Heartland Financial USA Inc (HTLF) Expected to Post Quarterly Sales of $132.63 Million

Equities research analysts forecast that Heartland Financial USA Inc (NASDAQ:HTLF) will report $132.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Heartland Financial USA’s earnings, with estimates ranging from $130.20 million to $135.60 million. Heartland Financial USA reported sales of $116.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The business is expected to announce its next earnings results after the market closes on Monday, April 29th.

On average, analysts expect that Heartland Financial USA will report full-year sales of $555.25 million for the current fiscal year, with estimates ranging from $544.86 million to $572.30 million. For the next year, analysts anticipate that the business will report sales of $590.55 million, with estimates ranging from $581.40 million to $607.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, January 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.08). Heartland Financial USA had a net margin of 20.35% and a return on equity of 9.53%. The firm had revenue of $137.30 million for the quarter, compared to the consensus estimate of $139.99 million. During the same period in the prior year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis.

Several equities analysts recently issued reports on HTLF shares. Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Heartland Financial USA has an average rating of “Hold” and a consensus target price of $50.00.

In related news, EVP Michael J. Coyle sold 1,000 shares of Heartland Financial USA stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.57, for a total transaction of $48,570.00. Following the completion of the transaction, the executive vice president now directly owns 9,386 shares of the company’s stock, valued at approximately $455,878.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HTLF. BlackRock Inc. raised its stake in shares of Heartland Financial USA by 8.7% in the fourth quarter. BlackRock Inc. now owns 2,252,763 shares of the bank’s stock worth $99,009,000 after acquiring an additional 180,000 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Heartland Financial USA by 48.6% in the third quarter. Vanguard Group Inc now owns 2,045,793 shares of the bank’s stock worth $118,759,000 after acquiring an additional 668,960 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Heartland Financial USA by 48.6% in the third quarter. Vanguard Group Inc. now owns 2,045,793 shares of the bank’s stock worth $118,759,000 after acquiring an additional 668,960 shares during the last quarter. Northern Trust Corp raised its stake in shares of Heartland Financial USA by 22.4% in the fourth quarter. Northern Trust Corp now owns 1,379,282 shares of the bank’s stock worth $60,620,000 after acquiring an additional 252,358 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Heartland Financial USA by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,251,833 shares of the bank’s stock worth $55,018,000 after acquiring an additional 60,279 shares during the last quarter. 55.89% of the stock is owned by hedge funds and other institutional investors.

HTLF stock traded down $0.85 during trading on Tuesday, hitting $46.07. 64,472 shares of the stock traded hands, compared to its average volume of 102,346. Heartland Financial USA has a one year low of $41.57 and a one year high of $61.95. The company has a market capitalization of $1.59 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.11 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21.

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

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