Heartland Financial USA, Inc. (HTLF) To Go Ex-Dividend on May 10th

Heartland Financial USA, Inc. (NASDAQ:HTLF) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.30 per share by the bank on Tuesday, May 28th. This represents a $1.20 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, May 10th.

Heartland Financial USA has raised its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Heartland Financial USA has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Heartland Financial USA to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.8%.

Heartland Financial USA Stock Performance

HTLF traded up $0.24 on Friday, hitting $35.72. The company had a trading volume of 193,895 shares, compared to its average volume of 211,812. The company’s fifty day moving average price is $33.99 and its 200 day moving average price is $33.63. Heartland Financial USA has a 1-year low of $26.10 and a 1-year high of $39.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 21.14 and a beta of 1.06.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, January 29th. The bank reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.40. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. The firm had revenue of $144.09 million during the quarter, compared to analyst estimates of $178.60 million. During the same period in the previous year, the company earned $1.37 EPS. Equities analysts predict that Heartland Financial USA will post 4.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HTLF shares. TheStreet cut Heartland Financial USA from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Raymond James upgraded Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Thursday, February 29th. Stephens reiterated an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Finally, Piper Sandler upped their price target on Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.