Brokerages predict that Heartland Financial USA Inc (NASDAQ:HTLF) will report earnings of $0.94 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Heartland Financial USA’s earnings, with estimates ranging from $0.88 to $0.98. Heartland Financial USA reported earnings per share of $0.85 during the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The business is expected to report its next quarterly earnings results after the market closes on Monday, July 29th.
On average, analysts expect that Heartland Financial USA will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.99. For the next fiscal year, analysts anticipate that the company will post earnings of $4.03 per share, with EPS estimates ranging from $3.70 to $4.35. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, April 29th. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.06). The firm had revenue of $129.70 million during the quarter, compared to analysts’ expectations of $131.55 million. Heartland Financial USA had a return on equity of 9.57% and a net margin of 20.99%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in HTLF. Squarepoint Ops LLC grew its holdings in Heartland Financial USA by 102.4% during the 4th quarter. Squarepoint Ops LLC now owns 7,487 shares of the bank’s stock valued at $329,000 after buying an additional 3,787 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Heartland Financial USA during the 1st quarter valued at approximately $33,000. Geode Capital Management LLC grew its holdings in Heartland Financial USA by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 334,929 shares of the bank’s stock valued at $14,720,000 after buying an additional 24,812 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Heartland Financial USA by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,251,833 shares of the bank’s stock valued at $55,018,000 after buying an additional 60,279 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Heartland Financial USA during the 4th quarter valued at approximately $444,000. 53.55% of the stock is owned by institutional investors.
Heartland Financial USA stock traded down $0.20 during midday trading on Friday, hitting $43.80. The stock had a trading volume of 138,998 shares, compared to its average volume of 133,586. The stock has a fifty day moving average of $43.75. The stock has a market capitalization of $1.52 billion, a P/E ratio of 12.44, a PEG ratio of 1.16 and a beta of 0.95. Heartland Financial USA has a 52-week low of $40.80 and a 52-week high of $61.95. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.
About Heartland Financial USA
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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