Heartland Financial USA Inc (HTLF) Expected to Post Quarterly Sales of $115.56 Million

Analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will report $115.56 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Heartland Financial USA’s earnings, with estimates ranging from $113.90 million to $117.77 million. Heartland Financial USA reported sales of $98.92 million in the same quarter last year, which indicates a positive year over year growth rate of 16.8%. The business is scheduled to issue its next earnings results on Monday, April 23rd.

On average, 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 expect that the firm 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 calculations are an average based on a survey of sell-side research firms that cover 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 for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. The firm had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. During the same quarter in the previous year, the business earned $0.74 earnings per share.

A number of analysts recently commented on the company. BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. FBR & Co set a $50.00 price objective on Heartland Financial USA and gave the company a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reiterated a “buy” rating and set a $57.00 price objective on shares of Heartland Financial USA in a research report on Thursday, December 14th. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group cut Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 9th. Five investment 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. The stock presently has an average rating of “Buy” and an average target price of $57.00.

Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Heartland Financial USA by 9.9% during the third quarter. Wells Fargo & Company MN now owns 246,461 shares of the bank’s stock valued at $12,175,000 after acquiring an additional 22,106 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Heartland Financial USA during the fourth quarter valued at about $533,000. IndexIQ Advisors LLC grew its holdings in Heartland Financial USA by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 17,353 shares of the bank’s stock valued at $857,000 after purchasing an additional 7,875 shares during the period. State Street Corp grew its holdings in Heartland Financial USA by 48.1% during the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after purchasing an additional 203,277 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Heartland Financial USA by 54.8% during the second quarter. Parametric Portfolio Associates LLC now owns 67,580 shares of the bank’s stock valued at $3,183,000 after purchasing an additional 23,916 shares during the period. Institutional investors own 48.79% of the company’s stock.

Heartland Financial USA (HTLF) opened at $51.75 on Wednesday. The firm has a market capitalization of $1,541.10, a price-to-earnings ratio of 19.45, a PEG ratio of 1.36 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a one year low of $42.10 and a one year high of $56.40.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s dividend payout ratio is 16.54%.

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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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