Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to report $137.46 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Heartland Financial USA’s earnings, with the lowest sales estimate coming in at $134.54 million and the highest estimate coming in at $139.10 million. Heartland Financial USA posted sales of $140.44 million during the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The business is expected to report its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Heartland Financial USA will report full-year sales of $539.97 million for the current year, with estimates ranging from $531.14 million to $545.70 million. For the next fiscal year, analysts expect that the firm will report sales of $565.81 million, with estimates ranging from $551.98 million to $574.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 29th. The bank reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.32. Heartland Financial USA had a net margin of 23.19% and a return on equity of 10.37%. The business had revenue of $138.77 million during the quarter, compared to analyst estimates of $135.69 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share.

A number of research firms have recently issued reports on HTLF. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Piper Jaffray Companies dropped their target price on shares of Heartland Financial USA from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. ValuEngine raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Friday, July 26th.

Several institutional investors have recently added to or reduced their stakes in HTLF. Norges Bank bought a new position in Heartland Financial USA during the 4th quarter worth $11,912,000. Nuveen Asset Management LLC boosted its position in Heartland Financial USA by 18.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 888,052 shares of the bank’s stock worth $39,723,000 after acquiring an additional 138,029 shares during the period. MidWestOne Financial Group Inc. acquired a new position in Heartland Financial USA during the 2nd quarter worth $5,970,000. BlackRock Inc. boosted its position in Heartland Financial USA by 5.6% during the 2nd quarter. BlackRock Inc. now owns 2,320,889 shares of the bank’s stock worth $103,813,000 after acquiring an additional 122,877 shares during the period. Finally, Vanguard Group Inc. boosted its position in Heartland Financial USA by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,241,476 shares of the bank’s stock worth $100,260,000 after acquiring an additional 80,897 shares during the period. 50.32% of the stock is owned by institutional investors and hedge funds.

Shares of Heartland Financial USA stock traded down $0.14 during trading hours on Thursday, reaching $42.93. 102,200 shares of the company’s stock were exchanged, compared to its average volume of 100,914. Heartland Financial USA has a 1 year low of $40.80 and a 1 year high of $61.95. The company has a market capitalization of $1.63 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.95. The business has a fifty day moving average of $44.86 and a two-hundred day moving average of $45.09. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.19.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.18 per share. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. Heartland Financial USA’s dividend payout ratio is presently 20.45%.

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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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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