Heartland Financial USA, Inc. (HTLF) Expected to Post Earnings of $0.72 Per Share
Wall Street analysts expect that Heartland Financial USA, Inc. (NASDAQ:HTLF) will report earnings per share of $0.72 for the current quarter, Zacks reports. Three analysts have provided estimates for Heartland Financial USA’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.76. Heartland Financial USA posted earnings of $0.81 per share in the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The business is expected to issue its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that Heartland Financial USA will report full year earnings of $2.99 per share for the current year, with EPS estimates ranging from $2.95 to $3.04. For the next year, analysts forecast that the business will report earnings of $3.36 per share, with EPS estimates ranging from $3.15 to $3.57. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $100.20 million for the quarter, compared to analyst estimates of $103.48 million. Heartland Financial USA had a net margin of 18.38% and a return on equity of 10.48%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS.
Several research analysts have recently issued reports on HTLF shares. Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 7th. BidaskClub cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $52.67.
Shares of Heartland Financial USA (HTLF) traded down 0.44% during midday trading on Friday, hitting $45.30. 110,953 shares of the company’s stock traded hands. The company has a 50 day moving average of $45.58 and a 200 day moving average of $47.46. Heartland Financial USA has a 52 week low of $35.02 and a 52 week high of $52.65. The stock has a market cap of $1.36 billion, a P/E ratio of 14.86 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $0.11 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.97%. Heartland Financial USA’s payout ratio is 14.47%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Heartland Financial USA by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 51,274 shares of the bank’s stock valued at $2,461,000 after buying an additional 2,725 shares during the last quarter. Bank of Montreal Can boosted its position in Heartland Financial USA by 5.9% in the first quarter. Bank of Montreal Can now owns 51,893 shares of the bank’s stock valued at $2,591,000 after buying an additional 2,873 shares during the last quarter. Nationwide Fund Advisors boosted its position in Heartland Financial USA by 32.2% in the first quarter. Nationwide Fund Advisors now owns 52,044 shares of the bank’s stock valued at $2,600,000 after buying an additional 12,667 shares during the last quarter. Shell Asset Management Co. acquired a new position in Heartland Financial USA during the first quarter valued at about $1,136,000. Finally, Wells Fargo & Company MN boosted its position in Heartland Financial USA by 24.9% in the first quarter. Wells Fargo & Company MN now owns 138,621 shares of the bank’s stock valued at $6,925,000 after buying an additional 27,615 shares during the last quarter. 42.41% of the stock is owned by 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.
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