Heartland Financial USA, Inc. (NASDAQ:HTLF) – Analysts at DA Davidson boosted their Q4 2017 EPS estimates for shares of Heartland Financial USA in a research note issued on Tuesday. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.72. DA Davidson also issued estimates for Heartland Financial USA’s FY2018 earnings at $3.40 EPS and FY2019 earnings at $3.40 EPS.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 10.42%. The business had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. During the same period last year, the company earned $0.81 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year.

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HTLF has been the topic of several other reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 target price on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, FBR & Co set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.50.

Heartland Financial USA (HTLF) opened at $49.60 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market capitalization of $1.49 billion, a PE ratio of 16.92, a P/E/G ratio of 1.66 and a beta of 0.70.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position 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 valued at $48,327,000 after buying an additional 50,528 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Heartland Financial USA by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,006,623 shares of the bank’s stock valued at $47,413,000 after buying an additional 40,822 shares in the last quarter. Northern Trust Corp boosted its position in Heartland Financial USA by 1.9% in the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after buying an additional 17,570 shares in the last quarter. State Street Corp lifted its position 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 worth $29,489,000 after purchasing an additional 203,277 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Heartland Financial USA by 0.4% during the third quarter. Prudential Financial Inc. now owns 309,515 shares of the bank’s stock worth $15,290,000 after purchasing an additional 1,380 shares in the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 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.

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

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