Heartland Financial USA Inc (NASDAQ:HTLF) Expected to Announce Earnings of $0.97 Per Share

Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to report $0.97 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Heartland Financial USA’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.99. Heartland Financial USA reported earnings of $0.93 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to report its next earnings results on Monday, January 27th.

On average, analysts expect that Heartland Financial USA will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.10. For the next year, analysts expect that the firm will post earnings of $3.96 per share, with EPS estimates ranging from $3.87 to $4.08. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, October 28th. The bank reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. The firm had revenue of $140.72 million for the quarter, compared to the consensus estimate of $137.57 million. Heartland Financial USA had a net margin of 23.03% and a return on equity of 10.20%. During the same period in the prior year, the firm earned $0.97 EPS.

Several equities analysts have recently weighed in on HTLF shares. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. ValuEngine upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Piper Jaffray Companies lowered their price objective on shares of Heartland Financial USA from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Finally, Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th.

In other news, CFO Bryan Mckeag bought 1,000 shares of Heartland Financial USA stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average cost of $41.76 per share, with a total value of $41,760.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Barry H. Orr sold 13,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $48.13, for a total transaction of $625,690.00. Following the completion of the sale, the director now directly owns 244,018 shares of the company’s stock, valued at $11,744,586.34. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

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A number of institutional investors have recently added to or reduced their stakes in HTLF. Meeder Asset Management Inc. purchased a new stake in Heartland Financial USA during the 3rd quarter valued at approximately $25,000. Gradient Investments LLC purchased a new stake in Heartland Financial USA during the 2nd quarter valued at approximately $29,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Heartland Financial USA during the 1st quarter valued at approximately $124,000. Bank of Montreal Can grew its holdings in Heartland Financial USA by 380.8% during the 2nd quarter. Bank of Montreal Can now owns 3,481 shares of the bank’s stock valued at $155,000 after buying an additional 2,757 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in Heartland Financial USA during the 2nd quarter valued at approximately $202,000. 50.88% of the stock is owned by institutional investors.

Heartland Financial USA stock traded down $0.27 during mid-day trading on Tuesday, reaching $47.91. The stock had a trading volume of 67,600 shares, compared to its average volume of 103,770. The company has a 50-day moving average price of $45.63 and a two-hundred day moving average price of $44.59. Heartland Financial USA has a one year low of $40.80 and a one year high of $55.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.61 and a beta of 0.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, November 14th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 20.45%.

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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