$0.72 EPS Expected for Heartland Financial USA, Inc. (HTLF) This Quarter
Wall Street brokerages forecast that Heartland Financial USA, Inc. (NASDAQ:HTLF) will announce $0.72 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Heartland Financial USA’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.68. Heartland Financial USA posted earnings per share of $0.81 during the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, October 30th.
According to Zacks, analysts expect that Heartland Financial USA will report full-year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.04. For the next year, analysts anticipate that the business will post earnings of $3.36 per share, with EPS estimates ranging from $3.15 to $3.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The company had revenue of $100.20 million during the quarter, compared to analysts’ expectations of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share.
Several research firms have recently commented on HTLF. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.50.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded down 0.80% during trading on Monday, hitting $49.80. The stock had a trading volume of 123,752 shares. The stock’s 50-day moving average price is $45.72 and its 200 day moving average price is $46.82. The firm has a market capitalization of $1.49 billion, a P/E ratio of 16.33 and a beta of 0.67. Heartland Financial USA has a 1-year low of $36.15 and a 1-year high of $52.65.
A number of hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its stake in Heartland Financial USA by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after buying an additional 195 shares in the last quarter. New York State Teachers Retirement System increased its stake in Heartland Financial USA by 10.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after buying an additional 200 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Heartland Financial USA by 5.1% in the 1st quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after buying an additional 216 shares in the last quarter. Bessemer Group Inc. increased its stake in Heartland Financial USA by 1.1% in the 2nd quarter. Bessemer Group Inc. now owns 36,000 shares of the bank’s stock worth $1,696,000 after buying an additional 390 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Heartland Financial USA by 7.1% in the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock worth $282,000 after buying an additional 394 shares in the last quarter. Institutional investors and hedge funds own 42.41% of the company’s stock.
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About Heartland Financial USA
Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.
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