Equities analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will post sales of $138.98 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Heartland Financial USA’s earnings, with the lowest sales estimate coming in at $137.78 million and the highest estimate coming in at $139.73 million. Heartland Financial USA posted sales of $114.82 million during the same quarter last year, which suggests a positive year-over-year growth rate of 21%. The company is scheduled to report its next quarterly earnings results on Monday, October 29th.
According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $526.03 million for the current financial year, with estimates ranging from $520.77 million to $528.40 million. For the next financial year, analysts expect that the business will post sales of $568.28 million per share, with estimates ranging from $559.44 million to $580.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, July 23rd. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.05). Heartland Financial USA had a net margin of 16.67% and a return on equity of 9.06%. The company had revenue of $129.04 million for the quarter, compared to analysts’ expectations of $129.51 million. During the same period in the prior year, the company earned $0.81 earnings per share.
HTLF has been the topic of several recent analyst reports. BidaskClub lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Stephens initiated coverage on Heartland Financial USA in a research report on Thursday, June 14th. They set an “equal weight” rating on the stock. Raymond James lowered Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.50.
In other Heartland Financial USA news, Director Martin J. Schmitz sold 5,531 shares of the company’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $60.00, for a total value of $331,860.00. Following the transaction, the director now directly owns 68,637 shares of the company’s stock, valued at approximately $4,118,220. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Martin J. Schmitz sold 2,802 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $60.00, for a total value of $168,120.00. Following the completion of the transaction, the director now directly owns 68,637 shares in the company, valued at $4,118,220. The disclosure for this sale can be found here. Insiders have sold 28,333 shares of company stock worth $1,623,980 over the last three months. 6.60% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of HTLF. Deutsche Bank AG increased its position in Heartland Financial USA by 125.8% in the 4th quarter. Deutsche Bank AG now owns 55,899 shares of the bank’s stock worth $2,998,000 after purchasing an additional 31,144 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Heartland Financial USA by 118.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 82,318 shares of the bank’s stock worth $4,417,000 after purchasing an additional 44,701 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Heartland Financial USA by 24.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,533 shares of the bank’s stock worth $297,000 after purchasing an additional 1,104 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Heartland Financial USA in the 4th quarter worth about $588,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Heartland Financial USA in the 4th quarter worth about $222,000. 55.93% of the stock is currently owned by institutional investors.
Shares of Heartland Financial USA traded up $0.20, hitting $59.90, during mid-day trading on Friday, according to Marketbeat.com. 119,591 shares of the company traded hands, compared to its average volume of 176,523. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $60.55. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.65 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 10th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.93%. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, August 9th. Heartland Financial USA’s payout ratio is presently 18.67%.
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.
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