Heartland Financial USA (NASDAQ:HTLF) Posts Quarterly Earnings Results, Hits Estimates

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $1.17 EPS for the quarter, hitting analysts' consensus estimates of $1.17, Briefing.com reports. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. The company had revenue of $272.79 million for the quarter, compared to analysts' expectations of $189.51 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share.

Heartland Financial USA Stock Down 1.4 %

Heartland Financial USA stock traded down $0.82 during midday trading on Thursday, hitting $59.50. The stock had a trading volume of 192,205 shares, compared to its average volume of 288,628. 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 stock has a market cap of $2.55 billion, a P/E ratio of 33.24 and a beta of 0.95. Heartland Financial USA has a 12 month low of $26.44 and a 12 month high of $61.56. The business has a fifty day moving average price of $56.53 and a 200 day moving average price of $49.08.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, November 12th. Heartland Financial USA's dividend payout ratio is currently 67.04%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Heartland Financial USA in a research note on Thursday. They issued a "hold" rating on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.60.

Insider Activity at Heartland Financial USA

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

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.