Heartland Financial USA (NASDAQ:HTLF) Issues Earnings Results

Heartland Financial USA (NASDAQ:HTLF) released its earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17, Briefing.com reports. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a return on equity of 11.04% and a net margin of 8.79%. During the same quarter in the previous year, the firm posted $1.12 EPS.

Heartland Financial USA Price Performance

NASDAQ HTLF traded down $0.49 during mid-day trading on Friday, hitting $59.01. The stock had a trading volume of 56,050 shares, compared to its average volume of 287,531. The company has a 50 day simple moving average of $56.66 and a 200 day simple moving average of $49.15. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 33.15 and a beta of 0.95. Heartland Financial USA has a 52-week low of $27.46 and a 52-week high of $61.56.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, November 12th. Heartland Financial USA’s dividend payout ratio (DPR) is 67.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Heartland Financial USA in a report on Thursday. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Insiders Place Their Bets

In other news, EVP Lo B. Nestman sold 4,389 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.