FY2024 EPS Estimates for Heartland Financial USA, Inc. (NASDAQ:HTLF) Raised by Analyst

Heartland Financial USA, Inc. (NASDAQ:HTLF) – Equities researchers at DA Davidson lifted their FY2024 EPS estimates for Heartland Financial USA in a report released on Tuesday, April 30th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $4.59 per share for the year, up from their prior estimate of $4.50. DA Davidson currently has a “Neutral” rating and a $45.00 target price on the stock. The consensus estimate for Heartland Financial USA’s current full-year earnings is $4.46 per share.

A number of other research firms have also weighed in on HTLF. TheStreet lowered shares of Heartland Financial USA from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Thursday, February 29th. Piper Sandler boosted their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Heartland Financial USA from $41.00 to $51.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Heartland Financial USA Stock Down 0.1 %

NASDAQ:HTLF opened at $42.08 on Thursday. Heartland Financial USA has a 1-year low of $26.10 and a 1-year high of $43.17. The company has a 50-day moving average of $34.48 and a 200 day moving average of $33.91. The firm has a market cap of $1.80 billion, a PE ratio of 25.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.50%. The company had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same period in the prior year, the firm earned $1.22 earnings per share.

Heartland Financial USA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 2.85%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 72.29%.

Hedge Funds Weigh In On Heartland Financial USA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in Heartland Financial USA in the 4th quarter worth approximately $26,000. Signaturefd LLC increased its holdings in Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock worth $26,000 after buying an additional 349 shares during the period. Clarity Asset Management Inc. acquired a new position in Heartland Financial USA in the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. increased its holdings in Heartland Financial USA by 248.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock worth $50,000 after buying an additional 1,216 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in Heartland Financial USA by 37,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock worth $85,000 after buying an additional 2,253 shares during the period. Institutional investors and hedge funds 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.