Heartland Financial USA, Inc. (HTLF) Declares Dividend Increase – $0.07 Per Share
Heartland Financial USA, Inc. (NASDAQ:HTLF) declared a dividend on Wednesday, December 13th, NASDAQ reports. Stockholders of record on Friday, December 22nd will be paid a dividend of 0.07 per share by the bank on Friday, December 29th. The ex-dividend date is Thursday, December 21st. This is an increase from Heartland Financial USA’s previous dividend of $0.05.
Heartland Financial USA (NASDAQ HTLF) traded up $0.45 during mid-day trading on Thursday, hitting $51.20. 96,200 shares of the company traded hands, compared to its average volume of 89,452. The firm has a market capitalization of $1,519.92, a PE ratio of 17.20, a P/E/G ratio of 1.69 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Heartland Financial USA has a twelve month low of $42.10 and a twelve month high of $56.40.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. During the same quarter last year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. analysts predict that Heartland Financial USA will post 3 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Tuesday. FBR & Co set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, B. Riley set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Heartland Financial USA presently has a consensus rating of “Hold” and a consensus price target of $50.33.
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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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