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

Heartland Financial USA (NASDAQ:HTLF) released its earnings results on Tuesday. The bank reported $1.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.17, Briefing.com reports. The firm had revenue of $272.79 million during the quarter, compared to analyst estimates 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 business earned $1.12 EPS.

Heartland Financial USA Stock Up 0.1 %

NASDAQ HTLF traded up $0.04 during trading on Thursday, hitting $60.36. The stock had a trading volume of 49,213 shares, compared to its average volume of 287,951. The company has a market capitalization of $2.59 billion, a PE ratio of 36.10 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 company’s 50-day moving average price is $56.53 and its two-hundred day moving average price is $49.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77.

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Heartland Financial USA in a research report on Thursday. They set 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.60.

Insider Transactions at Heartland Financial USA

In other news, EVP Lo B. Nestman sold 4,389 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.14, for a total transaction of $220,064.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by 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.