Heartland Financial USA Inc (NASDAQ:HTLF) declared a quarterly dividend on Friday, April 21st. Investors of record on Friday, May 19th will be given a dividend of 0.11 per share by the bank on Friday, June 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, May 17th.
Heartland Financial USA (NASDAQ:HTLF) traded up 0.49% on Friday, reaching $50.90. The company had a trading volume of 78,375 shares. The stock has a 50 day moving average price of $49.31 and a 200 day moving average price of $45.23. The stock has a market capitalization of $1.33 billion, a PE ratio of 15.81 and a beta of 0.65. Heartland Financial USA has a 52-week low of $30.91 and a 52-week high of $51.70.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, January 30th. The bank reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Heartland Financial USA had a net margin of 18.26% and a return on equity of 11.74%. The business had revenue of $99.62 million for the quarter, compared to the consensus estimate of $101.74 million. During the same quarter last year, the firm posted $0.67 EPS. Analysts expect that Heartland Financial USA will post $3.09 EPS for the current year.
A number of brokerages have recently commented on HTLF. FBR & Co began coverage on shares of Heartland Financial USA in a research note on Tuesday, January 10th. They issued a “mkt perform” rating and a $52.00 target price on the stock. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.40.
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In related news, Director John W. Cox, Jr. sold 2,497 shares of Heartland Financial USA stock in a transaction on Friday, February 10th. The shares were sold at an average price of $45.60, for a total transaction of $113,863.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Douglas J. Horstmann sold 10,000 shares of Heartland Financial USA stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $49.00, for a total transaction of $490,000.00. The disclosure for this sale can be found here. Insiders own 12.63% of the company’s stock.
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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