Heartland Financial USA, Inc. (HTLF) To Go Ex-Dividend on November 12th

Heartland Financial USA, Inc. (NASDAQ:HTLF) declared a quarterly dividend on Saturday, November 9th,Zacks Dividends reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.30 per share by the bank on Tuesday, November 26th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Tuesday, November 12th.

Heartland Financial USA has increased its dividend by an average of 14.5% per year over the last three years. Heartland Financial USA has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heartland Financial USA to earn $4.17 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 28.8%.

Heartland Financial USA Stock Up 0.4 %

HTLF stock opened at $66.40 on Friday. Heartland Financial USA has a fifty-two week low of $27.69 and a fifty-two week high of $68.43. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 37.10 and a beta of 0.94. The business’s 50 day moving average price is $57.58 and its two-hundred day moving average price is $50.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a return on equity of 11.04% and a net margin of 8.79%. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, analysts forecast that Heartland Financial USA will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research note on Friday. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.60.

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.