Heartland Financial USA (NASDAQ:HTLF) Issues Earnings Results

Heartland Financial USA (NASDAQ:HTLF) released its earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17, Briefing.com reports. The company had revenue of $272.79 million for the quarter, compared to analyst estimates of $189.51 million. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. During the same period in the prior year, the business earned $1.12 EPS.

Heartland Financial USA Stock Down 0.6 %

Shares of NASDAQ HTLF traded down $0.39 during mid-day trading on Thursday, reaching $59.93. The company had a trading volume of 42,489 shares, compared to its average volume of 287,919. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $56.53 and a two-hundred day simple moving average of $49.08. The stock has a market cap of $2.57 billion, a P/E ratio of 36.10 and a beta of 0.95. Heartland Financial USA has a 52-week low of $26.44 and a 52-week high of $61.56.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.00%. Heartland Financial USA’s payout ratio is 72.29%.

Insider Activity at Heartland Financial USA

In related news, EVP Lo B. Nestman sold 4,389 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a report on Thursday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Heartland Financial USA presently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

About Heartland Financial USA

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.