Heartland Financial USA, Inc. (NASDAQ:HTLF) – Investment analysts at Piper Sandler dropped their Q3 2022 earnings per share (EPS) estimates for Heartland Financial USA in a research note issued to investors on Tuesday, October 26th. Piper Sandler analyst A. Liesch now forecasts that the bank will post earnings per share of $1.19 for the quarter, down from their prior estimate of $1.23. Piper Sandler also issued estimates for Heartland Financial USA’s FY2023 earnings at $5.45 EPS. Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.04. Heartland Financial USA had a return on equity of 10.65% and a net margin of 28.82%. During the same quarter last year, the company earned $1.29 EPS.
Several other analysts have also issued reports on the company. Stephens upgraded Heartland Financial USA from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Tuesday. Zacks Investment Research lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 5th. Finally, Keefe, Bruyette & Woods upgraded Heartland Financial USA from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Tuesday, September 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Heartland Financial USA has an average rating of “Buy” and a consensus target price of $56.00.
Shares of Heartland Financial USA stock opened at $49.37 on Thursday. The business’s fifty day simple moving average is $47.77 and its 200 day simple moving average is $48.24. The firm has a market capitalization of $2.09 billion, a P/E ratio of 10.24 and a beta of 1.33. Heartland Financial USA has a 12 month…
