According to Zacks, “Heartland Financial USA, Inc. is a multi-bank holding company operating through bank subsidiaries in the states of Iowa, Wisconsin, Illinois and New Mexico and a federal savings bank subsidiary in Iowa. The Bank Subsidiaries provide full-service retail banking. Deposit products include checking and other demand deposit accounts, savings accounts, money market accounts, individual retirement accounts and other time deposits. Loans include commercial and industrial, agricultural, real estate mortgage, consumer, home equity, credit cards and lines of credit. “
Shares of Heartland Financial USA (NASDAQ:HTLF) traded up 0.86% during trading on Friday, reaching $47.15. The company’s stock had a trading volume of 20,622 shares. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.89 and a beta of 0.68. Heartland Financial USA has a one year low of $25.95 and a one year high of $49.15. The firm’s 50-day moving average price is $45.80 and its 200-day moving average price is $38.75.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, October 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.06. Heartland Financial USA had a net margin of 17.73% and a return on equity of 11.51%. During the same quarter last year, the business earned $0.69 earnings per share. On average, equities analysts anticipate that Heartland Financial USA will post $3.20 earnings per share for the current year.
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The company also recently disclosed a special dividend, which was paid on Thursday, December 29th. Investors of record on Friday, December 23rd were issued a $0.10 dividend. The ex-dividend date was Wednesday, December 21st. This represents a yield of 0.88%. Heartland Financial USA’s payout ratio is currently 12.74%.
In related news, EVP Douglas J. Horstmann sold 8,409 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $46.00, for a total value of $386,814.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.63% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in HTLF. Dubuque Bank & Trust Co. raised its position in shares of Heartland Financial USA by 1.4% in the second quarter. Dubuque Bank & Trust Co. now owns 1,718,143 shares of the company’s stock worth $60,633,000 after buying an additional 24,033 shares during the last quarter. Northern Trust Corp raised its position in shares of Heartland Financial USA by 2.1% in the third quarter. Northern Trust Corp now owns 879,017 shares of the company’s stock worth $31,706,000 after buying an additional 18,444 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Heartland Financial USA by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 754,233 shares of the company’s stock worth $26,615,000 after buying an additional 59,430 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Heartland Financial USA by 6.5% in the second quarter. Vanguard Group Inc. now owns 724,494 shares of the company’s stock worth $25,568,000 after buying an additional 43,954 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Heartland Financial USA by 3.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 576,990 shares of the company’s stock worth $20,812,000 after buying an additional 20,494 shares during the last quarter. Institutional investors own 38.84% of the company’s stock.
About Heartland Financial USA
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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