Heartland Financial USA (NASDAQ:HTLF) Releases Earnings Results, Meets Expectations

Heartland Financial USA (NASDAQ:HTLF) posted its quarterly earnings data on Tuesday. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17, Briefing.com reports. The firm had revenue of $272.79 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $1.12 EPS.

Heartland Financial USA Trading Down 0.3 %

NASDAQ:HTLF traded down $0.18 during trading hours on Thursday, hitting $60.14. The stock had a trading volume of 36,653 shares, compared to its average volume of 287,891. Heartland Financial USA has a one year low of $26.44 and a one year high of $61.56. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 36.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77. The business’s 50 day moving average is $56.53 and its 200-day moving average is $49.08.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a $0.30 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 72.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research note on Thursday. They issued a “hold” rating for the company. Two equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Insider Activity at Heartland Financial USA

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

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.