Heartland Financial USA, Inc. (NASDAQ:HTLF) – Equities researchers at B. Riley raised their FY2017 earnings estimates for shares of Heartland Financial USA in a research report issued on Thursday. B. Riley analyst S. Moss now expects that the bank will post earnings per share of $3.00 for the year, up from their previous estimate of $2.99. B. Riley currently has a “Hold” rating and a $50.00 target price on the stock. B. Riley also issued estimates for Heartland Financial USA’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.86 EPS, Q4 2019 earnings at $1.05 EPS and FY2019 earnings at $4.25 EPS.

Several other research analysts also recently commented on HTLF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Tuesday, October 3rd. FBR & Co set a $50.00 target price on Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday, October 31st. BidaskClub downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Piper Jaffray Companies reissued a “buy” rating and issued a $57.00 target price on shares of Heartland Financial USA in a report on Thursday, December 14th. Finally, Zacks Investment Research raised Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Heartland Financial USA has an average rating of “Buy” and an average target price of $54.50.

Heartland Financial USA (HTLF) opened at $55.00 on Friday. The company has a market capitalization of $1,633.72, a P/E ratio of 18.64, a PEG ratio of 1.48 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 has a 1-year low of $42.10 and a 1-year high of $56.40.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. Heartland Financial USA’s revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS.

Large investors have recently bought and sold shares of the business. Earnest Partners LLC bought a new stake in shares of Heartland Financial USA during the 2nd quarter valued at $11,709,000. State Street Corp raised its position in shares of Heartland Financial USA by 48.1% during the 2nd quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after acquiring an additional 203,277 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Heartland Financial USA by 61.8% during the 2nd quarter. Wells Fargo & Company MN now owns 224,355 shares of the bank’s stock valued at $10,567,000 after acquiring an additional 85,734 shares during the last quarter. Stifel Financial Corp raised its position in shares of Heartland Financial USA by 33.9% during the 3rd quarter. Stifel Financial Corp now owns 230,290 shares of the bank’s stock valued at $11,390,000 after acquiring an additional 58,324 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Heartland Financial USA by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock valued at $52,471,000 after acquiring an additional 55,543 shares during the last quarter. 47.88% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a None dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were issued a dividend of $0.07 per share. This is an increase from Heartland Financial USA’s previous None dividend of $0.05. The ex-dividend date was Thursday, December 21st. This represents a yield of 0.86%. Heartland Financial USA’s dividend payout ratio is currently 14.92%.

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About Heartland Financial USA

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.

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

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