Heartland Financial USA Inc (NASDAQ:HTLF) declared a quarterly dividend on Thursday, October 18th, Wall Street Journal reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.14 per share by the bank on Friday, November 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, November 15th.

Heartland Financial USA has increased its dividend by an average of 3.2% per year over the last three years. Heartland Financial USA has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heartland Financial USA to earn $4.25 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 13.2%.

Shares of Heartland Financial USA stock traded down $0.81 during trading on Thursday, reaching $54.45. The company’s stock had a trading volume of 74,809 shares, compared to its average volume of 130,883. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $2.00 billion, a PE ratio of 18.35, a PEG ratio of 1.61 and a beta of 0.74. Heartland Financial USA has a one year low of $46.50 and a one year high of $61.95.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, July 23rd. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The business had revenue of $129.04 million during the quarter, compared to the consensus estimate of $129.51 million. Heartland Financial USA had a return on equity of 9.06% and a net margin of 16.67%. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Research analysts forecast that Heartland Financial USA will post 3.6 earnings per share for the current year.

HTLF has been the topic of a number of recent analyst reports. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Raymond James lowered Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $57.60.

In related news, Director Martin J. Schmitz sold 5,531 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $60.00, for a total transaction of $331,860.00. Following the transaction, the director now directly owns 68,637 shares in the company, valued at $4,118,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin J. Schmitz sold 2,802 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $60.00, for a total value of $168,120.00. Following the transaction, the director now owns 68,637 shares in the company, valued at $4,118,220. The disclosure for this sale can be found here. Insiders have sold 32,833 shares of company stock worth $1,982,655 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

About Heartland Financial USA

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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Dividend History for Heartland Financial USA (NASDAQ:HTLF)

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