Equities Analysts Set Expectations for HTLF FY2024 Earnings

Heartland Financial USA, Inc. (NASDAQ:HTLF) – DA Davidson increased their FY2024 earnings per share (EPS) estimates for Heartland Financial USA in a research report issued to clients and investors on Thursday, October 31st. DA Davidson analyst J. Rulis now expects that the bank will earn $4.65 per share for the year, up from their previous forecast of $4.60. The consensus estimate for Heartland Financial USA’s current full-year earnings is $4.66 per share.

Separately, StockNews.com began coverage on Heartland Financial USA in a research report on Thursday, October 31st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.60.

Heartland Financial USA Price Performance

Shares of HTLF opened at $60.13 on Monday. Heartland Financial USA has a fifty-two week low of $27.69 and a fifty-two week high of $61.56. The firm’s 50-day simple moving average is $56.89 and its two-hundred day simple moving average is $49.90. The stock has a market cap of $2.58 billion, a PE ratio of 33.59 and a beta of 0.94. 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 (NASDAQ:HTLF) last announced its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. The firm had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 11.04%. During the same quarter in the previous year, the business posted $1.12 EPS.

Institutional Trading of Heartland Financial USA

A number of institutional investors and hedge funds have recently modified their holdings of the business. USA Financial Formulas boosted its position in shares of Heartland Financial USA by 28.0% during the third quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock valued at $60,000 after buying an additional 232 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Heartland Financial USA during the 2nd quarter valued at about $83,000. Meeder Asset Management Inc. grew its stake in shares of Heartland Financial USA by 695.2% in the first quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock worth $99,000 after acquiring an additional 2,454 shares during the period. SG Americas Securities LLC purchased a new position in shares of Heartland Financial USA during the third quarter valued at approximately $125,000. Finally, Blue Trust Inc. raised its holdings in shares of Heartland Financial USA by 2,193.4% during the third quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after purchasing an additional 2,654 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, EVP Lo B. Nestman sold 4,389 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Heartland Financial USA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 2.00%. Heartland Financial USA’s dividend payout ratio is presently 67.04%.

Heartland Financial USA Company Profile

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.