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BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
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CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
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ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)

Zacks: Brokerages Anticipate Heartland Financial USA, Inc. (NASDAQ:HTLF) Will Post Quarterly Sales of $175.15 Million

Last updated on Saturday, January 15, 2022 | 2022 MarketBeat

Equities analysts expect Heartland Financial USA, Inc. (NASDAQ:HTLF) to report sales of $175.15 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Heartland Financial USA's earnings, with the highest sales estimate coming in at $175.29 million and the lowest estimate coming in at $175.00 million. Heartland Financial USA reported sales of $165.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 6%. The company is expected to report its next earnings report after the market closes on Monday, January 31st.

On average, analysts expect that Heartland Financial USA will report full-year sales of $694.93 million for the current year, with estimates ranging from $689.85 million to $700.00 million. For the next fiscal year, analysts expect that the firm will report sales of $700.09 million, with estimates ranging from $694.00 million to $706.17 million. Zacks' sales calculations are a mean average based on a survey of sell-side research analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Sunday, October 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.23 by $0.04. The business had revenue of $175.27 million for the quarter, compared to analysts' expectations of $172.82 million. Heartland Financial USA had a return on equity of 10.55% and a net margin of 29.14%. During the same period in the prior year, the firm earned $1.29 EPS.

Several analysts have recently issued reports on the company. Zacks Investment Research raised Heartland Financial USA from a "hold" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Friday, January 7th. Stephens raised Heartland Financial USA from an "equal weight" rating to an "overweight" rating and set a $60.00 target price on the stock in a research report on Tuesday, October 26th.

Shares of HTLF opened at $53.89 on Friday. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 11.09 and a beta of 1.27. Heartland Financial USA has a 1 year low of $41.98 and a 1 year high of $54.03. The business's 50 day simple moving average is $50.75 and its 200-day simple moving average is $48.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.61 and a quick ratio of 0.61.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 30th. Stockholders of record on Monday, November 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 2.00%. This is an increase from Heartland Financial USA's previous quarterly dividend of $0.25. Heartland Financial USA's payout ratio is currently 22.22%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTLF. BlackRock Inc. increased its position in shares of Heartland Financial USA by 10.0% during the 3rd quarter. BlackRock Inc. now owns 4,363,420 shares of the bank's stock valued at $209,793,000 after purchasing an additional 395,116 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Heartland Financial USA by 12.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,486,884 shares of the bank's stock valued at $69,868,000 after purchasing an additional 163,998 shares during the last quarter. State Street Corp increased its position in shares of Heartland Financial USA by 13.4% during the 2nd quarter. State Street Corp now owns 1,107,836 shares of the bank's stock valued at $52,057,000 after purchasing an additional 130,889 shares during the last quarter. M&G Investment Management Ltd. bought a new position in Heartland Financial USA in the 2nd quarter valued at $5,883,000. Finally, Phocas Financial Corp. bought a new position in Heartland Financial USA in the 3rd quarter valued at $4,753,000. 59.68% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc operates as a bank holding company. The firm provides commercial banking services. It also engages in the business of community banking. The company was founded in 1981 and is headquartered in Dubuque, IA.

See Also: Equal Weight Rating

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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]

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