What is DA Davidson's Estimate for HTLF Q4 Earnings?

Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) - 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 expects 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.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last announced its earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting 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 company had revenue of $272.79 million for the quarter, compared to analyst estimates of $189.51 million. During the same quarter last year, the company earned $1.12 earnings per share.

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research note on Thursday. They issued a "hold" rating for the company. Two investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.60.

Heartland Financial USA Stock Performance

Shares of HTLF traded down $0.83 during midday trading on Friday, reaching $58.67. 346,007 shares of the stock were exchanged, compared to its average volume of 288,899. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. The stock's 50 day simple moving average is $56.66 and its 200 day simple moving average is $49.15. Heartland Financial USA has a twelve month low of $27.46 and a twelve month high of $61.56. The company has a market cap of $2.52 billion, a P/E ratio of 33.15 and a beta of 0.95.

Heartland Financial USA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 12th. Heartland Financial USA's dividend payout ratio is currently 67.04%.

Insider Activity

In related news, EVP Lo B. Nestman sold 4,389 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Heartland Financial USA

A number of hedge funds have recently made changes to their positions in HTLF. Magnetar Financial LLC bought a new stake in shares of Heartland Financial USA during the second quarter worth $46,626,000. Millennium Management LLC grew its position in Heartland Financial USA by 2,309.0% during the 2nd quarter. Millennium Management LLC now owns 710,923 shares of the bank's stock worth $31,601,000 after acquiring an additional 681,412 shares during the last quarter. Stieven Capital Advisors L.P. grew its position 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 worth $13,852,000 after acquiring an additional 329,095 shares during the last quarter. Slotnik Capital LLC acquired a new position in Heartland Financial USA in the 2nd quarter worth about $13,714,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Heartland Financial USA during the second quarter valued at about $10,601,000. 71.55% of the stock is currently 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.