Heartland Financial USA, Inc. (NASDAQ:HTLF) Plans $0.30 Quarterly Dividend

Heartland Financial USA, Inc. (NASDAQ:HTLF - Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Investors of record on Tuesday, November 12th will be paid 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 2.13%. The ex-dividend date is Tuesday, November 12th.

Heartland Financial USA has increased its dividend payment by an average of 14.5% annually over the last three years. Heartland Financial USA has a dividend payout ratio of 26.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Heartland Financial USA to earn $4.52 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 26.5%.

Heartland Financial USA Price Performance

HTLF traded down $1.07 on Friday, reaching $56.29. The company had a trading volume of 388,597 shares, compared to its average volume of 163,312. Heartland Financial USA has a one year low of $26.44 and a one year high of $61.46. 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 company has a market capitalization of $2.41 billion, a P/E ratio of 39.36 and a beta of 0.95. The company has a fifty day moving average of $56.17 and a 200-day moving average of $48.56.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The company had revenue of $188.92 million during the quarter, compared to analyst estimates of $183.19 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Heartland Financial USA will post 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research report on Wednesday. They issued 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.60.

Insider Buying and Selling

In related news, EVP Lo B. Nestman sold 4,389 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at this link. 1.80% of the stock is currently 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.