Heartland Financial USA Inc (NASDAQ:HTLF) – Stock analysts at Piper Jaffray Companies raised their Q1 2019 earnings per share (EPS) estimates for Heartland Financial USA in a research note issued on Tuesday, January 29th. Piper Jaffray Companies analyst N. Race now expects that the bank will earn $1.03 per share for the quarter, up from their prior forecast of $1.02. Piper Jaffray Companies also issued estimates for Heartland Financial USA’s Q3 2019 earnings at $1.14 EPS, Q4 2019 earnings at $1.15 EPS, FY2019 earnings at $4.42 EPS and FY2020 earnings at $4.77 EPS.
Several other research analysts have also weighed in on HTLF. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. ValuEngine downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Heartland Financial USA has a consensus rating of “Hold” and an average target price of $58.00.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, January 28th. The bank reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). The company had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $139.99 million. Heartland Financial USA had a return on equity of 9.79% and a net margin of 20.35%. The company’s revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, February 14th. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.14. Heartland Financial USA’s dividend payout ratio is 15.91%.
In related news, Director Kurt Saylor sold 2,514 shares of the stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $50.27, for a total transaction of $126,378.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Michael Mccoy bought 2,015 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The shares were acquired at an average cost of $49.41 per share, with a total value of $99,561.15. The disclosure for this purchase can be found here. In the last three months, insiders have sold 25,000 shares of company stock valued at $1,350,896. Corporate insiders own 6.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new stake in Heartland Financial USA during the 4th quarter worth approximately $94,000. MML Investors Services LLC acquired a new stake in Heartland Financial USA in the third quarter valued at approximately $203,000. Integrated Investment Consultants LLC grew its position in Heartland Financial USA by 48.1% in the third quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock valued at $219,000 after acquiring an additional 1,223 shares in the last quarter. Teton Advisors Inc. grew its position in Heartland Financial USA by 8.9% in the fourth quarter. Teton Advisors Inc. now owns 4,900 shares of the bank’s stock valued at $215,000 after acquiring an additional 400 shares in the last quarter. Finally, Connable Office Inc. acquired a new stake in Heartland Financial USA in the third quarter valued at approximately $291,000. 54.92% of the stock is owned by hedge funds and other institutional investors.
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 accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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