Heartland Financial USA, Inc. (NASDAQ:HTLF) received a $50.00 price objective from equities research analysts at B. Riley in a report released on Tuesday. The brokerage currently has a “hold” rating on the bank’s stock. B. Riley’s price target points to a potential upside of 4.17% from the company’s current price.

HTLF has been the subject of a number of other reports. Zacks Investment Research lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub lowered shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.33.

Heartland Financial USA (NASDAQ HTLF) opened at $48.00 on Tuesday. The firm has a market cap of $1,416.59, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.58 and a beta of 0.70. Heartland Financial USA has a 12-month low of $40.95 and a 12-month high of $52.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. The business had revenue of $109.12 million during the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. sell-side analysts anticipate that Heartland Financial USA will post 3 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its holdings in shares of Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after buying an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Heartland Financial USA by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after buying an additional 195 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Heartland Financial USA by 1,973.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock worth $116,000 after buying an additional 2,348 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Heartland Financial USA by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after buying an additional 572 shares in the last quarter. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Heartland Financial USA in the second quarter worth $183,000. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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