Analysts Set Expectations for HTLF Q4 Earnings

Heartland Financial USA, Inc. (NASDAQ:HTLF) – DA Davidson issued their Q4 2024 earnings estimates for shares of Heartland Financial USA in a report released on Thursday, October 31st. DA Davidson analyst J. Rulis anticipates that the bank will post earnings of $1.10 per share for the quarter. The consensus estimate for Heartland Financial USA’s current full-year earnings is $4.72 per share.

Separately, StockNews.com started coverage on Heartland Financial USA in a report on Thursday. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Trading Down 1.4 %

NASDAQ HTLF opened at $59.50 on Friday. Heartland Financial USA has a 12 month low of $26.44 and a 12 month high of $61.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. The company has a 50-day moving average of $56.53 and a 200-day moving average of $49.08. The company has a market cap of $2.55 billion, a P/E ratio of 33.24 and a beta of 0.95.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. Heartland Financial USA had a return on equity of 11.04% and a net margin of 8.79%. The business had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. During the same quarter in the previous year, the business earned $1.12 earnings per share.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, November 12th. Heartland Financial USA’s payout ratio is 67.04%.

Insider Activity

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

Institutional Trading of Heartland Financial USA

A number of institutional investors and hedge funds have recently modified their holdings of HTLF. Magnetar Financial LLC acquired a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $46,626,000. Millennium Management LLC increased its position in Heartland Financial USA by 2,309.0% in the 2nd quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock valued at $31,601,000 after acquiring an additional 681,412 shares during the period. Stieven Capital Advisors L.P. raised its stake in Heartland Financial USA by 506.3% during the 1st quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock valued at $13,852,000 after acquiring an additional 329,095 shares in the last quarter. Slotnik Capital LLC acquired a new position in Heartland Financial USA during the 2nd quarter worth $13,714,000. Finally, Squarepoint Ops LLC bought a new position in shares of Heartland Financial USA in the second quarter worth $10,601,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.