Heartland Financial USA, Inc. (NASDAQ:HTLF) Expected to Post Quarterly Sales of $174.56 Million

Last updated on Sunday, June 13, 2021 | 2021 MarketBeat

Wall Street brokerages expect Heartland Financial USA, Inc. (NASDAQ:HTLF) to announce $174.56 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Heartland Financial USA's earnings, with the lowest sales estimate coming in at $173.12 million and the highest estimate coming in at $176.00 million. Heartland Financial USA reported sales of $154.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.8%. The business is expected to report its next earnings report on Monday, July 26th.

According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $693.40 million for the current fiscal year, with estimates ranging from $690.80 million to $696.00 million. For the next fiscal year, analysts forecast that the company will post sales of $690.80 million, with estimates ranging from $689.60 million to $692.00 million. Zacks' sales averages are an average based on a survey of sell-side research firms that that provide coverage for Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Sunday, April 25th. The bank reported $1.20 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.10 by $0.10. Heartland Financial USA had a return on equity of 9.52% and a net margin of 24.89%. The firm had revenue of $169.92 million during the quarter, compared to the consensus estimate of $175.54 million. During the same period last year, the company earned $0.54 earnings per share.

Shares of NASDAQ HTLF opened at $49.79 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.18. The business's fifty day moving average is $49.94. Heartland Financial USA has a 1-year low of $28.37 and a 1-year high of $54.03. The firm has a market capitalization of $2.10 billion, a P/E ratio of 11.77 and a beta of 1.34.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 31st. Shareholders of record on Monday, May 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, May 14th. Heartland Financial USA's payout ratio is 23.85%.

In other news, Director John K. Schmidt sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $50.80, for a total value of $254,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Hylen purchased 3,500 shares of the company's stock in a transaction dated Tuesday, March 16th. The stock was purchased at an average price of $28.16 per share, with a total value of $98,560.00. The disclosure for this purchase can be found here. Corporate insiders own 5.30% of the company's stock.

Several hedge funds have recently made changes to their positions in HTLF. First Trust Advisors LP increased its position in shares of Heartland Financial USA by 8.0% in the first quarter. First Trust Advisors LP now owns 123,546 shares of the bank's stock valued at $5,269,000 after buying an additional 9,193 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Heartland Financial USA in the first quarter valued at $124,000. Strs Ohio boosted its stake in shares of Heartland Financial USA by 1,150.0% during the fourth quarter. Strs Ohio now owns 5,000 shares of the bank's stock valued at $201,000 after acquiring an additional 4,600 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Heartland Financial USA by 33.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 990 shares of the bank's stock valued at $40,000 after acquiring an additional 250 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Heartland Financial USA by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 10,448 shares of the bank's stock valued at $422,000 after acquiring an additional 343 shares during the last quarter. Institutional investors and hedge funds own 57.69% of the company's stock.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking products and services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, and individual retirement accounts; certificates of deposit; and other time deposits.

Featured Article: Blue-Chip Stocks

Get a free copy of the Zacks research report on Heartland Financial USA (HTLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Backdoor Roth IRA Conversion and Strategy

7 Stocks That Still Have Upside For Investors to Buy

It can be fun to invest in some speculative stocks. But it should go without saying that those stocks shouldn’t make up the bulk of your portfolio. In fact, it’s important to find a few good stocks that make up the base of your portfolio. These are momentum stocks that are in a strong uptrend.

One way to find such stocks is to look at the most active stocks (or volume leaders). Shares of these companies are among the most traded or have the highest dollar volume of shares traded in a given trading day.

Any stock may crack this list from time to time (for example, when there’s new news about the company). However, stocks tend to find their way on this list consistently that bear watching. That’s because this list indicates that there is pressure among investors to buy or sell the stock. And that makes an investor’s decision very simple.

And that’s the reason we created this special presentation. The stocks on this list are among the most actively traded stocks on the market today. They also share a similar quality. They are coming off strong years in 2020 and seem to be showing some consolidation for another leg up.

View the "7 Stocks That Still Have Upside For Investors to Buy".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.