Heartland Financial USA Inc (NASDAQ:HTLF) announced a quarterly dividend on Friday, April 21st. Investors of record on Friday, May 19th will be given a dividend of 0.11 per share by the bank on Friday, June 2nd. This represents a $0.44 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, May 17th.
Heartland Financial USA (NASDAQ:HTLF) traded up 0.49% during midday trading on Friday, reaching $50.90. 78,375 shares of the company traded hands. The firm has a 50 day moving average of $49.31 and a 200-day moving average of $45.23. Heartland Financial USA has a 12 month low of $30.91 and a 12 month high of $51.70. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 15.81 and a beta of 0.65.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, January 30th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Heartland Financial USA had a net margin of 18.26% and a return on equity of 11.74%. The company earned $99.62 million during the quarter, compared to analysts’ expectations of $101.74 million. During the same quarter in the prior year, the company posted $0.67 EPS. Analysts forecast that Heartland Financial USA will post $3.09 EPS for the current fiscal year.
In related news, EVP Douglas J. Horstmann sold 10,000 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $49.00, for a total transaction of $490,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Cox, Jr. sold 2,497 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $45.60, for a total transaction of $113,863.20. The disclosure for this sale can be found here. Company insiders own 12.63% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Monday, March 13th. FBR & Co reiterated a “marketperform” rating on shares of Heartland Financial USA in a research report on Monday, January 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.40.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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