Analysts Anticipate Heartland Financial USA Inc (HTLF) Will Post Earnings of $0.99 Per Share

Equities analysts expect that Heartland Financial USA Inc (NASDAQ:HTLF) will announce earnings per share (EPS) of $0.99 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Heartland Financial USA’s earnings, with estimates ranging from $0.92 to $1.03. Heartland Financial USA posted earnings of $0.76 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.3%. The firm is expected to report its next earnings report after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Heartland Financial USA will report full year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.42. For the next year, analysts anticipate that the firm will post earnings of $4.39 per share, with EPS estimates ranging from $4.15 to $4.77. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, January 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). Heartland Financial USA had a return on equity of 9.53% and a net margin of 20.35%. The company had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $139.99 million. During the same quarter last year, the business posted $0.80 EPS. The business’s quarterly revenue was up 26.7% on a year-over-year basis.

HTLF has been the subject of a number of analyst reports. ValuEngine lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Zacks Investment Research lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.00.

In other Heartland Financial USA news, EVP Michael J. Coyle sold 1,000 shares of Heartland Financial USA stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $48.57, for a total transaction of $48,570.00. Following the completion of the sale, the executive vice president now directly owns 9,386 shares in the company, valued at $455,878.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HTLF. Larson Financial Group LLC bought a new stake in shares of Heartland Financial USA in the 4th quarter worth approximately $60,000. Quantamental Technologies LLC purchased a new position in shares of Heartland Financial USA in the fourth quarter worth $94,000. Great West Life Assurance Co. Can increased its stake in shares of Heartland Financial USA by 40.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,566 shares of the bank’s stock worth $151,000 after buying an additional 1,026 shares during the period. Teton Advisors Inc. increased its stake in shares of Heartland Financial USA by 8.9% in the fourth quarter. Teton Advisors Inc. now owns 4,900 shares of the bank’s stock worth $215,000 after buying an additional 400 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Heartland Financial USA in the fourth quarter worth $228,000. Institutional investors and hedge funds own 55.89% of the company’s stock.

HTLF opened at $46.57 on Friday. The stock has a market capitalization of $1.57 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.79. Heartland Financial USA has a twelve month low of $41.57 and a twelve month high of $61.95.

Heartland Financial USA Company Profile

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 and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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