Heartland Financial USA Inc (NASDAQ:HTLF) – Analysts at Piper Jaffray Companies lifted their FY2019 earnings per share (EPS) estimates for Heartland Financial USA in a research note issued to investors on Thursday, August 15th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Race now expects that the bank will earn $4.11 per share for the year, up from their prior forecast of $4.09. Piper Jaffray Companies has a “Overweight” rating and a $53.00 price objective on the stock.
Several other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. BidaskClub downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Finally, ValuEngine lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st.
NASDAQ:HTLF traded up $0.91 during trading hours on Monday, hitting $44.57. The stock had a trading volume of 108,485 shares, compared to its average volume of 101,372. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.81. Heartland Financial USA has a one year low of $40.80 and a one year high of $61.95. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.02 and a beta of 0.99. The company has a 50 day simple moving average of $44.30 and a two-hundred day simple moving average of $44.59.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, July 29th. The bank reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.32. The business had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $135.69 million. Heartland Financial USA had a return on equity of 10.37% and a net margin of 23.19%. During the same period in the previous year, the business posted $0.85 EPS.
Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Heartland Financial USA in the 4th quarter worth approximately $11,912,000. Nuveen Asset Management LLC lifted its holdings in shares of Heartland Financial USA by 18.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 888,052 shares of the bank’s stock worth $39,723,000 after acquiring an additional 138,029 shares during the period. MidWestOne Financial Group Inc. acquired a new position in shares of Heartland Financial USA during the 2nd quarter valued at $5,970,000. BlackRock Inc. lifted its holdings in shares of Heartland Financial USA by 5.6% during the 2nd quarter. BlackRock Inc. now owns 2,320,889 shares of the bank’s stock valued at $103,813,000 after acquiring an additional 122,877 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Heartland Financial USA by 3.7% during the second quarter. Vanguard Group Inc. now owns 2,241,476 shares of the bank’s stock worth $100,260,000 after purchasing an additional 80,897 shares in the last quarter. 51.32% of the stock is owned by institutional investors.
In related news, CFO Bryan Mckeag acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was acquired at an average cost of $41.76 per share, for a total transaction of $41,760.00. The purchase was disclosed in a filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were issued a $0.18 dividend. The ex-dividend date was Thursday, August 8th. This represents a $0.72 annualized dividend and a yield of 1.62%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s payout ratio is 20.45%.
Heartland Financial USA Company Profile
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.