Heartland Financial USA, Inc. to Post FY2017 Earnings of $3.00 Per Share, B. Riley Forecasts (HTLF)
Heartland Financial USA, Inc. (NASDAQ:HTLF) – Research analysts at B. Riley upped their FY2017 earnings per share (EPS) estimates for shares of Heartland Financial USA in a note issued to investors on Thursday. B. Riley analyst S. Moss now forecasts that the bank will post earnings per share of $3.00 for the year, up from their prior forecast of $2.99. B. Riley has a “Hold” rating and a $50.00 price objective on the stock. B. Riley also issued estimates for Heartland Financial USA’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.86 EPS, Q4 2019 earnings at $1.05 EPS and FY2019 earnings at $4.25 EPS.
HTLF has been the subject of several other research reports. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Raymond James Financial reissued an “outperform” rating and set a $58.00 price objective on shares of Heartland Financial USA in a research report on Tuesday. They noted that the move was a valuation call. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. Zacks Investment Research raised Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, December 19th. Finally, BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Heartland Financial USA presently has a consensus rating of “Buy” and an average price target of $54.50.
Heartland Financial USA (NASDAQ:HTLF) opened at $55.00 on Friday. Heartland Financial USA has a 12-month low of $42.10 and a 12-month high of $56.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $1,660.00, a PE ratio of 18.58, a P/E/G ratio of 1.53 and a beta of 0.69.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The business had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. During the same quarter in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year.
The company also recently declared a None dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were issued a $0.07 dividend. This is a boost from Heartland Financial USA’s previous None dividend of $0.05. The ex-dividend date was Thursday, December 21st. This represents a yield of 0.86%. Heartland Financial USA’s dividend payout ratio is 14.86%.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Heartland Financial USA by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock valued at $52,471,000 after acquiring an additional 55,543 shares in the last quarter. Vanguard Group Inc. raised its holdings in Heartland Financial USA by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock valued at $48,327,000 after acquiring an additional 50,528 shares in the last quarter. Northern Trust Corp raised its holdings in Heartland Financial USA by 1.9% in the 2nd quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after acquiring an additional 17,570 shares in the last quarter. State Street Corp raised its holdings in Heartland Financial USA by 48.1% in the 2nd quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after acquiring an additional 203,277 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Heartland Financial USA by 3.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock valued at $27,613,000 after acquiring an additional 21,070 shares in the last quarter. 47.88% of the stock is owned by hedge funds and other institutional investors.
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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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