Heartland Financial USA Inc (NASDAQ:HTLF) – Investment analysts at DA Davidson upped their Q3 2019 earnings per share (EPS) estimates for shares of Heartland Financial USA in a report issued on Friday, January 18th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $1.01 per share for the quarter, up from their prior estimate of $1.00. DA Davidson also issued estimates for Heartland Financial USA’s Q4 2019 earnings at $0.98 EPS and FY2020 earnings at $4.15 EPS.
Several other research firms have also recently weighed in on HTLF. BidaskClub cut shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. ValuEngine cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.00.
HTLF opened at $47.54 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. Heartland Financial USA has a twelve month low of $41.88 and a twelve month high of $61.95. The company has a market cap of $1.64 billion, a PE ratio of 15.85, a P/E/G ratio of 1.14 and a beta of 1.06.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.02. Heartland Financial USA had a net margin of 17.94% and a return on equity of 9.52%. The firm had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $138.73 million. During the same period in the previous year, the company earned $0.72 earnings per share.
The firm also recently announced a special dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 21st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 20th. This represents a yield of 1.12%. Heartland Financial USA’s dividend payout ratio is currently 18.67%.
In other Heartland Financial USA news, Director Kurt Saylor sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $54.69, for a total transaction of $382,830.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Michael Mccoy bought 3,544 shares of Heartland Financial USA stock in a transaction on Monday, November 5th. The shares were acquired at an average cost of $54.01 per share, with a total value of $191,411.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock valued at $1,350,896. 6.60% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. MML Investors Services LLC purchased a new stake in Heartland Financial USA during the third quarter valued at approximately $203,000. Integrated Investment Consultants LLC increased its holdings in Heartland Financial USA by 48.1% during the third quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock valued at $219,000 after buying an additional 1,223 shares during the last quarter. BlueMountain Capital Management LLC increased its holdings in Heartland Financial USA by 32.1% during the second quarter. BlueMountain Capital Management LLC now owns 4,246 shares of the bank’s stock valued at $233,000 after buying an additional 1,032 shares during the last quarter. Connable Office Inc. purchased a new stake in Heartland Financial USA during the third quarter valued at approximately $291,000. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Heartland Financial USA in the third quarter worth $293,000. 55.29% of the stock is owned by institutional investors and hedge funds.
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.