Heartland Financial USA Inc. (NASDAQ:HTLF)’s share price dropped 2.6% during trading on Tuesday . The stock traded as low as $34.48 and last traded at $36.12, with a volume of 115,425 shares traded. The stock had previously closed at $37.07.

HTLF has been the subject of several research reports. Royal Bank Of Canada boosted their price target on shares of Heartland Financial USA from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 26th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research note on Wednesday, April 27th. DA Davidson boosted their price target on shares of Heartland Financial USA from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Sandler O’Neill downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.50.

The stock has a market capitalization of $906.79 million and a PE ratio of 12.73. The company has a 50-day moving average price of $35.00 and a 200 day moving average price of $32.14.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business had revenue of $104.14 million for the quarter, compared to analyst estimates of $103 million. The business’s revenue for the quarter was up 17.9% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%.

In other Heartland Financial USA news, Director Kurt Saylor sold 115,317 shares of the company’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $34.63, for a total transaction of $3,993,427.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

An institutional investor recently raised its position in Heartland Financial USA stock. California State Teachers Retirement System raised its position in shares of Heartland Financial USA Inc. (NASDAQ:HTLF) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,042 shares of the company’s stock after buying an additional 2,500 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Heartland Financial USA worth $1,099,000 as of its most recent filing with the SEC.

Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.

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