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

Heartland Financial USA (NASDAQ:HTLF) released its earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17, Briefing.com reports. The firm had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. During the same quarter in the previous year, the business posted $1.12 earnings per share.

Heartland Financial USA Stock Performance

HTLF traded up $0.04 during trading hours on Thursday, hitting $60.36. The stock had a trading volume of 49,213 shares, compared to its average volume of 287,951. Heartland Financial USA has a 1 year low of $26.44 and a 1 year high of $61.56. The company’s fifty day simple moving average is $56.53 and its 200 day simple moving average is $49.08. The stock has a market cap of $2.59 billion, a PE ratio of 36.10 and a beta of 0.95. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19.

Heartland Financial USA Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.99%. Heartland Financial USA’s dividend payout ratio is presently 72.29%.

Insider Buying and Selling at Heartland Financial USA

In related news, EVP Lo B. Nestman sold 4,389 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research note on Thursday. They set a “hold” rating for the company. Two equities research 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. According to MarketBeat, the company 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.