Heartland Financial USA, Inc. (NASDAQ:HTLF) – Investment analysts at B. Riley increased their FY2017 EPS estimates for shares of Heartland Financial USA in a research report issued on Thursday. B. Riley analyst S. Moss now anticipates that the bank will earn $3.00 per share for the year, up from their prior estimate of $2.99. B. Riley currently has a “Hold” rating and a $50.00 price target 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.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $115.81 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year.
Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a report on Tuesday, December 19th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 target price on shares of Heartland Financial USA in a report on Thursday, December 14th. FBR & Co set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, October 31st. BidaskClub raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $54.50.
Heartland Financial USA (HTLF) opened at $55.00 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a twelve month low of $42.10 and a twelve month high of $56.40. The company has a market cap of $1,633.72, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.48 and a beta of 0.69.
Institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP purchased a new stake in Heartland Financial USA during the 2nd quarter valued at $1,130,000. Wells Fargo & Company MN boosted its position in Heartland Financial USA by 9.9% during the 3rd quarter. Wells Fargo & Company MN now owns 246,461 shares of the bank’s stock valued at $12,175,000 after buying an additional 22,106 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Heartland Financial USA by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after buying an additional 11,397 shares during the period. Northern Trust Corp boosted its position in Heartland Financial USA by 1.9% during the 2nd 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 during the period. Finally, State Street Corp boosted its position in Heartland Financial USA by 48.1% during the 2nd quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after buying an additional 203,277 shares during the period. 47.88% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a None dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a yield of 0.86%. This is a boost from Heartland Financial USA’s previous None dividend of $0.05. Heartland Financial USA’s dividend payout ratio is presently 14.92%.
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Heartland Financial USA Company Profile
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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