Heartland Financial USA Inc (NASDAQ:HTLF) – Equities researchers at DA Davidson issued their Q3 2020 earnings per share estimates for Heartland Financial USA in a research note issued on Tuesday, July 28th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $0.91 for the quarter. DA Davidson currently has a “Neutral” rating and a $37.00 price target on the stock. DA Davidson also issued estimates for Heartland Financial USA’s FY2020 earnings at $3.22 EPS and FY2021 earnings at $3.50 EPS.
HTLF has been the topic of several other research reports. BidaskClub lowered Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.67.
HTLF opened at $31.24 on Friday. The stock’s 50-day moving average price is $31.29 and its 200 day moving average price is $36.13. Heartland Financial USA has a 12-month low of $25.26 and a 12-month high of $51.85. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.38 and a beta of 1.26.
Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, July 27th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.37. Heartland Financial USA had a return on equity of 8.99% and a net margin of 19.00%. The firm had revenue of $154.78 million for the quarter, compared to analyst estimates of $141.79 million. During the same quarter in the prior year, the company earned $1.26 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of HTLF. Nisa Investment Advisors LLC increased its holdings in Heartland Financial USA by 89.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 740 shares of the bank’s stock worth $25,000 after purchasing an additional 350 shares during the period. Aigen Investment Management LP increased its holdings in Heartland Financial USA by 167.1% during the 1st quarter. Aigen Investment Management LP now owns 1,031 shares of the bank’s stock worth $31,000 after purchasing an additional 645 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in shares of Heartland Financial USA in the 2nd quarter valued at about $35,000. Meeder Asset Management Inc. purchased a new position in shares of Heartland Financial USA in the 1st quarter valued at about $57,000. Finally, First Bank & Trust increased its holdings in shares of Heartland Financial USA by 1,707.8% in the 1st quarter. First Bank & Trust now owns 2,097 shares of the bank’s stock valued at $63,000 after acquiring an additional 1,981 shares during the last quarter. Institutional investors own 55.92% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Saturday, August 29th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.80 annualized dividend and a yield of 2.56%. Heartland Financial USA’s dividend payout ratio (DPR) is 19.32%.
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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