Heartland Financial USA (NASDAQ:HTLF) Releases Earnings Results

Heartland Financial USA (NASDAQ:HTLF) announced its quarterly earnings results on Tuesday. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01, Briefing.com reports. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.33%. The firm had revenue of $188.92 million for the quarter, compared to analysts’ expectations of $183.19 million. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue was up 3.7% compared to the same quarter last year.

Heartland Financial USA Price Performance

NASDAQ:HTLF traded up $2.43 during trading hours on Wednesday, hitting $55.73. The company’s stock had a trading volume of 137,114 shares, compared to its average volume of 324,971. Heartland Financial USA has a 52-week low of $26.44 and a 52-week high of $55.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.76. The business’s 50-day moving average is $45.65 and its two-hundred day moving average is $39.54. The company has a market capitalization of $2.39 billion, a PE ratio of 32.11 and a beta of 0.97.

Heartland Financial USA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio (DPR) is 72.29%.

Insider Activity at Heartland Financial USA

In related news, Director Robert B. Engel sold 5,928 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $25.20, for a total value of $149,385.60. Following the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $277,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Heartland Financial USA news, Director Robert B. Engel sold 5,928 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $25.20, for a total value of $149,385.60. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $277,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert B. Engel sold 7,600 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total transaction of $191,976.00. Following the sale, the director now owns 17,000 shares of the company’s stock, valued at approximately $429,420. The disclosure for this sale can be found here. Insiders sold 13,529 shares of company stock worth $341,387 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HTLF. StockNews.com initiated coverage on Heartland Financial USA in a research report on Saturday. They set a “hold” rating for the company. Keefe, Bruyette & Woods upgraded shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $51.00 to $54.00 in a report on Friday, May 31st. Finally, DA Davidson boosted their price target on shares of Heartland Financial USA from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.60.

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.