Heartland Financial USA (HTLF) Given “Hold” Rating at B. Riley
B. Riley reiterated their hold rating on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report released on Wednesday morning. The brokerage currently has a $50.00 target price on the bank’s stock.
HTLF has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of Heartland Financial USA from a buy rating to a hold rating in a research note on Tuesday. Finally, FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the company a hold rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $50.33.
Shares of Heartland Financial USA (HTLF) traded up $0.45 during trading hours on Wednesday, hitting $51.20. 96,200 shares of the stock traded hands, compared to its average volume of 89,452. The company has a market capitalization of $1,530.00, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a 52-week low of $42.10 and a 52-week high of $56.40.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $109.12 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. equities research analysts expect that Heartland Financial USA will post 3 earnings per share for the current fiscal year.
The business also recently declared a None dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be paid a $0.07 dividend. This is an increase from Heartland Financial USA’s previous None dividend of $0.05. The ex-dividend date is Thursday, December 21st. Heartland Financial USA’s dividend payout ratio is presently 14.86%.
Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP bought a new position in Heartland Financial USA in the second quarter worth about $1,130,000. Kennedy Capital Management Inc. raised its stake in Heartland Financial USA by 66.3% in the second quarter. Kennedy Capital Management Inc. now owns 156,477 shares of the bank’s stock worth $7,370,000 after buying an additional 62,361 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Heartland Financial USA by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock worth $6,783,000 after buying an additional 11,397 shares in the last quarter. Northern Trust Corp raised its stake in Heartland Financial USA by 1.9% in the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock worth $44,403,000 after buying an additional 17,570 shares in the last quarter. Finally, State Street Corp raised its stake in Heartland Financial USA by 48.1% in the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock worth $29,489,000 after buying an additional 203,277 shares in the last quarter. 47.88% of the stock is owned by institutional investors.
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About Heartland Financial USA
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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