Heartland Financial USA, Inc. (NASDAQ:HTLF) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.13 per share by the bank on Friday, March 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11.
Shares of Heartland Financial USA (NASDAQ HTLF) traded up $0.65 during trading hours on Friday, hitting $55.50. The company’s stock had a trading volume of 136,240 shares, compared to its average volume of 180,369. Heartland Financial USA has a 12 month low of $42.10 and a 12 month high of $56.40. The firm has a market capitalization of $1,660.00, a PE ratio of 18.75, a P/E/G ratio of 1.47 and a beta of 0.69. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The company had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. equities analysts forecast that Heartland Financial USA will post 3.02 earnings per share for the current fiscal year.
A number of brokerages have weighed in on HTLF. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Tuesday, December 19th. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $58.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, UBS Group cut Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $54.50.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.
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