Analysts Anticipate Heartland Financial USA Inc (HTLF) to Post $1.01 EPS

Brokerages predict that Heartland Financial USA Inc (NASDAQ:HTLF) will post $1.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heartland Financial USA’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.04. Heartland Financial USA reported earnings per share of $0.80 during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.3%. The business is scheduled to announce its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that Heartland Financial USA will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.62. For the next year, analysts expect that the business will report earnings of $4.21 per share, with EPS estimates ranging from $4.00 to $4.36. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, October 29th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 company 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.

A number of equities research analysts have commented on HTLF shares. BidaskClub cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Raymond James cut Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. Finally, ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.50.

Heartland Financial USA stock traded down $0.71 during midday trading on Friday, reaching $54.81. The company’s stock had a trading volume of 57,418 shares, compared to its average volume of 128,969. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.80 and a current ratio of 0.80. Heartland Financial USA has a 52-week low of $47.00 and a 52-week high of $61.95. The stock has a market cap of $1.89 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 15th. Heartland Financial USA’s payout ratio is 18.67%.

In other news, EVP Andrew E. Townsend sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $60.65, for a total value of $90,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin J. Schmitz sold 8,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 68,637 shares of the company’s stock, valued at $4,135,379.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,500 shares of company stock valued at $1,482,675. Company insiders own 6.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Atwood & Palmer Inc. grew its holdings in Heartland Financial USA by 138.6% during the second quarter. Atwood & Palmer Inc. now owns 2,625 shares of the bank’s stock worth $144,000 after acquiring an additional 1,525 shares during the period. MML Investors Services LLC acquired a new stake in Heartland Financial USA during the third quarter worth about $203,000. Commonwealth Equity Services LLC acquired a new stake in Heartland Financial USA during the second quarter worth about $207,000. Amalgamated Bank acquired a new stake in Heartland Financial USA during the second quarter worth about $219,000. Finally, Integrated Investment Consultants LLC grew its holdings in Heartland Financial USA by 48.1% during the third quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock worth $219,000 after acquiring an additional 1,223 shares during the period. 51.52% of the stock is currently owned by hedge funds and other institutional investors.

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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