$1.02 EPS Expected for Heartland Financial USA Inc (HTLF) This Quarter

Equities analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will announce earnings of $1.02 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Heartland Financial USA’s earnings. The highest EPS estimate is $1.03 and the lowest is $1.01. Heartland Financial USA posted earnings of $0.76 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.2%. The firm is expected to report its next quarterly earnings results on Monday, April 29th.

According to Zacks, analysts expect that Heartland Financial USA will report full-year earnings of $4.20 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.42. For the next year, analysts anticipate that the business will post earnings of $4.47 per share, with EPS estimates ranging from $4.15 to $4.77. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, January 28th. The bank reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). The firm had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $139.99 million. Heartland Financial USA had a net margin of 20.35% and a return on equity of 9.79%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. ValuEngine downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $58.00.

In related news, Director R Michael Mccoy acquired 2,015 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were purchased at an average price of $49.41 per share, for a total transaction of $99,561.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kurt Saylor sold 5,000 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $54.26, for a total transaction of $271,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,000 shares of company stock worth $968,066. Corporate insiders own 6.60% of the company’s stock.

A number of large investors have recently modified their holdings of HTLF. Larson Financial Group LLC acquired a new position in Heartland Financial USA in the 4th quarter worth approximately $60,000. Quantamental Technologies LLC acquired a new position in Heartland Financial USA in the 4th quarter worth approximately $94,000. MML Investors Services LLC acquired a new position in Heartland Financial USA in the 3rd quarter worth approximately $203,000. Teton Advisors Inc. increased its holdings in Heartland Financial USA by 8.9% in the 4th quarter. Teton Advisors Inc. now owns 4,900 shares of the bank’s stock worth $215,000 after buying an additional 400 shares during the period. Finally, Integrated Investment Consultants LLC increased its holdings in Heartland Financial USA by 48.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock worth $219,000 after buying an additional 1,223 shares during the period. Institutional investors own 55.03% of the company’s stock.

Shares of HTLF stock traded up $0.47 during mid-day trading on Monday, hitting $47.75. 51,843 shares of the stock traded hands, compared to its average volume of 95,309. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.13 and a beta of 0.93. Heartland Financial USA has a 52-week low of $41.88 and a 52-week high of $61.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 0.80.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.14. Heartland Financial USA’s dividend payout ratio is 15.91%.

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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