Heartland Financial USA (NASDAQ:HTLF) Posts Quarterly Earnings Results


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Heartland Financial USA (NASDAQ:HTLF) posted its quarterly earnings results on Sunday. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.04), MarketWatch Earnings reports. Heartland Financial USA had a return on equity of 9.66% and a net margin of 21.09%. During the same quarter in the previous year, the company earned $1.03 EPS.

NASDAQ:HTLF traded up $0.31 during trading hours on Tuesday, hitting $45.61. The company had a trading volume of 10,982 shares, compared to its average volume of 184,524. The company has a market capitalization of $1.68 billion, a PE ratio of 12.51 and a beta of 1.32. The stock has a 50-day moving average price of $42.61 and a 200 day moving average price of $36.11. Heartland Financial USA has a 52 week low of $25.26 and a 52 week high of $51.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be issued a $0.22 dividend. The ex-dividend date is Thursday, February 11th. This represents a $0.88 annualized dividend and a yield of 1.93%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.20. Heartland Financial USA’s payout ratio is 19.32%.

Several brokerages have recently issued reports on HTLF. Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, January 6th. TheStreet upgraded shares of Heartland Financial USA from a “c+” rating to a “b-” rating in a report on Monday, November 2nd. Piper Sandler raised their target price on shares of Heartland Financial USA from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Finally, DA Davidson upgraded shares of Heartland Financial USA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $38.00 to $49.00 in a report on Thursday, December 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.67.

In related news, Director Robert B. Engel purchased 1,524 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were acquired at an average price of $32.51 per share, for a total transaction of $49,545.24. Also, Chairman Lynn B. Fuller purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average price of $32.18 per share, for a total transaction of $64,360.00. The disclosure for this purchase can be found here. Insiders own 6.50% of the company’s stock.

About Heartland Financial USA

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, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.

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Earnings History for Heartland Financial USA (NASDAQ:HTLF)

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