Wall Street analysts expect Heartland Financial USA Inc (NASDAQ:HTLF) to report $135.23 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Heartland Financial USA’s earnings. The lowest sales estimate is $132.08 million and the highest is $138.00 million. Heartland Financial USA reported sales of $116.30 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.3%. The firm is expected to issue its next earnings results on Monday, April 29th.
According to Zacks, analysts expect that Heartland Financial USA will report full year sales of $559.19 million for the current year, with estimates ranging from $544.86 million to $572.30 million. For the next financial year, analysts anticipate that the company will report sales of $590.65 million, with estimates ranging from $581.70 million to $607.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, January 28th. The bank reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The firm had revenue of $137.30 million for the quarter, compared to the consensus estimate of $139.99 million. Heartland Financial USA had a net margin of 20.35% and a return on equity of 9.53%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share.
In other Heartland Financial USA news, EVP Michael J. Coyle sold 1,000 shares of Heartland Financial USA stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.57, for a total value of $48,570.00. Following the sale, the executive vice president now owns 9,386 shares of the company’s stock, valued at $455,878.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HTLF. Bank of New York Mellon Corp raised its position in Heartland Financial USA by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 218,724 shares of the bank’s stock worth $11,997,000 after acquiring an additional 11,597 shares during the period. Victory Capital Management Inc. raised its position in shares of Heartland Financial USA by 47.7% in the third quarter. Victory Capital Management Inc. now owns 12,730 shares of the bank’s stock valued at $739,000 after purchasing an additional 4,113 shares during the period. Wells Fargo & Company MN raised its position in shares of Heartland Financial USA by 8.3% in the third quarter. Wells Fargo & Company MN now owns 333,618 shares of the bank’s stock valued at $19,367,000 after purchasing an additional 25,516 shares during the period. MML Investors Services LLC bought a new stake in shares of Heartland Financial USA in the third quarter valued at approximately $203,000. Finally, Swiss National Bank raised its position in shares of Heartland Financial USA by 4.1% in the third quarter. Swiss National Bank now owns 48,800 shares of the bank’s stock valued at $2,833,000 after purchasing an additional 1,900 shares during the period. 54.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of HTLF stock opened at $42.05 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80. Heartland Financial USA has a 52 week low of $41.57 and a 52 week high of $61.95.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a $0.16 dividend. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.64 annualized dividend and a yield of 1.52%. Heartland Financial USA’s payout ratio is currently 18.18%.
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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