Wall Street analysts expect Heartland Financial USA Inc (NASDAQ:HTLF) to announce earnings of $0.94 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Heartland Financial USA’s earnings, with estimates ranging from $0.88 to $0.98. Heartland Financial USA posted earnings per share of $0.85 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The business is expected to report its next earnings results after the market closes on Monday, July 29th.
On average, analysts expect that Heartland Financial USA will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.99. For the next financial year, analysts forecast that the firm will report earnings of $4.03 per share, with EPS estimates ranging from $3.70 to $4.35. Zacks’ EPS averages are an average based on a survey of research analysts that follow Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, April 29th. The bank reported $0.91 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.06). The business had revenue of $129.70 million during the quarter, compared to analyst estimates of $131.55 million. Heartland Financial USA had a net margin of 20.99% and a return on equity of 9.57%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share.
Shares of HTLF traded down $0.20 during mid-day trading on Friday, hitting $43.80. The company’s stock had a trading volume of 138,998 shares, compared to its average volume of 133,586. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50-day moving average of $43.75. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.16 and a beta of 0.95. Heartland Financial USA has a 1-year low of $40.80 and a 1-year high of $61.95.
A number of hedge funds have recently modified their holdings of HTLF. Norges Bank acquired a new position in Heartland Financial USA during the fourth quarter worth $11,912,000. Northern Trust Corp increased its position in Heartland Financial USA by 22.4% during the fourth quarter. Northern Trust Corp now owns 1,379,282 shares of the bank’s stock worth $60,620,000 after buying an additional 252,358 shares in the last quarter. BlackRock Inc. increased its position in Heartland Financial USA by 8.7% during the fourth quarter. BlackRock Inc. now owns 2,252,763 shares of the bank’s stock worth $99,009,000 after buying an additional 180,000 shares in the last quarter. Stifel Financial Corp increased its position in Heartland Financial USA by 32.3% during the fourth quarter. Stifel Financial Corp now owns 276,448 shares of the bank’s stock worth $12,178,000 after buying an additional 67,514 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Heartland Financial USA by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,251,833 shares of the bank’s stock worth $55,018,000 after buying an additional 60,279 shares in the last quarter. 53.55% of the stock is 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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