Equities Analysts Offer Predictions for Heartland Financial USA, Inc.’s FY2024 Earnings (NASDAQ:HTLF)

Heartland Financial USA, Inc. (NASDAQ:HTLF) – Equities researchers at DA Davidson lifted their FY2024 EPS estimates for shares of Heartland Financial USA in a research note issued on Tuesday, April 30th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $4.59 per share for the year, up from their prior forecast of $4.50. DA Davidson has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for Heartland Financial USA’s current full-year earnings is $4.49 per share.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the firm posted $1.22 EPS.

Several other equities analysts have also weighed in on the stock. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Thursday, February 29th. TheStreet cut shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Piper Sandler raised their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Heartland Financial USA from $41.00 to $51.00 and gave the stock a “market perform” rating in a report on Tuesday. 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. Based on data from MarketBeat.com, Heartland Financial USA has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $43.94 on Thursday. Heartland Financial USA has a twelve month low of $26.10 and a twelve month high of $44.04. 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 company has a 50-day moving average of $34.90 and a 200-day moving average of $34.08. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 26.47 and a beta of 0.98.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Institutional Trading of Heartland Financial USA

Several institutional investors have recently made changes to their positions in the stock. Choreo LLC boosted its holdings in shares of Heartland Financial USA by 8.6% during the first quarter. Choreo LLC now owns 9,211 shares of the bank’s stock worth $324,000 after purchasing an additional 728 shares during the period. Sippican Capital Advisors boosted its holdings in shares of Heartland Financial USA by 78.8% during the first quarter. Sippican Capital Advisors now owns 25,748 shares of the bank’s stock worth $905,000 after purchasing an additional 11,346 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Heartland Financial USA by 67.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,827 shares of the bank’s stock worth $1,189,000 after purchasing an additional 12,795 shares during the period. Principal Financial Group Inc. lifted its stake in Heartland Financial USA by 33.8% in the first quarter. Principal Financial Group Inc. now owns 23,256 shares of the bank’s stock valued at $817,000 after acquiring an additional 5,869 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Heartland Financial USA by 2.8% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 75,830 shares of the bank’s stock valued at $2,665,000 after acquiring an additional 2,070 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.