Heartland Financial USA Inc. (HTLF) Sees Large Volume Increase
Heartland Financial USA Inc. (NASDAQ:HTLF) shares saw unusually-high trading volume on Friday . Approximately 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.
HTLF has been the subject of a number of recent analyst reports. Sandler O’Neill downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Zacks Investment Research downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. DA Davidson increased their price target on Heartland Financial USA from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on Heartland Financial USA from $35.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock 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 company’s 50 day moving average is $36.29 and its 200 day moving average is $33.65.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The business earned $104.14 million during the quarter, compared to the consensus estimate of $103 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts anticipate that Heartland Financial USA Inc. will post $3.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, August 17th.
In other Heartland Financial USA news, Director Kurt Saylor sold 4,500 shares of the business’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $34.52, for a total value of $155,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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.