0.33%, lagging bank sector gains as investors weighed the impact of its Olympic Bancorp acquisition. First-quarter net income was $18.9 million, with net interest margin rising to 3.96%. Management expects cost savings after completing systems integration in Q3. A recent SEC filing disclosed a cybersecurity incident involving an internal file-share server.