Heartland Financial USA, Inc. (NASDAQ:HTLF) Expected to Post Q2 2022 Earnings of $1.15 Per Share

Heartland Financial USA, Inc. (NASDAQ:HTLFGet Rating) – Analysts at DA Davidson issued their Q2 2022 earnings estimates for shares of Heartland Financial USA in a research note issued on Tuesday, April 26th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $1.15 for the quarter. DA Davidson also issued estimates for Heartland Financial USA’s FY2023 earnings at $5.30 EPS.

Heartland Financial USA (NASDAQ:HTLFGet Rating) last issued its earnings results on Monday, April 25th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.08. The firm had revenue of $169.25 million for the quarter, compared to analyst estimates of $169.05 million. Heartland Financial USA had a return on equity of 10.91% and a net margin of 30.64%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Wednesday, February 2nd. StockNews.com lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd.

Heartland Financial USA stock opened at $44.63 on Thursday. Heartland Financial USA has a 52 week low of $42.84 and a 52 week high of $54.00. The business has a 50-day simple moving average of $48.36 and a 200 day simple moving average of $50.01. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 8.93 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.08 annualized dividend and a yield of 2.42%. Heartland Financial USA’s dividend payout ratio is 21.60%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M3F Inc. bought a new stake in Heartland Financial USA during the third quarter valued at about $3,095,000. BlackRock Inc. lifted its stake in Heartland Financial USA by 10.0% in the third quarter. BlackRock Inc. now owns 4,363,420 shares of the bank’s stock worth $209,793,000 after purchasing an additional 395,116 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Heartland Financial USA by 0.8% in the third quarter. New York State Common Retirement Fund now owns 521,644 shares of the bank’s stock worth $25,081,000 after purchasing an additional 4,392 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Heartland Financial USA by 38.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 10,430 shares of the bank’s stock worth $501,000 after purchasing an additional 2,910 shares during the last quarter. Finally, Jefferies Group LLC bought a new stake in shares of Heartland Financial USA during the third quarter valued at approximately $214,000. 59.92% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Financial USA Company Profile (Get Rating)

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.

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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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