Heartland Financial USA Inc (HTLF) Releases Earnings Results, Beats Expectations By $0.07 EPS

Heartland Financial USA Inc (HTLF) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.84 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.77. The company posted revenue of $104.14 million in the period, compared to analysts expectations of $104.36 million. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Heartland Financial USA Inc opened for trading at $36.2 and hit $36.57 on the upside on Wednesday, eventually ending the session at $36.5, with a gain of 0.97% or 0.35 points. The heightened volatility saw the trading volume jump to 60,986 shares. Company has a market cap of $895 M.

Investors should note that on Jul 21, 2016, Heartland Financial USA Inc announced a cash dividend of $0.1000. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 2, 2016.

In a different news, on Jun 21, 2016, Kurt Saylor (director) sold 4,500 shares at $34.52 per share price. According to the SEC, on Nov 16, 2015, Kenneth J Erickson (EVP, Chief Credit Officer) sold 5,000 shares at $38.79 per share price. On May 6, 2015, Lynn B Fuller (CEO) purchased 26,900 shares at $33.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Heartland Financial USA Inc. (Heartland) is a multi-bank holding company. The Company operates through two business segments community and other banking and retail mortgage banking. The community and other banking segment involve making loans to and generating deposits from individuals and businesses in the markets where Heartland has banks. The retail mortgage banking segment involves the origination of residential loans and subsequent sale of those loans to investors. The Company conducts its community banking business through independently chartered community banks (collectively the Bank Subsidiaries) in the states of Iowa Illinois Wisconsin New Mexico Arizona Montana Colorado Minnesota Missouri and Kansas. The Bank Subsidiaries provides banking services such as commercial banking small business banking agricultural loans residential real estate mortgage lending retail banking consumer finance and wealth management and retirement plan services.

Heartland Financial USA Inc

Leave a Reply

Heartland Financial USA Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Heartland Financial USA Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.