On average, analysts expect that Heartland Financial USA will report full-year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $3.18. For the next fiscal year, analysts expect that the firm will post earnings of $3.48 per share, with EPS estimates ranging from $3.32 to $3.63. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Heartland Financial USA.
Brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to announce earnings per share (EPS) of $0.74 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Heartland Financial USA’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.79. Heartland Financial USA reported earnings per share of $0.84 in the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The business is expected to announce its next earnings report on Monday, July 24th.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, April 24th. The bank reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. The company had revenue of $106.44 million for the quarter, compared to the consensus estimate of $100.45 million. Heartland Financial USA had a net margin of 18.26% and a return on equity of 11.74%. During the same period in the previous year, the firm earned $0.82 EPS. HTLF has been the topic of a number of analyst reports. Zacks Investment Research cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. DA Davidson cut Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Finally, FBR & Co reaffirmed a “mkt perform” rating and set a $52.00 price objective (up from $50.00) on shares of Heartland Financial USA in a research report on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $46.75.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded down 0.63% during trading on Thursday, hitting $47.05. 35,950 shares of the company were exchanged. The company has a 50 day moving average of $48.92 and a 200-day moving average of $46.59. The stock has a market capitalization of $1.26 billion, a PE ratio of 15.30 and a beta of 0.65. Heartland Financial USA has a 1-year low of $32.41 and a 1-year high of $52.65. The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.93%. Heartland Financial USA’s payout ratio is currently 12.46%.
In other news, EVP Douglas J. Horstmann sold 10,000 shares of Heartland Financial USA stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $49.00, for a total transaction of $490,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.63% of the stock is owned by insiders. Several hedge funds and other institutional investors have recently bought and sold shares of HTLF. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Heartland Financial USA by 1.2% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 63,650 shares of the bank’s stock worth $2,296,000 after buying an additional 750 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Heartland Financial USA by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 104,405 shares of the bank’s stock worth $3,766,000 after buying an additional 5,083 shares during the last quarter. BlackRock Investment Management LLC boosted its position in Heartland Financial USA by 1.9% in the third quarter. BlackRock Investment Management LLC now owns 91,584 shares of the bank’s stock worth $3,303,000 after buying an additional 1,700 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Heartland Financial USA by 12.8% in the third quarter. TIAA CREF Investment Management LLC now owns 142,475 shares of the bank’s stock worth $5,139,000 after buying an additional 16,140 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Heartland Financial USA by 2.1% in the third quarter. Northern Trust Corp now owns 879,017 shares of the bank’s stock worth $31,706,000 after buying an additional 18,444 shares during the last quarter. 39.47% of the stock is currently owned by hedge funds and other institutional investors.
About Heartland Financial USA Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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