Heartland Financial USA Inc (HTLF) Expected to Post Earnings of $1.02 Per Share

Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to announce earnings per share (EPS) of $1.02 for the current quarter, Zacks reports. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.03. Heartland Financial USA reported earnings of $0.76 per share during the same quarter last year, which indicates a positive year over year growth rate of 34.2%. The firm is scheduled to report its next earnings report on Monday, April 29th.

According to Zacks, analysts expect that Heartland Financial USA will report full year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.00 to $4.42. For the next financial year, analysts forecast that the company will report earnings of $4.38 per share, with EPS estimates ranging from $4.15 to $4.77. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, January 28th. The bank reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.08). The firm had revenue of $137.30 million during the quarter, compared to analyst estimates of $139.99 million. Heartland Financial USA had a net margin of 20.35% and a return on equity of 9.53%. The business’s revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share.

Several research firms have weighed in on HTLF. ValuEngine downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, BidaskClub cut Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.00.

NASDAQ HTLF traded down $0.05 during trading on Friday, hitting $42.65. The stock had a trading volume of 111,131 shares, compared to its average volume of 93,662. The company has a market cap of $1.47 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.79. Heartland Financial USA has a twelve month low of $41.57 and a twelve month high of $61.95.

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, February 14th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.14. Heartland Financial USA’s dividend payout ratio is 18.18%.

In other news, EVP Michael J. Coyle sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $48.57, for a total transaction of $48,570.00. Following the completion of the sale, the executive vice president now owns 9,386 shares in the company, valued at $455,878.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its holdings in Heartland Financial USA by 48.6% in the third quarter. Vanguard Group Inc now owns 2,045,793 shares of the bank’s stock valued at $118,759,000 after purchasing an additional 668,960 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Heartland Financial USA by 48.6% during the third quarter. Vanguard Group Inc. now owns 2,045,793 shares of the bank’s stock valued at $118,759,000 after acquiring an additional 668,960 shares during the last quarter. FMR LLC boosted its stake in shares of Heartland Financial USA by 29.4% during the third quarter. FMR LLC now owns 1,764,891 shares of the bank’s stock valued at $102,452,000 after acquiring an additional 401,500 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Heartland Financial USA by 33.3% during the third quarter. Earnest Partners LLC now owns 1,521,853 shares of the bank’s stock valued at $88,344,000 after acquiring an additional 380,271 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Heartland Financial USA during the fourth quarter valued at $11,912,000. Hedge funds and other institutional investors own 55.96% of the company’s stock.

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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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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