DA Davidson Analysts Increase Earnings Estimates for HTLF

Heartland Financial USA, Inc. (NASDAQ:HTLF) – Analysts at DA Davidson upped their FY2025 EPS estimates for Heartland Financial USA in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $4.35 for the year, up from their prior forecast of $4.20. The consensus estimate for Heartland Financial USA’s current full-year earnings is $4.57 per share.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. During the same quarter last year, the company earned $1.12 EPS.

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research report on Wednesday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Heartland Financial USA Stock Up 1.6 %

Shares of NASDAQ:HTLF opened at $62.31 on Friday. The stock’s 50-day moving average price is $63.92 and its 200-day moving average price is $55.42. The stock has a market capitalization of $2.67 billion, a P/E ratio of 34.81 and a beta of 0.97. Heartland Financial USA has a 12-month low of $32.03 and a 12-month high of $70.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. Heartland Financial USA’s dividend payout ratio is currently 67.04%.

Insider Activity at Heartland Financial USA

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the transaction, the director now owns 6,963 shares in the company, valued at $470,420.28. The trade was a 45.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John K. Schmidt sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now owns 60,541 shares of the company’s stock, valued at $4,136,161.12. This trade represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,743 shares of company stock valued at $1,958,839. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Heartland Financial USA by 8.0% in the third quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank’s stock worth $1,626,000 after purchasing an additional 2,136 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Heartland Financial USA during the third quarter valued at $303,000. Geode Capital Management LLC increased its position in Heartland Financial USA by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock valued at $58,036,000 after purchasing an additional 47,480 shares during the period. Barclays PLC raised its holdings in shares of Heartland Financial USA by 65.5% in the 3rd quarter. Barclays PLC now owns 84,767 shares of the bank’s stock valued at $4,807,000 after purchasing an additional 33,533 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Heartland Financial USA by 128.0% in the 3rd quarter. XTX Topco Ltd now owns 11,541 shares of the bank’s stock worth $654,000 after purchasing an additional 6,479 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.