Research Analysts Offer Predictions for Heartland Financial USA Inc’s Q2 2019 Earnings (HTLF)

Heartland Financial USA Inc (NASDAQ:HTLF) – Stock analysts at DA Davidson issued their Q2 2019 earnings estimates for Heartland Financial USA in a research note issued to investors on Tuesday, October 30th. DA Davidson analyst J. Rulis expects that the bank will earn $1.00 per share for the quarter. DA Davidson also issued estimates for Heartland Financial USA’s Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $0.99 EPS and FY2020 earnings at $4.05 EPS.

Several other research analysts have also recently weighed in on the company. Raymond James cut Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Heartland Financial USA currently has an average rating of “Hold” and a consensus target price of $59.50.

Shares of NASDAQ:HTLF opened at $53.14 on Thursday. Heartland Financial USA has a 52-week low of $46.50 and a 52-week high of $61.95. The stock has a market capitalization of $1.86 billion, a PE ratio of 17.71, a PEG ratio of 1.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.80.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.02. Heartland Financial USA had a return on equity of 9.91% and a net margin of 17.94%. The firm had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $138.73 million. During the same period last year, the business posted $0.72 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, November 15th. Heartland Financial USA’s dividend payout ratio is currently 18.67%.

In other news, Director Martin J. Schmitz sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $60.25, for a total value of $482,000.00. Following the completion of the sale, the director now directly owns 68,637 shares in the company, valued at $4,135,379.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kurt Saylor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $60.67, for a total value of $303,350.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,500 shares of company stock valued at $1,482,675. 6.60% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Dubuque Bank & Trust Co. increased its position in shares of Heartland Financial USA by 2.9% in the third quarter. Dubuque Bank & Trust Co. now owns 1,786,028 shares of the bank’s stock valued at $103,679,000 after buying an additional 49,944 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of Heartland Financial USA by 48.1% in the third quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock valued at $219,000 after buying an additional 1,223 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Heartland Financial USA by 28.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 33,170 shares of the bank’s stock valued at $1,926,000 after buying an additional 7,259 shares in the last quarter. First Trust Advisors LP increased its position in shares of Heartland Financial USA by 15.0% in the third quarter. First Trust Advisors LP now owns 88,565 shares of the bank’s stock valued at $5,141,000 after buying an additional 11,583 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Heartland Financial USA by 5.0% in the second quarter. Northern Trust Corp now owns 997,250 shares of the bank’s stock valued at $54,699,000 after buying an additional 47,864 shares in the last quarter. Institutional investors and hedge funds own 51.46% of the company’s stock.

About Heartland Financial USA

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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