Heartland Financial USA Inc (NASDAQ:HTLF) – DA Davidson upped their FY2021 earnings estimates for shares of Heartland Financial USA in a research report issued to clients and investors on Thursday, February 13th. DA Davidson analyst J. Rulis now expects that the bank will earn $4.65 per share for the year, up from their prior forecast of $4.25.
A number of other research analysts have also recently commented on HTLF. Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating and set a $56.00 price target on the stock in a research report on Wednesday, January 29th. BidaskClub raised Heartland Financial USA from a “strong sell” rating to a “sell” rating in a research report on Friday, January 31st. Finally, Piper Sandler raised Heartland Financial USA from a “neutral” rating to an “overweight” rating and set a $53.00 price target on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $54.00.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Heartland Financial USA had a return on equity of 10.04% and a net margin of 23.65%. The business had revenue of $140.78 million for the quarter, compared to analysts’ expectations of $138.70 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share.
Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in Heartland Financial USA by 37.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 390,161 shares of the bank’s stock worth $19,406,000 after buying an additional 107,277 shares during the period. Guggenheim Capital LLC purchased a new stake in shares of Heartland Financial USA in the fourth quarter valued at approximately $4,152,000. UBS Group AG boosted its holdings in shares of Heartland Financial USA by 100.5% in the fourth quarter. UBS Group AG now owns 10,137 shares of the bank’s stock valued at $504,000 after purchasing an additional 5,080 shares during the period. Wealthspire Advisors L.P. purchased a new stake in shares of Heartland Financial USA in the fourth quarter valued at approximately $203,000. Finally, Amalgamated Bank boosted its holdings in shares of Heartland Financial USA by 17.4% in the fourth quarter. Amalgamated Bank now owns 5,583 shares of the bank’s stock valued at $278,000 after purchasing an additional 826 shares during the period. Institutional investors own 53.45% of the company’s stock.
In related news, Director Martin J. Schmitz sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the director now directly owns 69,872 shares in the company, valued at approximately $3,493,600. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian Fox sold 807 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.92, for a total value of $40,285.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,907 shares of company stock worth $395,305. 6.10% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 13th. Heartland Financial USA’s payout ratio is presently 17.39%.
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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