Heartland Financial USA, Inc. (HTLF) to Post FY2017 Earnings of $3.00 Per Share, DA Davidson Forecasts

Heartland Financial USA, Inc. (NASDAQ:HTLF) – Stock analysts at DA Davidson raised their FY2017 EPS estimates for shares of Heartland Financial USA in a research report issued on Tuesday. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $3.00 for the year, up from their previous estimate of $2.95. DA Davidson also issued estimates for Heartland Financial USA’s Q1 2018 earnings at $0.85 EPS, Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.86 EPS and Q4 2018 earnings at $0.84 EPS.

HTLF has been the topic of a number of other reports. Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a report on Tuesday, October 3rd. BidaskClub cut shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.50.

TRADEMARK VIOLATION WARNING: “Heartland Financial USA, Inc. (HTLF) to Post FY2017 Earnings of $3.00 Per Share, DA Davidson Forecasts” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://sportsperspectives.com/2017/11/02/heartland-financial-usa-inc-htlf-to-post-fy2017-earnings-of-3-00-per-share-da-davidson-forecasts.html. Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 10.42%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share.

Large investors have recently bought and sold shares of the company. New York State Teachers Retirement System increased its holdings in shares of Heartland Financial USA by 10.5% during the 1st quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock valued at $105,000 after purchasing an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Heartland Financial USA by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after purchasing an additional 195 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Heartland Financial USA by 1,973.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after purchasing an additional 2,348 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Heartland Financial USA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock valued at $180,000 after purchasing an additional 572 shares in the last quarter. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Heartland Financial USA during the 2nd quarter valued at approximately $183,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio (DPR) is 14.92%.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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