Equity Bancshares (EQBK) vs Heritage Financial (HFWA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Heritage Financial (HFWA) has outperformed Equity Bancshares (EQBK) over the past year, gaining 15.3% versus a gain of 14.2%. Over five years, EQBK leads with a +35.4% price change compared with +9.5% for HFWA. Heritage Financial is the larger company by market cap ($1.11 billion vs $961.7 million), about 1.2 times the size.
On valuation, Equity Bancshares trades at a lower forward P/E (8.5x vs 10.3x for Heritage Financial). Heritage Financial offers the higher dividend yield (3.53% vs 1.54%). Heritage Financial converts more of its revenue into profit, with a net margin of 27.4% versus 10.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EQBK | HFWA |
|---|---|---|
| Share price | $46.70 | $27.16 |
| Market cap | $961.67M | $1.11B |
| 1-day change | -1.66% | -1.49% |
| YTD return | +4.59% | +14.84% |
| 1-year return | +14.21% | +15.33% |
| 5-year return | +35.44% | +9.52% |
| P/E ratio (TTM) | 27.47 | 12.93 |
| Forward P/E | 8.53 | 10.31 |
| EPS (TTM) | $1.70 | $2.10 |
| Dividend yield | 1.54% | 3.53% |
| Annual dividend | $0.72 | $0.96 |
| Revenue (latest FY) | $210.05M | $246.14M |
| Revenue growth (YoY) | -6.64% | +13.51% |
| Net income (latest FY) | $22.73M | $67.53M |
| Net margin | 10.82% | 27.44% |
| 52-week high | $52.27 | $31.25 |
| 52-week low | $38.60 | $21.32 |
| Distance from 52-week high | -10.66% | -13.09% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.39% | +19.29% |
| Average volume | 111.36K | 404.05K |
| Shares outstanding | 20.59M | 40.92M |
| Employees | 909 | 976 |
| Sector | Finance | Finance |
| Industry | Major Banks | Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Equity Bancshares trades at a higher earnings multiple (27.5x vs 12.9x trailing P/E).
- Heritage Financial offers a meaningfully higher dividend yield (3.53% vs 1.54%).
- Heritage Financial is more profitable, keeping 27.4 cents of every revenue dollar as net income versus 10.8 cents for Equity Bancshares.
- Heritage Financial grew revenue faster in its latest fiscal year (+13.51% vs -6.64%).
About Equity Bancshares
EQBK stock →Equity Bancshares, Inc. operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers.
Finance · Major Banks · 909 employees
About Heritage Financial
HFWA stock →Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.
Finance · Banks · 976 employees
EQBK vs HFWA FAQ
Which is bigger, Equity Bancshares or Heritage Financial?
Heritage Financial (HFWA) is larger, with a market capitalization of $1.11B compared with $961.67M for Equity Bancshares (EQBK).
Which stock has performed better over the past year, EQBK or HFWA?
HFWA returned +15.33% over the past 12 months, compared with +14.21% for EQBK (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EQBK or HFWA?
HFWA has the lower trailing P/E at 12.9, versus 27.5 for EQBK. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Equity Bancshares or Heritage Financial?
Heritage Financial has the higher yield at 3.53%, compared with 1.54% for Equity Bancshares.
Are Equity Bancshares and Heritage Financial in the same industry?
Both are in the Finance sector, but in different industries: Major Banks for Equity Bancshares and Banks for Heritage Financial.