Heartland Financial USA (NASDAQ:HTLF) Announces Earnings Results

Heartland Financial USA (NASDAQ:HTLF) posted its quarterly earnings results on Monday. The bank reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08, Briefing.com reports. The firm had revenue of $279.39 million during the quarter, compared to the consensus estimate of $182.73 million. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. During the same period in the previous year, the firm posted $1.22 earnings per share.

Heartland Financial USA Price Performance

HTLF stock opened at $41.13 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50 day moving average price of $34.13 and a 200-day moving average price of $33.76. Heartland Financial USA has a 52-week low of $26.10 and a 52-week high of $42.81. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 24.34 and a beta of 1.06.

Heartland Financial USA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 71.01%.

Wall Street Analyst Weigh In

HTLF has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th. TheStreet cut shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Thursday, February 29th. Finally, Piper Sandler lifted their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.80.

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.