Heartland Financial USA Inc. (NASDAQ:HTLF) – Analysts at DA Davidson issued their Q1 2017 EPS estimates for Heartland Financial USA in a report issued on Thursday. DA Davidson analyst J. Rulis forecasts that the firm will post earnings per share of $0.74 for the quarter. DA Davidson currently has a “Buy” rating and a $43.00 target price on the stock. DA Davidson also issued estimates for Heartland Financial USA’s Q2 2017 earnings at $0.78 EPS, Q3 2017 earnings at $0.82 EPS and Q4 2017 earnings at $0.86 EPS.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, July 25th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The firm earned $104.14 million during the quarter, compared to the consensus estimate of $103 million. Heartland Financial USA had a net margin of 17.14% and a return on equity of 11.50%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share.
A number of other research analysts also recently issued reports on HTLF. Keefe, Bruyette & Woods increased their price objective on Heartland Financial USA from $35.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded Heartland Financial USA from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, July 27th. Finally, Sandler O’Neill downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.50.
Heartland Financial USA (NASDAQ:HTLF) opened at 35.17 on Monday. The firm has a 50-day moving average of $36.19 and a 200-day moving average of $34.39. The firm has a market cap of $863.25 million, a P/E ratio of 11.56 and a beta of 0.70. Heartland Financial USA has a 12-month low of $25.95 and a 12-month high of $39.45.
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. Heartland Financial USA’s dividend payout ratio is 13.25%.
In other Heartland Financial USA news, Director Kurt Saylor sold 5,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $35.97, for a total value of $208,626.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.63% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HTLF. Nuveen Asset Management LLC increased its position in Heartland Financial USA by 34.4% in the first quarter. Nuveen Asset Management LLC now owns 108,869 shares of the company’s stock worth $3,352,000 after buying an additional 27,873 shares in the last quarter. Bogle Investment Management L P DE bought a new position in Heartland Financial USA during the first quarter worth $573,000. Geode Capital Management LLC increased its position in Heartland Financial USA by 4.7% in the first quarter. Geode Capital Management LLC now owns 130,135 shares of the company’s stock worth $4,006,000 after buying an additional 5,858 shares in the last quarter. Consector Capital LP bought a new position in Heartland Financial USA during the first quarter worth $776,000. Finally, AXA increased its position in Heartland Financial USA by 237.6% in the first quarter. AXA now owns 16,206 shares of the company’s stock worth $499,000 after buying an additional 11,406 shares in the last quarter. Hedge funds and other institutional investors own 41.20% of the company’s stock.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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