Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.30 per share by the bank on Tuesday, May 28th. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, May 10th.
Heartland Financial USA has raised its dividend payment by an average of 14.5% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Heartland Financial USA has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heartland Financial USA to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.8%.
Heartland Financial USA Stock Performance
NASDAQ HTLF traded up $0.24 on Friday, reaching $35.72. The stock had a trading volume of 193,895 shares, compared to its average volume of 211,812. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a fifty day moving average of $33.99 and a two-hundred day moving average of $33.63. Heartland Financial USA has a 1-year low of $26.10 and a 1-year high of $39.39. The company has a market cap of $1.53 billion, a P/E ratio of 21.14 and a beta of 1.06.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on HTLF shares. Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Thursday, February 29th. TheStreet lowered Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Stephens reissued an “overweight” rating and set a $45.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 30th. Finally, Piper Sandler increased their target price on Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.80.
Read Our Latest Report on HTLF
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.
Read More
- Five stocks we like better than Heartland Financial USA
- Roth IRA Calculator: Calculate Your Potential Returns
- MarketBeat Week in Review – 4/22 – 4/26
- What is Put Option Volume?
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Calculate Return on Investment (ROI)
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.