Heartland Financial USA, Inc. (NASDAQ:HTLF) – Analysts at DA Davidson lifted their Q3 2018 earnings per share estimates for Heartland Financial USA in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Rulis now expects that the bank will earn $0.90 per share for the quarter, up from their prior estimate of $0.88. DA Davidson also issued estimates for Heartland Financial USA’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $3.70 EPS.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The firm had revenue of $109.12 million during the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share.

Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $57.00 target price on shares of Heartland Financial USA in a research note on Thursday. B. Riley reiterated a “hold” rating and set a $50.00 target price on shares of Heartland Financial USA in a research note on Wednesday. BidaskClub downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday. FBR & Co set a $50.00 target price on shares of Heartland Financial USA and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Heartland Financial USA presently has an average rating of “Hold” and a consensus price target of $52.00.

Shares of Heartland Financial USA (NASDAQ:HTLF) traded down $0.20 during mid-day trading on Friday, hitting $51.00. 97,800 shares of the company were exchanged, compared to its average volume of 89,487. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1,533.39, a P/E ratio of 17.36, a P/E/G ratio of 1.71 and a beta of 0.69. Heartland Financial USA has a 12-month low of $42.10 and a 12-month high of $56.40.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its position in Heartland Financial USA by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after acquiring an additional 195 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Heartland Financial USA by 1,973.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,348 shares during the last quarter. Victory Capital Management Inc. lifted its position in Heartland Financial USA by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock valued at $180,000 after acquiring an additional 572 shares during the last quarter. Pittenger & Anderson Inc. purchased a new stake in Heartland Financial USA in the second quarter valued at $183,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Heartland Financial USA by 41.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,288 shares during the last quarter. 47.88% of the stock is owned by hedge funds and other institutional investors.

The business also recently declared a None dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be given a $0.07 dividend. The ex-dividend date is Thursday, December 21st. This is a boost from Heartland Financial USA’s previous None dividend of $0.05. This represents a yield of 0.86%. Heartland Financial USA’s payout ratio is 14.92%.

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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.

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

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