Heritage Financial Corp

HFWA remains in a healthy Stage 2 uptrend above key EMAs, but the Bullish Exhaustion pattern at fresh highs increases the odds of a near-term pullback. Price is currently retracing into the 9/20 EMA zone. We will stalk for a clean pullback into this EMA support area before initiating any new long exposure.

• ↑Q1 EPS $0.80, up 18% QoQ and 29% YoY.
• ↑NIM rose to 3.72%, supported by asset repricing.
• ↓Non-performing loans climbed to 0.39% from 0.09%, raising credit concerns.