Wall Street analysts expect Heartland Financial USA Inc (NASDAQ:HTLF) to post sales of $137.90 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Heartland Financial USA’s earnings. The lowest sales estimate is $135.90 million and the highest is $139.90 million. Heartland Financial USA reported sales of $137.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.4%. The company is scheduled to issue its next quarterly earnings report on Monday, January 27th.
On average, analysts expect that Heartland Financial USA will report full year sales of $541.19 million for the current year, with estimates ranging from $536.98 million to $545.40 million. For the next financial year, analysts anticipate that the business will report sales of $565.65 million, with estimates ranging from $557.00 million to $574.30 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $140.72 million for the quarter, compared to analyst estimates of $137.57 million. Heartland Financial USA had a return on equity of 10.20% and a net margin of 23.03%. During the same period last year, the company earned $0.97 EPS.
Shares of NASDAQ HTLF traded down $0.27 during midday trading on Thursday, hitting $47.91. The stock had a trading volume of 67,600 shares, compared to its average volume of 103,770. Heartland Financial USA has a 1-year low of $40.80 and a 1-year high of $55.52. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.61 and a beta of 0.98. The company has a fifty day moving average price of $45.63 and a 200 day moving average price of $44.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 20.45%.
In other Heartland Financial USA news, Director Barry H. Orr sold 13,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $48.13, for a total transaction of $625,690.00. Following the completion of the transaction, the director now owns 244,018 shares in the company, valued at approximately $11,744,586.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bryan Mckeag purchased 1,000 shares of Heartland Financial USA stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of $41.76 per share, with a total value of $41,760.00. The disclosure for this purchase can be found here. Insiders own 6.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in HTLF. Nuveen Asset Management LLC lifted its holdings in shares of Heartland Financial USA by 18.4% in the second quarter. Nuveen Asset Management LLC now owns 888,052 shares of the bank’s stock valued at $39,723,000 after buying an additional 138,029 shares during the period. MidWestOne Financial Group Inc. acquired a new stake in shares of Heartland Financial USA in the second quarter valued at $5,970,000. BlackRock Inc. lifted its holdings in shares of Heartland Financial USA by 5.6% in the second quarter. BlackRock Inc. now owns 2,320,889 shares of the bank’s stock valued at $103,813,000 after buying an additional 122,877 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Heartland Financial USA by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,241,476 shares of the bank’s stock valued at $100,260,000 after buying an additional 80,897 shares during the period. Finally, Maltese Capital Management LLC lifted its holdings in shares of Heartland Financial USA by 122.1% in the second quarter. Maltese Capital Management LLC now owns 100,033 shares of the bank’s stock valued at $4,474,000 after buying an additional 54,998 shares during the period. Institutional investors and hedge funds own 50.88% of the company’s stock.
Heartland Financial USA Company Profile
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.
Featured Story: Why do analysts give a neutral rating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.