What is HFWA's dilution risk score?

HFWA has a latest available DilutionScore record of 27/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for HFWA, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for HFWA?

DilutionWatch tracks 25 SEC filing types for HFWA including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect HFWA shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For HFWA, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for HFWA tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for HFWA. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

HFWA Dilution Risk Score: 27/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

💰Cash Runway—

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 0%

No significant dilution signals detected for HFWA.

🔔 Track HFWA — Get forecast alerts →

Market Data

Market Cap$1.11B

Shares Outstanding40.92M

Float40.55M

Cash$204.38M

Debt$59.05M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	27/100	DilutionWatch score record
Shares Outstanding	40.92M	Verified float table or market cache
Public Float	40.55M	Verified float table or market cache
Market Cap	$1.11B	Market data cache
Cash Runway	Not applicable / unavailable	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 5, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 18.5% shares (2026Q1 vs prior)

185 institutional holders · 36.34M shares

#1 BlackRock, Inc. 5.56M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 3.70M shares

#3 JENNISON ASSOCIATES LLC 3.21M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest3.17M

Days to Cover7.4

% of Float7.8%

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2012-03-02

4 INSIDER TRANSACTION 2026-03-18

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual HFWA Dilution Snapshot

Heritage Financial Corporation (HFWA) has a DilutionScore of 27/100, rated Medium dilution risk. Score date: October 13, 2026.

Recent SEC activity tracked for HFWA: 4 on 2026-03-18; 4 on 2026-03-18; 4 on 2026-03-18.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

HFWA's DilutionScore is currently 27/100 (Medium risk), with 1 score change tracked over 89 days. The score improved from 23/100 (Low risk).

Period	Score	Risk Level	Duration
Aug 14 – Oct 13, 2026	27/100	MEDIUM	60 days
Jul 16 – Aug 13, 2026	23/100	LOW	29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

HFWA shares outstanding have increased 0.2% from 41.13M (Mar 2026) to 41.22M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 16, 2026	41.22M	40.55M	▼ 0.01%
May 14, 2026	41.22M	40.56M	▼ 0.08%
May 09, 2026	41.25M	40.59M	▼ 0.04%
Apr 24, 2026	41.13M	40.60M	▲ 0.29%
Mar 21, 2026	41.13M	40.49M	▼ 0.07%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track HFWA Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment HFWA files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

Start Tracking HFWA — Free

Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously