Equities research analysts predict that Heartland Financial USA, Inc. (NASDAQ:HTLF) will report earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.61. Heartland Financial USA reported earnings of $0.81 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 14.8%. The business is expected to announce its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Heartland Financial USA will report full-year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.68 to $3.04. For the next financial year, analysts expect that the business will report earnings of $3.37 per share, with EPS estimates ranging from $3.15 to $3.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The business had revenue of $100.20 million for the quarter, compared to analyst estimates of $103.48 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year.

A number of equities research analysts recently weighed in on HTLF shares. BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a research report on Thursday, August 3rd. FBR & Co restated a “mkt perform” rating and set a $52.00 price objective (up previously from $50.00) on shares of Heartland Financial USA in a research report on Tuesday, April 25th. Finally, DA Davidson lowered Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Heartland Financial USA currently has a consensus rating of “Hold” and a consensus target price of $52.67.

TRADEMARK VIOLATION NOTICE: “Brokerages Expect Heartland Financial USA, Inc. (HTLF) Will Post Earnings of $0.69 Per Share” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/brokerages-expect-heartland-financial-usa-inc-htlf-will-post-earnings-of-0-69-per-share/1488202.html.

Shares of Heartland Financial USA (NASDAQ:HTLF) traded up 3.40% during trading on Monday, hitting $45.60. The stock had a trading volume of 81,588 shares. The stock has a 50 day moving average price of $46.55 and a 200-day moving average price of $47.66. Heartland Financial USA has a one year low of $35.02 and a one year high of $52.65. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.96 and a beta of 0.65.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, August 9th. Heartland Financial USA’s payout ratio is presently 14.47%.

In related news, CEO Lynn B. Fuller bought 1,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average cost of $44.60 per share, with a total value of $44,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R Michael Mccoy bought 2,030 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $44.67 per share, for a total transaction of $90,680.10. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HTLF. State Street Corp increased its position in shares of Heartland Financial USA by 48.1% in the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after buying an additional 203,277 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Heartland Financial USA by 54.8% in the first quarter. Nuveen Asset Management LLC now owns 532,212 shares of the bank’s stock valued at $26,584,000 after buying an additional 188,436 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Heartland Financial USA during the first quarter valued at approximately $7,258,000. Honkamp Krueger Financial Services Inc. increased its position in shares of Heartland Financial USA by 994.8% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 110,100 shares of the bank’s stock valued at $5,186,000 after buying an additional 100,043 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Heartland Financial USA by 48.0% in the first quarter. Bank of New York Mellon Corp now owns 279,622 shares of the bank’s stock valued at $13,967,000 after buying an additional 90,679 shares during the last quarter. 39.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Heartland Financial USA (HTLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

Receive News & Ratings for Heartland Financial USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.