Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to post earnings of $0.81 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.78. Heartland Financial USA reported earnings of $0.74 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 29th.
On average, analysts expect that Heartland Financial USA will report full year earnings of $3.02 per share for the current year, with EPS estimates ranging from $3.00 to $3.04. For the next year, analysts expect that the business will report earnings of $3.74 per share, with EPS estimates ranging from $3.49 to $4.08. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The company had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. Heartland Financial USA’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.81 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of Heartland Financial USA by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after purchasing an additional 195 shares during the last quarter. Legal & General Group Plc raised its position in shares of Heartland Financial USA by 7.1% during the second quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock worth $282,000 after purchasing an additional 394 shares during the period. JPMorgan Chase & Co. raised its position in shares of Heartland Financial USA by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 96,250 shares of the bank’s stock worth $4,533,000 after purchasing an additional 413 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Heartland Financial USA by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 18,225 shares of the bank’s stock worth $859,000 after purchasing an additional 530 shares during the period. Finally, ETRADE Capital Management LLC raised its position in shares of Heartland Financial USA by 25.1% during the third quarter. ETRADE Capital Management LLC now owns 5,741 shares of the bank’s stock worth $284,000 after purchasing an additional 1,153 shares during the period. 47.99% of the stock is currently owned by institutional investors.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded down $0.05 on Friday, hitting $55.00. 14,835 shares of the company’s stock were exchanged, compared to its average volume of 144,509. The firm has a market cap of $1,648.93, a price-to-earnings ratio of 18.66, a PEG ratio of 1.47 and a beta of 0.69. Heartland Financial USA has a 52 week low of $42.10 and a 52 week high of $56.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 15th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s dividend payout ratio (DPR) is 14.92%.
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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