Heartland Financial USA Inc (NASDAQ:HTLF) announced a quarterly dividend on Thursday, October 18th, Wall Street Journal reports. Stockholders 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 dividend 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% annually over the last three years. Heartland Financial USA has a dividend payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. 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 HTLF stock opened at $54.81 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.04. The firm has a market capitalization of $1.90 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87. Heartland Financial USA has a 12 month low of $47.00 and a 12 month high of $61.95.
Several analysts have issued reports on HTLF shares. ValuEngine lowered shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, Raymond James lowered shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.50.
In other news, Director R Michael Mccoy purchased 3,544 shares of the company’s stock in a transaction on Monday, November 5th. The shares were purchased at an average cost of $54.01 per share, with a total value of $191,411.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Martin J. Schmitz sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $60.25, for a total transaction of $482,000.00. Following the sale, the director now directly owns 68,637 shares in the company, valued at $4,135,379.25. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock worth $1,482,675 over the last ninety days. Insiders own 6.60% of the company’s stock.
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Heartland Financial USA Company Profile
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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