Heartland Financial USA, Inc. (HTLF) to Issue Quarterly Dividend of $0.11 on December 1st

Heartland Financial USA, Inc. (NASDAQ:HTLF) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Investors of record on Friday, November 17th will be paid a dividend of 0.11 per share by the bank on Friday, December 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 16th.

Shares of Heartland Financial USA (HTLF) opened at $48.65 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1,437.56, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.60 and a beta of 0.70. Heartland Financial USA has a 12 month low of $40.95 and a 12 month high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $109.12 million during the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. analysts expect that Heartland Financial USA will post 3 EPS for the current year.

HTLF has been the subject of a number of research analyst reports. set a $50.00 price target on shares of Heartland Financial USA and gave the stock a “hold” rating in a research note on Tuesday. FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the stock a “hold” rating in a research note on Tuesday, October 31st. reiterated a “hold” rating and set a $51.00 target price on shares of Heartland Financial USA in a research note on Thursday, August 3rd. lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $50.33.

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About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Dividend History for Heartland Financial USA (NASDAQ:HTLF)

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