Wall Street brokerages forecast that Heartland Financial USA Inc (NASDAQ:HTLF) will announce $0.99 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Heartland Financial USA’s earnings, with estimates ranging from $0.92 to $1.03. Heartland Financial USA posted earnings per share of $0.76 during the same quarter last year, which indicates a positive year over year growth rate of 30.3%. The company is scheduled to announce its next earnings results after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Heartland Financial USA will report full-year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.42. For the next financial year, analysts forecast that the business will post earnings of $4.39 per share, with EPS estimates ranging from $4.15 to $4.77. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, January 28th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.08). Heartland Financial USA had a net margin of 20.35% and a return on equity of 9.53%. The company had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $139.99 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The company’s revenue was up 26.7% on a year-over-year basis.
Several equities analysts have recently commented on HTLF shares. Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.00.
Heartland Financial USA stock opened at $46.57 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80. Heartland Financial USA has a 12 month low of $41.57 and a 12 month high of $61.95. The firm has a market cap of $1.57 billion, a PE ratio of 13.23, a P/E/G ratio of 1.09 and a beta of 0.91.
In other news, EVP Michael J. Coyle sold 1,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $48.57, for a total transaction of $48,570.00. Following the transaction, the executive vice president now directly owns 9,386 shares in the company, valued at approximately $455,878.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new position in shares of Heartland Financial USA during the fourth quarter valued at about $60,000. Quantamental Technologies LLC acquired a new position in shares of Heartland Financial USA during the fourth quarter valued at about $94,000. Great West Life Assurance Co. Can raised its position in shares of Heartland Financial USA by 40.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,566 shares of the bank’s stock valued at $151,000 after buying an additional 1,026 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Heartland Financial USA during the fourth quarter valued at about $228,000. Finally, Teton Advisors Inc. raised its position in shares of Heartland Financial USA by 8.9% during the fourth quarter. Teton Advisors Inc. now owns 4,900 shares of the bank’s stock valued at $215,000 after buying an additional 400 shares during the last quarter. 55.89% of the stock is owned by institutional investors and hedge funds.
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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