Heartland Financial USA (HTLF) Posts Earnings Results, Beats Estimates By $0.02 EPS

Heartland Financial USA (NASDAQ:HTLF) posted its earnings results on Monday. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02, MarketWatch Earnings reports. Heartland Financial USA had a net margin of 17.94% and a return on equity of 9.91%. The business had revenue of $140.44 million for the quarter, compared to analysts’ expectations of $138.73 million. During the same period in the previous year, the company posted $0.72 earnings per share.

HTLF traded up $0.10 during trading on Wednesday, hitting $54.05. The company had a trading volume of 2,424 shares, compared to its average volume of 111,189. The stock has a market capitalization of $1.79 billion, a PE ratio of 18.02, a P/E/G ratio of 1.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.80. Heartland Financial USA has a 1-year low of $46.50 and a 1-year high of $61.95.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.14 dividend. The ex-dividend date is Thursday, November 15th. This represents a $0.56 annualized dividend and a yield of 1.04%. Heartland Financial USA’s dividend payout ratio is presently 18.67%.

In related news, Director Martin J. Schmitz sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $60.25, for a total value of $482,000.00. Following the sale, the director now directly owns 68,637 shares of the company’s stock, valued at $4,135,379.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew E. Townsend sold 1,500 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $60.65, for a total transaction of $90,975.00. The disclosure for this sale can be found here. Insiders sold 24,500 shares of company stock worth $1,482,675 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. ValuEngine cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Raymond James cut shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $57.60.

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.

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Earnings History for Heartland Financial USA (NASDAQ:HTLF)

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