Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking 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, individual retirement, and health savings accounts; certificates of deposit; and other time deposits. The company also offers commercial and industrial loans; commercial real estate loans; real estate mortgage loans; small business loans; agricultural loans; consumer loans comprising motor vehicle and home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use. In addition, it provides online banking, mobile banking, telephone banking, bill payment, automated clearing house, wire transfer, zero balance account, transaction reporting, lock box, remote deposit capture, accounts receivable, investment sweep account, reconciliation, treasury management, wealth management, trust, foreign exchange, and various fraud prevention services, such as check and electronic positive pay, as well as commercial purchasing and merchant credit cards, debit cards, and automated teller machines. Further, the company offers investment services, such as mutual funds, annuities, retirement products, education savings products, and brokerage services, as well as vehicle, property and casualty, and life and disability insurance products. Additionally, it is involved in the community development, consumer finance, multi-line insurance agency, and property management businesses. The company operates through 129 banking locations in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California. Heartland Financial USA, Inc. was founded in 1981 and is headquartered in Dubuque, Iowa.
Heartland Financial USA Price Performance
Shares of HTLF opened at $47.18 on Monday. Heartland Financial USA has a 1-year low of $39.27 and a 1-year high of $54.00. The stock has a market cap of $2.00 billion, a PE ratio of 10.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a fifty day moving average price of $42.99 and a 200 day moving average price of $45.74.
Heartland Financial USA (NASDAQ:HTLF - Get Rating) last announced its earnings results on Monday, July 25th. The bank reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.12. Heartland Financial USA had a net margin of 28.71% and a return on equity of 11.06%. The business had revenue of $177.00 million during the quarter, compared to analysts' expectations of $172.76 million. During the same period in the prior year, the company earned $1.41 earnings per share. The business's revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Heartland Financial USA will post 4.64 EPS for the current year.
Heartland Financial USA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.29%. Heartland Financial USA's payout ratio is 23.08%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Heartland Financial USA from a "buy" rating to a "hold" rating in a research report on Thursday, May 5th.