Heartland Financial USA (HTLF) Scheduled to Post Quarterly Earnings on Wednesday

Heartland Financial USA (NASDAQ:HTLF) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.14 per share and revenue of $182.34 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.40. The company had revenue of $144.09 million for the quarter, compared to analysts’ expectations of $178.60 million. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same period last year, the business posted $1.37 earnings per share. On average, analysts expect Heartland Financial USA to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Heartland Financial USA Stock Up 15.1 %

Heartland Financial USA stock opened at $41.13 on Tuesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 24.34 and a beta of 1.06. The company has a 50-day simple moving average of $34.13 and a 200-day simple moving average of $33.76. Heartland Financial USA has a one year low of $26.10 and a one year high of $42.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. Heartland Financial USA’s dividend payout ratio is presently 71.01%.

Analysts Set New Price Targets

HTLF has been the topic of a number of research analyst reports. TheStreet lowered Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Thursday, February 29th. 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. Finally, Stephens reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and an average target price of $39.80.

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.