$0.87 EPS Expected for Heartland Financial USA Inc (HTLF) This Quarter

Equities analysts expect Heartland Financial USA Inc (NASDAQ:HTLF) to post $0.87 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Heartland Financial USA’s earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.86. Heartland Financial USA reported earnings of $0.68 per share during the same quarter last year, which suggests a positive year over year growth rate of 27.9%. The business is expected to report its next quarterly earnings report after the market closes on Monday, April 30th.

On average, analysts expect that Heartland Financial USA will report full-year earnings of $3.84 per share for the current year, with EPS estimates ranging from $3.60 to $4.06. For the next fiscal year, analysts forecast that the firm will post earnings of $4.29 per share, with EPS estimates ranging from $3.95 to $4.63. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Heartland Financial USA.

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Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, January 29th. The bank reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Heartland Financial USA had a net margin of 16.16% and a return on equity of 9.64%. The company had revenue of $118.38 million for the quarter, compared to the consensus estimate of $116.31 million. During the same quarter in the previous year, the company earned $0.74 EPS.

Several research analysts recently issued reports on the stock. BidaskClub downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, December 19th. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Piper Jaffray reiterated a “buy” rating on shares of Heartland Financial USA in a research report on Friday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $58.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $56.50.

NASDAQ HTLF traded up $0.35 on Wednesday, hitting $52.40. 23,581 shares of the company were exchanged, compared to its average volume of 133,553. The company has a market cap of $1,616.37, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.36 and a beta of 0.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. Heartland Financial USA has a 1-year low of $42.10 and a 1-year high of $56.40.

In other Heartland Financial USA news, EVP Kelly J. Johnson sold 2,026 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $53.05, for a total transaction of $107,479.30. Following the completion of the sale, the executive vice president now directly owns 6,038 shares of the company’s stock, valued at approximately $320,315.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kurt Saylor sold 22,500 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $53.21, for a total value of $1,197,225.00. The disclosure for this sale can be found here. Insiders have sold a total of 102,026 shares of company stock valued at $5,514,379 over the last three months. Company insiders own 9.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth LLC bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at about $182,000. Eqis Capital Management Inc. bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at about $216,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Heartland Financial USA by 41.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,288 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at about $222,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at about $241,000. 52.48% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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