Analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will report $138.73 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $139.50 million and the lowest estimate coming in at $137.78 million. Heartland Financial USA posted sales of $114.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 20.8%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, October 29th.
According to Zacks, analysts expect that Heartland Financial USA will report full year sales of $525.46 million for the current year, with estimates ranging from $520.77 million to $528.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $568.21 million, with estimates ranging from $559.44 million to $580.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, July 23rd. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). Heartland Financial USA had a net margin of 16.67% and a return on equity of 9.06%. The firm had revenue of $129.04 million during the quarter, compared to the consensus estimate of $129.51 million. During the same quarter last year, the firm posted $0.81 EPS.
Several research analysts recently weighed in on the stock. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Raymond James cut shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.60.
In related news, Director Martin J. Schmitz sold 2,802 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $60.00, for a total value of $168,120.00. Following the completion of the transaction, the director now owns 68,637 shares in the company, valued at approximately $4,118,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew E. Townsend sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $60.65, for a total transaction of $90,975.00. The disclosure for this sale can be found here. Insiders sold a total of 32,833 shares of company stock valued at $1,982,655 in the last 90 days. 6.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Heartland Financial USA by 26.8% during the 2nd quarter. BlackRock Inc. now owns 1,994,517 shares of the bank’s stock worth $109,398,000 after acquiring an additional 421,481 shares during the period. FMR LLC grew its holdings in Heartland Financial USA by 23.7% during the 2nd quarter. FMR LLC now owns 1,363,391 shares of the bank’s stock worth $74,782,000 after acquiring an additional 260,870 shares during the period. Earnest Partners LLC grew its holdings in Heartland Financial USA by 18.6% during the 1st quarter. Earnest Partners LLC now owns 1,153,425 shares of the bank’s stock worth $61,189,000 after acquiring an additional 180,888 shares during the period. Millennium Management LLC acquired a new stake in Heartland Financial USA during the 2nd quarter worth $6,098,000. Finally, Accredited Investors Inc. grew its holdings in Heartland Financial USA by 128.4% during the 2nd quarter. Accredited Investors Inc. now owns 128,678 shares of the bank’s stock worth $7,058,000 after acquiring an additional 72,340 shares during the period. Hedge funds and other institutional investors own 51.55% of the company’s stock.
Shares of NASDAQ:HTLF traded down $0.43 during trading on Friday, reaching $54.02. The stock had a trading volume of 66,700 shares, compared to its average volume of 130,566. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21. Heartland Financial USA has a 52 week low of $46.50 and a 52 week high of $61.95. The stock has a market capitalization of $1.90 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 15th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 18.67%.
About Heartland Financial USA
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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