Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to announce earnings per share (EPS) of $0.95 for the current quarter, Zacks reports. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.98. Heartland Financial USA reported earnings of $0.72 per share during the same quarter last year, which indicates a positive year over year growth rate of 31.9%. The firm is scheduled to report its next earnings report on Monday, October 29th.

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

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

HTLF has been the topic of several recent analyst reports. BidaskClub upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Stephens initiated coverage on shares of Heartland Financial USA in a report on Thursday, June 14th. They issued an “equal weight” rating on the stock. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, Raymond James lowered shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Heartland Financial USA has an average rating of “Hold” and an average price target of $56.50.

In other news, EVP Andrew E. Townsend sold 1,500 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $60.65, for a total transaction of $90,975.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John K. Schmidt sold 20,000 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $56.20, for a total transaction of $1,124,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,833 shares of company stock worth $2,196,955. 6.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Heartland Financial USA by 26.8% during the second quarter. BlackRock Inc. now owns 1,994,517 shares of the bank’s stock valued at $109,398,000 after purchasing an additional 421,481 shares during the period. FMR LLC raised its holdings in shares of Heartland Financial USA by 23.7% during the second quarter. FMR LLC now owns 1,363,391 shares of the bank’s stock valued at $74,782,000 after purchasing an additional 260,870 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Heartland Financial USA by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,161,372 shares of the bank’s stock valued at $63,702,000 after purchasing an additional 19,309 shares during the period. Earnest Partners LLC raised its holdings in shares of Heartland Financial USA by 18.6% during the first quarter. Earnest Partners LLC now owns 1,153,425 shares of the bank’s stock valued at $61,189,000 after purchasing an additional 180,888 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Heartland Financial USA by 0.3% during the first quarter. Northern Trust Corp now owns 949,386 shares of the bank’s stock valued at $50,366,000 after purchasing an additional 3,194 shares during the period. Hedge funds and other institutional investors own 52.57% of the company’s stock.

Shares of Heartland Financial USA stock traded down $0.10 during trading on Monday, hitting $61.25. The company’s stock had a trading volume of 101,608 shares, compared to its average volume of 152,947. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. Heartland Financial USA has a 52 week low of $42.10 and a 52 week high of $61.95. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.72 and a beta of 0.74.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 10th will be issued a $0.14 dividend. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, August 9th. This represents a $0.56 annualized dividend and a yield of 0.91%. Heartland Financial USA’s payout ratio is presently 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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