Equities analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will announce earnings of $0.95 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.93. Heartland Financial USA posted earnings per share of $0.72 in the same quarter last year, which indicates a positive year over year growth rate of 31.9%. The company is scheduled to announce its next quarterly earnings results on Monday, October 29th.

On average, analysts expect that Heartland Financial USA will report full-year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.65. For the next fiscal year, analysts forecast that the company will post earnings of $4.25 per share, with EPS estimates ranging from $3.95 to $4.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The firm had revenue of $129.04 million during the quarter, compared to analyst estimates of $129.51 million. Heartland Financial USA had a return on equity of 9.06% and a net margin of 16.67%. During the same quarter in the prior year, the company earned $0.81 EPS.

HTLF has been the topic of a number of research reports. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. ValuEngine cut Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Stephens initiated coverage on Heartland Financial USA in a report on Thursday, June 14th. They issued an “equal weight” rating on the stock. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, Raymond James cut Heartland Financial USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Heartland Financial USA currently has a consensus rating of “Hold” and an average price target of $56.50.

In other Heartland Financial USA news, Director Kurt Saylor sold 5,000 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $60.67, for a total transaction of $303,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Martin J. Schmitz sold 5,531 shares of the stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $60.00, for a total value of $331,860.00. Following the sale, the director now owns 68,637 shares in the company, valued at approximately $4,118,220. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,833 shares of company stock worth $1,679,055. 6.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Atwood & Palmer Inc. grew its holdings in Heartland Financial USA by 138.6% during the 2nd quarter. Atwood & Palmer Inc. now owns 2,625 shares of the bank’s stock valued at $144,000 after buying an additional 1,525 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Heartland Financial USA during the 2nd quarter valued at $207,000. Amalgamated Bank acquired a new stake in Heartland Financial USA during the 2nd quarter valued at $219,000. BlueMountain Capital Management LLC grew its holdings in Heartland Financial USA by 32.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 4,246 shares of the bank’s stock valued at $233,000 after buying an additional 1,032 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Heartland Financial USA by 29.9% during the first quarter. Barclays PLC now owns 5,194 shares of the bank’s stock worth $276,000 after purchasing an additional 1,197 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Shares of HTLF traded down $0.45 on Friday, reaching $61.05. The stock had a trading volume of 534,168 shares, compared to its average volume of 114,336. The stock has a market cap of $2.10 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.70 and a beta of 0.73. 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 has a twelve month low of $45.60 and a twelve month high of $61.95.

The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 10th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, August 9th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.13. Heartland Financial USA’s dividend payout ratio is 18.67%.

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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