Wall Street analysts expect that Heartland Financial USA Inc (NASDAQ:HTLF) will report sales of $132.63 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $135.60 million and the lowest estimate coming in at $130.20 million. Heartland Financial USA reported sales of $116.30 million in the same quarter last year, which suggests a positive year over year growth rate of 14%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Heartland Financial USA will report full year sales of $555.25 million for the current year, with estimates ranging from $544.86 million to $572.30 million. For the next financial year, analysts expect that the business will post sales of $590.55 million, with estimates ranging from $581.40 million to $607.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow 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 company had revenue of $137.30 million during the quarter, compared to analyst estimates of $139.99 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis.

Several analysts have recently weighed in on HTLF shares. Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. ValuEngine downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Heartland Financial USA currently has an average rating of “Hold” and an average price target of $50.00.

NASDAQ HTLF traded up $1.07 during trading hours on Tuesday, hitting $46.21. The company had a trading volume of 66,900 shares, compared to its average volume of 89,381. Heartland Financial USA has a fifty-two week low of $41.57 and a fifty-two week high of $61.95. The company has a market cap of $1.59 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.11 and a beta of 0.91. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21.

In other news, EVP Michael J. Coyle sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $48.57, for a total transaction of $48,570.00. Following the completion of the sale, the executive vice president now directly owns 9,386 shares in the company, valued at $455,878.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC grew its stake in Heartland Financial USA by 102.4% in the fourth quarter. Squarepoint Ops LLC now owns 7,487 shares of the bank’s stock worth $329,000 after purchasing an additional 3,787 shares in the last quarter. Geode Capital Management LLC grew its stake in Heartland Financial USA by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 334,929 shares of the bank’s stock worth $14,720,000 after purchasing an additional 24,812 shares in the last quarter. Accredited Investors Inc. grew its stake in Heartland Financial USA by 12.0% in the fourth quarter. Accredited Investors Inc. now owns 129,035 shares of the bank’s stock worth $5,671,000 after purchasing an additional 13,785 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 60,279 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in 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 purchasing an additional 668,960 shares in the last quarter. Institutional investors and hedge funds own 55.89% of the company’s stock.

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

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