Heartland Financial USA Inc. (HTLF) Sees Large Volume Increase
Shares of Heartland Financial USA Inc. (NASDAQ:HTLF) saw an uptick in trading volume on Friday . 72,097 shares traded hands during trading, an increase of 34% from the previous session’s volume of 53,860 shares.The stock last traded at $36.92 and had previously closed at $36.44.
A number of research firms have recently commented on HTLF. Keefe, Bruyette & Woods lifted their target price on Heartland Financial USA from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. DA Davidson lifted their target price on Heartland Financial USA from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. Zacks Investment Research upgraded Heartland Financial USA from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Wednesday, July 27th. Finally, Sandler O’Neill cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.50.
The stock has a market capitalization of $911.11 million and a P/E ratio of 12.20. The firm has a 50 day moving average of $36.29 and a 200 day moving average of $33.65.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.08. The firm earned $104.14 million during the quarter, compared to analysts’ expectations of $103 million. Heartland Financial USA’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. On average, equities research analysts forecast that Heartland Financial USA Inc. will post $3.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.40 annualized dividend and a yield of 1.08%.
In related news, Director Kurt Saylor sold 4,500 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $34.52, for a total value of $155,340.00. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.
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