Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to report sales of $137.46 million for the current quarter, according to Zacks. Three analysts have provided estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $139.10 million and the lowest estimate coming in at $134.54 million. Heartland Financial USA reported sales of $140.44 million in the same quarter last year, which indicates a negative year over year growth rate of 2.1%. The company is expected to report its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $539.97 million for the current fiscal year, with estimates ranging from $531.14 million to $545.70 million. For the next year, analysts expect that the firm will post sales of $565.81 million, with estimates ranging from $551.98 million to $574.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 29th. The bank reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.32. The firm had revenue of $138.77 million during the quarter, compared to the consensus estimate of $135.69 million. Heartland Financial USA had a net margin of 23.19% and a return on equity of 10.37%. During the same period in the previous year, the firm posted $0.85 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Gradient Investments LLC purchased a new position in Heartland Financial USA during the second quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Heartland Financial USA during the first quarter worth about $33,000. Pearl River Capital LLC lifted its position in Heartland Financial USA by 187.8% during the first quarter. Pearl River Capital LLC now owns 964 shares of the bank’s stock worth $42,000 after buying an additional 629 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Heartland Financial USA by 28.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,171 shares of the bank’s stock worth $93,000 after buying an additional 475 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Heartland Financial USA during the first quarter worth about $124,000. 50.32% of the stock is owned by hedge funds and other institutional investors.
Shares of HTLF traded down $0.14 on Thursday, reaching $42.93. The company’s stock had a trading volume of 102,200 shares, compared to its average volume of 100,914. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $1.63 billion, a P/E ratio of 12.20, a PEG ratio of 1.12 and a beta of 0.95. The stock’s 50 day simple moving average is $44.86 and its two-hundred day simple moving average is $45.09. Heartland Financial USA has a 12-month low of $40.80 and a 12-month high of $61.95.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be paid a $0.18 dividend. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, August 8th. Heartland Financial USA’s payout ratio is 20.45%.
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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