Heartland Financial USA Inc (NASDAQ:HTLF) – Analysts at B. Riley boosted their FY2017 earnings per share estimates for Heartland Financial USA in a research note issued to investors on Thursday, Zacks Investment Research reports. 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 estimate of $2.99. B. Riley has a “Hold” rating and a $59.00 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.
A number of other analysts have also recently issued reports on the company. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies reissued a “buy” rating and issued a $63.00 target price on shares of Heartland Financial USA in a research report on Tuesday, January 30th. BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Raymond James Financial reissued an “outperform” rating and issued a $58.00 target price on shares of Heartland Financial USA in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, UBS Group downgraded Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Heartland Financial USA has a consensus rating of “Buy” and an average price target of $57.00.
Shares of Heartland Financial USA (HTLF) traded down $1.85 during midday trading on Friday, hitting $51.30. The company had a trading volume of 137,734 shares, compared to its average volume of 149,781. The firm has a market cap of $1,580.00, a PE ratio of 19.29, a PEG ratio of 1.41 and a beta of 0.75. 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 1 year low of $42.10 and a 1 year high of $56.40.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. During the same period in the prior year, the firm posted $0.74 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, February 15th. Heartland Financial USA’s dividend payout ratio is 16.54%.
Several hedge funds have recently modified their holdings of HTLF. Ameritas Investment Partners Inc. raised its stake in shares of Heartland Financial USA by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after buying an additional 195 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Heartland Financial USA by 1,973.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock worth $116,000 after buying an additional 2,348 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Heartland Financial USA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after buying an additional 572 shares in the last quarter. ETRADE Capital Management LLC purchased a new position in shares of Heartland Financial USA during the 2nd quarter worth approximately $216,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Heartland Financial USA during the 4th quarter worth approximately $216,000. 48.00% of the stock is owned by institutional investors and hedge funds.
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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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