Heartland Financial USA (NASDAQ:HTLF) Releases Earnings Results

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) released its quarterly earnings data on Monday. The bank reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.08, Briefing.com reports. The firm had revenue of $279.39 million during the quarter, compared to analysts' expectations of $182.73 million. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same quarter last year, the firm earned $1.22 earnings per share.

Heartland Financial USA Stock Performance

Shares of NASDAQ HTLF traded up $0.98 during trading hours on Tuesday, hitting $42.11. 1,464,218 shares of the company's stock were exchanged, compared to its average volume of 298,983. Heartland Financial USA has a 1-year low of $26.10 and a 1-year high of $43.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.05 and a beta of 1.06. The company's 50-day moving average price is $34.13 and its 200-day moving average price is $33.76.

Heartland Financial USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.85%. Heartland Financial USA's dividend payout ratio is presently 71.01%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HTLF. TheStreet cut Heartland Financial USA from a "b" rating to a "c+" rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods boosted their price target on Heartland Financial USA from $41.00 to $51.00 and gave the stock a "market perform" rating in a research report on Tuesday. Raymond James raised Heartland Financial USA from a "market perform" rating to a "strong-buy" rating and set a $41.00 price target for the company in a research report on Thursday, February 29th. Stephens reaffirmed an "overweight" rating and issued a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Finally, Piper Sandler boosted their price target on Heartland Financial USA from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 30th. Three 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 company's stock. According to MarketBeat.com, Heartland Financial USA presently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

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.