Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to report sales of $135.23 million for the current quarter, according to Zacks. Three analysts have made estimates for Heartland Financial USA’s earnings. The highest sales estimate is $138.00 million and the lowest is $132.08 million. Heartland Financial USA posted sales of $116.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The company is expected to announce its next quarterly earnings results on Monday, April 29th.

On average, analysts expect that Heartland Financial USA will report full-year sales of $559.19 million for the current financial year, with estimates ranging from $544.86 million to $572.30 million. For the next financial year, analysts forecast that the company will report sales of $590.65 million, with estimates ranging from $581.70 million to $607.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, January 28th. The bank reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The business had revenue of $137.30 million for the quarter, compared to the consensus estimate of $139.99 million. Heartland Financial USA had a return on equity of 9.79% and a net margin of 20.35%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS.

A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, BidaskClub cut shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $58.00.

Shares of NASDAQ:HTLF traded up $0.47 during trading on Wednesday, reaching $47.75. The stock had a trading volume of 51,843 shares, compared to its average volume of 95,309. Heartland Financial USA has a 52 week low of $41.88 and a 52 week high of $61.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.63 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.14. Heartland Financial USA’s payout ratio is 15.91%.

In related news, Director Kurt Saylor sold 5,260 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $54.44, for a total value of $286,354.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Michael Mccoy purchased 2,015 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average cost of $49.41 per share, with a total value of $99,561.15. The disclosure for this purchase can be found here. Insiders sold 18,000 shares of company stock valued at $968,066 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Connable Office Inc. acquired a new stake in shares of Heartland Financial USA in the third quarter valued at approximately $291,000. Walthausen & Co. LLC acquired a new stake in shares of Heartland Financial USA in the third quarter valued at approximately $11,240,000. FMR LLC increased its holdings in shares of Heartland Financial USA by 29.4% in the third quarter. FMR LLC now owns 1,764,891 shares of the bank’s stock valued at $102,452,000 after purchasing an additional 401,500 shares in the last quarter. Dubuque Bank & Trust Co. increased its holdings in shares of Heartland Financial USA by 2.9% in the third quarter. Dubuque Bank & Trust Co. now owns 1,786,028 shares of the bank’s stock valued at $103,679,000 after purchasing an additional 49,944 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Heartland Financial USA by 48.6% in the third quarter. Vanguard Group Inc now owns 2,045,793 shares of the bank’s stock valued at $118,759,000 after purchasing an additional 668,960 shares in the last quarter. 55.03% of the stock is owned by institutional investors and hedge funds.

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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