Heartland Financial USA, Inc. to Issue Quarterly Dividend of $0.30 (NASDAQ:HTLF)

Heartland Financial USA, Inc. (NASDAQ:HTLF) announced a quarterly dividend on Saturday, November 9th,Zacks Dividends reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.30 per share by the bank on Tuesday, November 26th. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Tuesday, November 12th.

Heartland Financial USA has raised its dividend payment by an average of 14.5% annually over the last three years. Heartland Financial USA has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heartland Financial USA to earn $4.17 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 28.8%.

Heartland Financial USA Stock Performance

HTLF stock opened at $66.40 on Friday. The stock’s 50 day simple moving average is $57.58 and its 200 day simple moving average is $50.46. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. Heartland Financial USA has a 12-month low of $27.69 and a 12-month high of $68.43. The stock has a market capitalization of $2.85 billion, a PE ratio of 37.10 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. Heartland Financial USA had a return on equity of 11.04% and a net margin of 8.79%. The firm had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, research analysts forecast that Heartland Financial USA will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a report on Friday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Heartland Financial USA has an average rating of “Moderate Buy” and a consensus price target of $45.60.

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.