Heartland Financial USA (NASDAQ:HTLF) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Heartland Financial USA (NASDAQ:HTLF) announced its earnings results on Tuesday. The bank reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01, Briefing.com reports. The business had revenue of $188.92 million for the quarter, compared to analyst estimates of $183.19 million. Heartland Financial USA had a return on equity of 11.29% and a net margin of 7.12%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS.

Heartland Financial USA Stock Up 2.3 %

NASDAQ:HTLF opened at $54.52 on Thursday. Heartland Financial USA has a 1-year low of $26.44 and a 1-year high of $56.56. The firm’s 50-day moving average price is $45.65 and its 200-day moving average price is $39.54. The company has a market capitalization of $2.34 billion, a PE ratio of 32.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.76 and a quick ratio of 0.74.

Heartland Financial USA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Wall Street Analysts Forecast Growth

HTLF has been the topic of a number of research analyst reports. StockNews.com began coverage on shares of Heartland Financial USA in a report on Saturday, July 27th. They issued a “hold” rating on the stock. DA Davidson lifted their price target on Heartland Financial USA from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods upgraded Heartland Financial USA from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $51.00 to $54.00 in a research report on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Heartland Financial USA presently has a consensus rating of “Moderate Buy” and an average price target of $45.60.

Insider Activity

In other news, Director Robert B. Engel sold 7,600 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $25.26, for a total value of $191,976.00. Following the sale, the director now directly owns 17,000 shares of the company’s stock, valued at $429,420. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Robert B. Engel sold 5,928 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $25.20, for a total transaction of $149,385.60. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $277,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert B. Engel sold 7,600 shares of Heartland Financial USA stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $25.26, for a total value of $191,976.00. Following the completion of the sale, the director now owns 17,000 shares of the company’s stock, valued at $429,420. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,529 shares of company stock worth $341,387. Insiders own 1.80% of the company’s stock.

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.