Equities analysts forecast that Heartland Financial USA Inc (NASDAQ:HTLF) will report $115.56 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $117.77 million and the lowest estimate coming in at $113.90 million. Heartland Financial USA posted sales of $98.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.8%. The company is scheduled to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $115.56 million for the current year, with estimates ranging from $504.30 million to $525.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $562.45 million per share, with estimates ranging from $547.60 million to $576.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Heartland Financial USA had a net margin of 16.16% and a return on equity of 10.02%. The firm had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. During the same period in the prior year, the company posted $0.74 EPS.
HTLF has been the topic of a number of analyst reports. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. B. Riley set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, November 14th. BidaskClub lowered shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Heartland Financial USA in a research note on Thursday, December 14th. Finally, Zacks Investment Research raised shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, December 19th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Heartland Financial USA has a consensus rating of “Hold” and an average price target of $57.00.
Heartland Financial USA (HTLF) traded up $0.75 during trading hours on Wednesday, hitting $53.60. 233,762 shares of the stock were exchanged, compared to its average volume of 102,995. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Heartland Financial USA has a 12 month low of $42.10 and a 12 month high of $56.40. The company has a market cap of $1,583.04, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.40 and a beta of 0.75.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.13 dividend. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, February 15th. Heartland Financial USA’s dividend payout ratio is currently 19.55%.
Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its stake in Heartland Financial USA by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after acquiring an additional 195 shares in the last quarter. Mosaic Family Wealth LLC bought a new position in Heartland Financial USA during the fourth quarter worth $182,000. Eqis Capital Management Inc. bought a new position in Heartland Financial USA during the fourth quarter worth $216,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Heartland Financial USA by 41.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock worth $220,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Teton Advisors Inc. bought a new position in Heartland Financial USA during the third quarter worth $222,000. 48.79% of the stock is currently owned by institutional investors.
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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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