Wall Street analysts expect Heartland Financial USA, Inc. (NASDAQ: HTLF) to report sales of $ 175.15 million for the current quarter, according to Zacks Investment Research. Two analysts have estimated Heartland Financial USA’s earnings. The highest sales estimate is $ 175.29 million and the lowest is $ 175.00 million. Heartland Financial USA reported sales of $ 165.20 million in the same quarter last year, indicating a positive growth rate of 6% year-over-year. The company is expected to release its next results on Monday, January 24.
On average, analysts expect Heartland Financial USA to report annual revenue of $ 694.93 million for the current year, with estimates ranging from $ 689.85 million to $ 700.00. millions of dollars. For next year, analysts predict the company will post sales of $ 700.09 million, with estimates ranging from $ 694.00 million to $ 706.17 million. Zacks sales averages are an average based on a survey of research companies that cover Heartland Financial USA.
Heartland Financial USA (NASDAQ: HTLF) last released its quarterly earnings data on Sunday, October 24. The bank announced EPS of $ 1.27 for the quarter, beating the Zacks’ consensus estimate of $ 1.23 by $ 0.04. Heartland Financial USA reported a return on equity of 10.55% and a net margin of 29.14%. The company posted revenue of $ 175.27 million in the quarter, compared to analysts’ expectations of $ 172.82 million. During the same period of the previous year, the company made earnings per share of $ 1.29.
HTLF has been the subject of several research reports. Keefe, Bruyette & Woods upgraded Heartland Financial USA from a “market performance” rating to an “outperformance” rating and set a price target of $ 60.00 for the company in a research report released on Tuesday. September 7. Stephens upgraded Heartland Financial USA from an “equal weight” to an “overweight” rating and set a price target of $ 60.00 on the stock in a research note on Tuesday, October 26. Finally, Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a Monday November 1 research note.
Institutional investors have recently changed their positions in the company. Whittier Trust Co. acquired a new position in Heartland Financial USA shares in Q3 valued at $ 25,000. Koshinski Asset Management Inc. acquired a new position in Heartland Financial USA shares in Q3 valued at $ 54,000. First Horizon Advisors Inc. increased its stake in Heartland Financial USA shares by 388.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 259 shares of the bank valued at $ 61,000 after purchasing 206 more shares in the last quarter. IMA Wealth Inc. acquired a new position in Heartland Financial USA shares in the 3rd quarter valued at $ 94,000. Finally, Amundi Pioneer Asset Management Inc. acquired in the 1st quarter a new position in Heartland Financial USA shares for a value of $ 124,000. 60.03% of the shares are currently held by institutional investors and hedge funds.
Shares of HTLF opened at $ 50.42 on Friday. The company has a debt to equity ratio of 0.18, a quick ratio of 0.61, and a current ratio of 0.61. Heartland Financial USA has a one-year low of $ 36.71 and a one-year high of $ 54.03. The stock has a market cap of $ 2.13 billion, a price-to-earnings ratio of 10.37 and a beta of 1.26. The stock has a 50-day moving average price of $ 50.39 and a 200-day moving average price of $ 48.41.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Monday, November 15, received a dividend of $ 0.27. This represents an annualized dividend of $ 1.08 and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, November 12. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $ 0.25. Heartland Financial USA’s dividend payout ratio is 22.22%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc. operates as a bank holding company. The company provides commercial banking services. It also carries out community banking activities. The company was founded in 1981 and its headquarters are in Dubuque, IA.
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