Heartland Financial USA Inc (NASDAQ:HTLF) Expected to Post Quarterly Sales of $137.90 Million
Wall Street analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will post sales of $137.90 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Heartland Financial USA’s earnings, with the lowest sales estimate coming in at $135.90 million and the highest estimate coming in at $139.90 million. Heartland Financial USA posted sales of $137.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.4%. The firm is scheduled to issue its next earnings results on Monday, January 27th.
On average, analysts expect that Heartland Financial USA will report full year sales of $541.19 million for the current year, with estimates ranging from $536.98 million to $545.40 million. For the next year, analysts forecast that the company will report sales of $565.65 million, with estimates ranging from $557.00 million to $574.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $140.72 million for the quarter, compared to the consensus estimate of $137.57 million. Heartland Financial USA had a net margin of 23.03% and a return on equity of 9.92%. During the same quarter in the previous year, the firm earned $0.97 earnings per share.
In other news, Director Barry H. Orr sold 13,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $48.13, for a total value of $625,690.00. Following the transaction, the director now owns 244,018 shares of the company’s stock, valued at $11,744,586.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HTLF. ETRADE Capital Management LLC boosted its stake in Heartland Financial USA by 3.3% during the second quarter. ETRADE Capital Management LLC now owns 12,898 shares of the bank’s stock valued at $577,000 after buying an additional 417 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Heartland Financial USA by 7.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,363 shares of the bank’s stock worth $329,000 after acquiring an additional 481 shares in the last quarter. Aperio Group LLC boosted its position in shares of Heartland Financial USA by 6.8% during the 2nd quarter. Aperio Group LLC now owns 8,721 shares of the bank’s stock valued at $390,000 after acquiring an additional 555 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Heartland Financial USA during the 3rd quarter valued at approximately $25,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Heartland Financial USA by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 209,750 shares of the bank’s stock valued at $9,382,000 after acquiring an additional 1,082 shares during the last quarter. 53.53% of the stock is owned by institutional investors and hedge funds.
Shares of HTLF stock traded down $0.99 on Friday, hitting $45.73. 1,763 shares of the stock traded hands, compared to its average volume of 62,146. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 13.00 and a beta of 0.99. Heartland Financial USA has a 52 week low of $40.80 and a 52 week high of $55.20. The firm has a 50 day simple moving average of $46.72 and a two-hundred day simple moving average of $44.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.78 and a quick ratio of 0.78.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, November 14th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 20.45%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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