Heartland Financial will post a profit on Monday April 26th after the close of trading
Heartland Financial USA, Inc. (NASDAQ: HTLF) is an American financial services company with assets of approximately $ 18 billion. Yesterday the company announced the approval of its regular quarterly cash dividend. The dividend payment amount is $ 0.22 per share and is payable to shareholders of record on May 31, close of business on May 17th. Heartland Financial currently offers a dividend yield of 1.82%.
It’s notable news when you consider that Heartland is entering its denominational first quarter earnings after the close on Monday, April 26th. The stock has had positive reactions after earnings in the past. Looking back on the last eight quarterly reports, only two were negative. Overall, HTLF has seen an average post-profit move of 3.9% over the past two years, regardless of direction. This time the options market is anticipating a much larger than usual move of 11.7%.
On the charts, HTLF is up 71% year-over-year but has consolidated between $ 48 and $ 52 last month. Above is the stock’s annual high of $ 54.03, which it hit on March 18th. Below that is the stock’s 60-day moving average, a trend line that hasn’t been closed since the end of October.
Heartland Financial basically offers stability and steady growth. The bottom line is that HTLF has seen steady growth over the past few years and recently posted revenue of $ 607 million in 2020, up 6.6% year over year. Heartland Financial has also increased sales by 41.2% since 2017.
What is noteworthy, however, is that Heartland Financial posted a profit of 7.5% in 2020 and had net income of $ 138 million. However, net income has still increased over 80% since 2017. Additionally, the stock trades at a relatively low price-earnings-ratio of 13.85. HTLF offers decent growth potential as well as some modest dividend earnings, making Heartland Financial stock a solid potential long-term investment.