Heartland Financial USA (NASDAQ:HTLF) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Heartland Financial USA (NASDAQ:HTLF) posted its quarterly earnings data on Monday. The bank reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08, Briefing.com reports. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same quarter in the previous year, the company posted $1.22 EPS.

Heartland Financial USA Trading Up 15.1 %

Shares of HTLF stock opened at $41.13 on Tuesday. 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 stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 24.34 and a beta of 1.06. Heartland Financial USA has a 12-month low of $26.10 and a 12-month high of $42.81. The stock’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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders 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 2.92%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 71.01%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HTLF. Piper Sandler lifted their price target on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Stephens reiterated an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Thursday, February 29th. Finally, TheStreet cut Heartland Financial USA from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.