Analysts forecast that Heartland Financial USA Inc (NASDAQ:HTLF) will announce $0.95 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heartland Financial USA’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.93. Heartland Financial USA posted earnings of $0.72 per share in the same quarter last year, which would indicate a positive year over year growth rate of 31.9%. The firm is scheduled to announce its next earnings report on Monday, October 29th.
On average, analysts expect that Heartland Financial USA will report full year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.50 to $3.65. For the next year, analysts forecast that the business will post earnings of $4.25 per share, with EPS estimates ranging from $3.95 to $4.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, July 23rd. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). Heartland Financial USA had a net margin of 16.67% and a return on equity of 9.06%. The business had revenue of $129.04 million during the quarter, compared to analyst estimates of $129.51 million. During the same quarter last year, the company posted $0.81 earnings per share.
Several research firms have recently weighed in on HTLF. BidaskClub upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Stephens began coverage on shares of Heartland Financial USA in a research report on Thursday, June 14th. They set an “equal weight” rating for the company. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Raymond James cut shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. Finally, ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.50.
In related news, Director Martin J. Schmitz sold 8,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $60.25, for a total transaction of $482,000.00. Following the transaction, the director now directly owns 68,637 shares of the company’s stock, valued at $4,135,379.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew E. Townsend sold 1,500 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $60.65, for a total transaction of $90,975.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,833 shares of company stock valued at $1,072,955. 6.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HTLF. Wells Fargo & Company MN boosted its stake in Heartland Financial USA by 21.1% during the first quarter. Wells Fargo & Company MN now owns 307,875 shares of the bank’s stock worth $16,333,000 after acquiring an additional 53,723 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Heartland Financial USA by 43.5% during the first quarter. Victory Capital Management Inc. now owns 7,435 shares of the bank’s stock worth $394,000 after acquiring an additional 2,253 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Heartland Financial USA by 9.3% in the first quarter. Prudential Financial Inc. now owns 391,196 shares of the bank’s stock valued at $20,753,000 after buying an additional 33,300 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Heartland Financial USA by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 129,923 shares of the bank’s stock valued at $6,893,000 after buying an additional 5,780 shares in the last quarter. Finally, Affinity Investment Advisors LLC lifted its stake in shares of Heartland Financial USA by 41.9% in the first quarter. Affinity Investment Advisors LLC now owns 6,576 shares of the bank’s stock valued at $349,000 after buying an additional 1,943 shares in the last quarter. 52.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of HTLF traded down $0.15 during trading hours on Thursday, hitting $60.80. 93,800 shares of the stock were exchanged, compared to its average volume of 129,475. Heartland Financial USA has a fifty-two week low of $42.10 and a fifty-two week high of $61.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.09 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.73.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 9th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 0.92%. Heartland Financial USA’s dividend payout ratio is 18.67%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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