Heritage Financial Corp

HFWA remains in a clear Stage 2 – Advancing regime with sustained HH/HL and Parabola acceleration above rising EMAs. The medium‐term bias is firmly bullish, reinforced by continuation patterns, but price is extended and marked as extreme overbought. Execution is best deferred: wait for a pullback into the rising 9/21 EMAs or prior breakout zone before initiating a long entry.

• ↑Q1 total loans increased $939M, driven by Olympic merger’s $954M loan addition
• ↑Net interest margin improved to 3.96% from 3.72%, boosted by higher loan yields
• ↓Non-interest expenses forecast at $64–65M in Q2-Q3, pressuring margins