Wall Street analysts expect Heartland Financial USA Inc (NASDAQ:HTLF) to report sales of $137.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Heartland Financial USA’s earnings. The highest sales estimate is $139.90 million and the lowest is $135.90 million. Heartland Financial USA reported sales of $137.33 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.4%. The firm is expected to report its next earnings results on Monday, January 27th.

On average, analysts expect that Heartland Financial USA will report full year sales of $541.19 million for the current fiscal year, with estimates ranging from $536.98 million to $545.40 million. For the next year, analysts anticipate that the firm will report sales of $565.65 million, with estimates ranging from $557.00 million to $574.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, October 28th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $140.72 million during the quarter, compared to analysts’ expectations of $137.57 million. Heartland Financial USA had a return on equity of 9.92% and a net margin of 23.03%. During the same quarter in the prior year, the firm earned $0.97 EPS.

Several research analysts have recently issued reports on HTLF shares. Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. ValuEngine upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd.

In other news, Director Barry H. Orr sold 13,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $48.13, for a total value of $625,690.00. Following the completion of the sale, the director now owns 244,018 shares of the company’s stock, valued at $11,744,586.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HTLF. First Trust Advisors LP boosted its holdings in Heartland Financial USA by 8.0% in the first quarter. First Trust Advisors LP now owns 123,546 shares of the bank’s stock valued at $5,269,000 after acquiring an additional 9,193 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Heartland Financial USA in the 1st quarter worth about $124,000. Roof Eidam & Maycock ADV bought a new position in shares of Heartland Financial USA in the 2nd quarter worth about $237,000. Creative Planning acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at about $208,000. Finally, Carnick & Kubik Group LLC acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at about $338,000. Institutional investors own 53.53% of the company’s stock.

Shares of HTLF stock traded down $0.99 during mid-day trading on Friday, reaching $45.73. 1,763 shares of the stock traded hands, compared to its average volume of 62,146. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 13.00 and a beta of 0.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $46.72 and its two-hundred day simple moving average is $44.78. Heartland Financial USA has a 1-year low of $40.80 and a 1-year high of $55.20.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.57%. Heartland Financial USA’s dividend payout ratio is 20.45%.

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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