Heartland Financial USA Inc (NASDAQ:HTLF) declared a quarterly dividend on Thursday, October 18th, Wall Street Journal reports. Investors of record on Friday, November 16th will be paid a dividend of 0.14 per share by the bank on Friday, November 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, November 15th.

Heartland Financial USA has raised its dividend by an average of 3.2% per year over the last three years. Heartland Financial USA has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heartland Financial USA to earn $4.21 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 13.3%.

Shares of NASDAQ HTLF opened at $54.81 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of 18.27, a PEG ratio of 1.53 and a beta of 0.87. The company has a quick ratio of 0.80, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. Heartland Financial USA has a 52-week low of $47.00 and a 52-week high of $61.95.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.02. The firm had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $138.73 million. Heartland Financial USA had a net margin of 17.94% and a return on equity of 9.52%. During the same quarter in the previous year, the company earned $0.72 earnings per share. As a group, equities research analysts predict that Heartland Financial USA will post 3.6 earnings per share for the current year.

In other Heartland Financial USA news, Director Martin J. Schmitz sold 8,000 shares of Heartland Financial USA stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $60.25, for a total value of $482,000.00. Following the transaction, the director now owns 68,637 shares of the company’s stock, valued at $4,135,379.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew E. Townsend sold 1,500 shares of Heartland Financial USA stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $60.65, for a total transaction of $90,975.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,500 shares of company stock worth $1,482,675. Insiders own 6.60% of the company’s stock.

HTLF has been the subject of a number of analyst reports. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Friday, July 20th. BidaskClub upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Raymond James cut shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $59.50.

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About Heartland Financial USA

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 accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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Dividend History for Heartland Financial USA (NASDAQ:HTLF)

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