Heartland Financial USA Inc. (HTLF) Trading Up 1.7%
Shares of Heartland Financial USA Inc. (NASDAQ:HTLF) were up 1.7% on Wednesday . The stock traded as high as $36.50 and last traded at $36.44, with a volume of 63,267 shares changing hands. The stock had previously closed at $35.83.
Several analysts recently weighed in on HTLF shares. Sandler O’Neill cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Zacks Investment Research cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Keefe, Bruyette & Woods lifted their price target on shares of Heartland Financial USA from $35.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Finally, DA Davidson lifted their price target on shares of Heartland Financial USA from $42.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Heartland Financial USA has an average rating of “Buy” and a consensus price target of $37.50.
The stock has a market capitalization of $891.47 million and a price-to-earnings ratio of 11.94. The company’s 50-day moving average is $36.24 and its 200 day moving average is $33.61.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, July 25th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.08. During the same quarter in the previous year, the company posted $0.72 EPS. The company had revenue of $104.14 million for the quarter, compared to analysts’ expectations of $103 million. The business’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities research analysts forecast that Heartland Financial USA Inc. will post $3.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.40 annualized dividend and a yield of 1.10%.
In related news, Director Kurt Saylor sold 4,500 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $34.52, for a total transaction of $155,340.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
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.