Heartland Financial USA Inc (HTLF) Expected to Announce Earnings of $0.87 Per Share

Brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to announce $0.87 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Heartland Financial USA’s earnings. The lowest EPS estimate is $0.86 and the highest is $0.89. Heartland Financial USA reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.9%. The business is scheduled to announce its next quarterly earnings results on Monday, April 23rd.

On average, analysts expect that Heartland Financial USA will report full-year earnings of $3.77 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $4.02. For the next year, analysts anticipate that the company will report earnings of $4.30 per share, with EPS estimates ranging from $3.95 to $4.63. Zacks’ earnings per share 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 posted its quarterly earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. The business had revenue of $118.38 million for the quarter, compared to analyst estimates of $116.31 million. During the same period last year, the company earned $0.74 EPS.

Several equities analysts recently issued reports on HTLF shares. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Piper Jaffray Companies restated a “buy” rating and set a $57.00 price target on shares of Heartland Financial USA in a research report on Thursday, December 14th. B. Riley restated a “hold” rating and set a $50.00 price target on shares of Heartland Financial USA in a research report on Wednesday, December 13th. Finally, FBR & Co set a $50.00 price target on Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Five 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. Heartland Financial USA currently has a consensus rating of “Buy” and an average target price of $57.00.

Heartland Financial USA (HTLF) traded up $0.68 on Monday, reaching $51.65. The company had a trading volume of 93,200 shares, compared to its average volume of 139,213. 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 fifty-two week low of $42.10 and a fifty-two week high of $56.40. The company has a market cap of $1,547.09, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.37 and a beta of 0.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.52 annualized dividend and a yield of 1.01%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s dividend payout ratio (DPR) is 16.54%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its stake in shares of Heartland Financial USA by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after purchasing an additional 195 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Heartland Financial USA by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,225 shares of the bank’s stock valued at $859,000 after purchasing an additional 530 shares during the period. ETRADE Capital Management LLC lifted its stake in shares of Heartland Financial USA by 25.1% in the 3rd quarter. ETRADE Capital Management LLC now owns 5,741 shares of the bank’s stock valued at $284,000 after purchasing an additional 1,153 shares during the period. American International Group Inc. lifted its stake in shares of Heartland Financial USA by 8.1% in the 3rd quarter. American International Group Inc. now owns 16,467 shares of the bank’s stock valued at $813,000 after purchasing an additional 1,231 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Heartland Financial USA by 41.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,288 shares during the period. Institutional investors and hedge funds own 48.79% of the company’s stock.

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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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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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