$116.12 Million in Sales Expected for Heartland Financial USA, Inc. (HTLF) This Quarter
Analysts forecast that Heartland Financial USA, Inc. (NASDAQ:HTLF) will post $116.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $117.38 million and the lowest estimate coming in at $113.78 million. Heartland Financial USA posted sales of $99.62 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.6%. The company is scheduled to announce its next earnings results on Monday, January 29th.
According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $116.12 million for the current financial year, with estimates ranging from $427.73 million to $442.91 million. For the next year, analysts expect that the firm will post sales of $482.39 million per share, with estimates ranging from $476.78 million to $490.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The business had revenue of $109.12 million for the quarter, compared to analysts’ expectations of $115.81 million. During the same quarter in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis.
Several research analysts have weighed in on the company. B. Riley set a $50.00 price objective on Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, November 14th. FBR & Co set a $50.00 price target on Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub lowered Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.33.
Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Heartland Financial USA by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock worth $52,471,000 after acquiring an additional 55,543 shares during the period. Vanguard Group Inc. increased its holdings in Heartland Financial USA by 5.2% in the second quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock worth $48,327,000 after purchasing an additional 50,528 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Heartland Financial USA by 1.9% during the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after acquiring an additional 17,570 shares in the last quarter. State Street Corp increased its holdings in shares of Heartland Financial USA by 48.1% during the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after acquiring an additional 203,277 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Heartland Financial USA by 3.9% during the third quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock valued at $27,613,000 after acquiring an additional 21,070 shares in the last quarter. 46.52% of the stock is currently owned by institutional investors.
Heartland Financial USA (NASDAQ HTLF) traded up $0.65 during mid-day trading on Monday, reaching $50.00. The company’s stock had a trading volume of 71,100 shares, compared to its average volume of 87,406. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The company has a market cap of $1,497.45, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. Heartland Financial USA has a 1 year low of $41.63 and a 1 year high of $52.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio is currently 14.92%.
About Heartland Financial USA
Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.
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