Heartland Financial USA, Inc. (NASDAQ:HTLF) – Equities research analysts at DA Davidson increased their Q2 2018 EPS estimates for Heartland Financial USA in a note issued to investors on Wednesday, according to Zacks Investment Research. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $0.86 for the quarter, up from their previous estimate of $0.85. DA Davidson also issued estimates for Heartland Financial USA’s Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.50 EPS.
A number of other equities research analysts have also recently commented on the stock. B. Riley set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, November 14th. FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a report on Tuesday, October 3rd. Finally, BidaskClub cut shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.33.
Shares of Heartland Financial USA (HTLF) traded up $0.55 during trading hours on Friday, hitting $51.30. 158,718 shares of the stock were exchanged, compared to its average volume of 89,101. Heartland Financial USA has a 1-year low of $42.10 and a 1-year high of $56.40. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1,519.92, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The firm had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. During the same period in the previous year, the company earned $0.81 earnings per share. Heartland Financial USA’s quarterly revenue was up 12.6% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its stake in shares of Heartland Financial USA by 2.1% during the first quarter. Teachers Advisors LLC now owns 52,350 shares of the bank’s stock valued at $2,615,000 after buying an additional 1,076 shares during the period. Vanguard Group Inc. lifted its stake in shares of Heartland Financial USA by 5.5% during the first quarter. Vanguard Group Inc. now owns 975,526 shares of the bank’s stock valued at $48,728,000 after buying an additional 50,696 shares during the period. Geode Capital Management LLC lifted its stake in shares of Heartland Financial USA by 10.8% during the first quarter. Geode Capital Management LLC now owns 192,703 shares of the bank’s stock valued at $9,625,000 after buying an additional 18,783 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Heartland Financial USA by 10.3% during the first quarter. Renaissance Technologies LLC now owns 167,700 shares of the bank’s stock valued at $8,377,000 after buying an additional 15,700 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in shares of Heartland Financial USA by 10.5% during the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock valued at $105,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 47.88% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.44 annualized dividend and a yield of 0.86%. Heartland Financial USA’s payout ratio is currently 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.
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