Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) - Research analysts at DA Davidson boosted their FY2024 earnings estimates for shares of Heartland Financial USA in a note issued to investors 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 previous 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.
HTLF has been the topic of several other reports. Stephens restated an "overweight" rating and set a $45.00 target price on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Piper Sandler increased their price target on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, January 30th. TheStreet lowered shares of Heartland Financial USA from a "b" rating to a "c+" rating in a research report 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 price target on the stock in a research report on Thursday, February 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Heartland Financial USA from $41.00 to $51.00 and gave the company a "market perform" rating in a research report on Tuesday. Three equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.00.
Check Out Our Latest Report on HTLF
Heartland Financial USA Stock Performance
Shares of Heartland Financial USA stock traded up $1.17 on Thursday, reaching $43.25. 885,963 shares of the stock were exchanged, compared to its average volume of 317,361. Heartland Financial USA has a 1-year low of $26.10 and a 1-year high of $43.53. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $34.48 and a two-hundred day moving average price of $33.91. The firm has a market capitalization of $1.85 billion, a PE ratio of 25.99 and a beta of 0.98.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last announced its earnings results on Monday, April 29th. The bank reported $1.22 EPS for the quarter, beating 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 business had revenue of $279.39 million during the quarter, compared to analysts' expectations of $182.73 million. During the same period in the prior year, the company earned $1.22 earnings per share.
Hedge Funds Weigh In On Heartland Financial USA
A number of large investors have recently bought and sold shares of the stock. OLD National Bancorp IN acquired a new stake in Heartland Financial USA during the 4th quarter valued at $3,009,000. HTLF Bank acquired a new position in Heartland Financial USA during the 4th quarter worth $55,623,000. Versor Investments LP acquired a new position in Heartland Financial USA during the 3rd quarter worth $245,000. Charles Schwab Investment Management Inc. grew its holdings in Heartland Financial USA by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 446,883 shares of the bank's stock worth $13,152,000 after acquiring an additional 34,571 shares in the last quarter. Finally, EJF Capital LLC acquired a new position in Heartland Financial USA during the 3rd quarter worth $1,299,000. Hedge funds and other institutional investors own 71.55% of the company's stock.
Heartland Financial USA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, May 10th. Heartland Financial USA's dividend payout ratio is currently 72.29%.
About Heartland Financial USA
(
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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.
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