Brokerages expect that Heartland Financial USA, Inc. (NASDAQ:HTLF) will announce sales of $173.25 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Heartland Financial USA’s earnings. The lowest sales estimate is $172.49 million and the highest is $174.00 million. Heartland Financial USA posted sales of $153.71 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The business is scheduled to report its next earnings results on Monday, October 25th.
According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $689.70 million for the current financial year, with estimates ranging from $683.39 million to $696.00 million. For the next financial year, analysts anticipate that the company will post sales of $691.54 million, with estimates ranging from $690.07 million to $693.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Sunday, July 25th. The bank reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.13. The firm had revenue of $174.38 million during the quarter, compared to analysts’ expectations of $174.56 million. Heartland Financial USA had a return on equity of 10.65% and a net margin of 28.82%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. purchased a new position in shares of Heartland Financial USA in the 1st quarter valued at about $26,000. Lazard Asset Management LLC purchased a new position in shares of Heartland Financial USA in the 1st quarter valued at about $51,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Heartland Financial USA in the 1st quarter valued at about $124,000. First Bank & Trust increased its stake in shares of Heartland Financial USA by 102.8% in the 2nd quarter. First Bank & Trust now owns 2,772 shares of the bank’s stock valued at $130,000 after purchasing an additional 1,405 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Heartland Financial USA by 11.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,161 shares of the bank’s stock worth $149,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.
Shares of Heartland Financial USA stock traded up $0.75 during trading on Friday, reaching $46.14. The company’s stock had a trading volume of 116 shares, compared to its average volume of 166,774. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 9.42 and a beta of 1.33. Heartland Financial USA has a 1-year low of $28.37 and a 1-year high of $54.03. The company has a 50-day simple moving average of $46.27 and a two-hundred day simple moving average of $48.49.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 30th. Shareholders of record on Monday, August 16th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.22. Heartland Financial USA’s dividend payout ratio (DPR) is presently 27.10%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc operates as a bank holding company. The firm provides commercial banking services. It also engages in the business of community banking. The company was founded in 1981 and is headquartered in Dubuque, IA.
Read More: Fibonacci Channel
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.