Raymond James Financial restated their outperform rating on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report sent to investors on Tuesday. They currently have a $58.00 price target on the bank’s stock. The analysts noted that the move was a valuation call.

Other analysts have also recently issued reports about the company. ValuEngine raised Heartland Financial USA from a hold rating to a buy rating in a report on Sunday, December 31st. BidaskClub raised Heartland Financial USA from a hold rating to a buy rating in a report on Monday, December 18th. Piper Jaffray Companies reissued a buy rating and set a $57.00 price target on shares of Heartland Financial USA in a report on Thursday, December 14th. B. Riley reissued a hold rating and set a $50.00 price target on shares of Heartland Financial USA in a report on Wednesday, December 13th. Finally, FBR & Co set a $50.00 price target on Heartland Financial USA and gave the stock a hold rating in a report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $54.50.

Shares of Heartland Financial USA (HTLF) traded up $0.55 during midday trading on Tuesday, hitting $53.35. The stock had a trading volume of 220,516 shares, compared to its average volume of 215,614. 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 has a one year low of $42.10 and a one year high of $56.40. The company has a market cap of $1,590.00, a P/E ratio of 18.02, a P/E/G ratio of 1.53 and a beta of 0.69.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $109.12 million during the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. equities analysts predict that Heartland Financial USA will post 3.02 EPS for the current fiscal year.

The company also recently declared a None dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 22nd were issued a dividend of $0.07 per share. This is a boost from Heartland Financial USA’s previous None dividend of $0.05. This represents a yield of 0.86%. The ex-dividend date was Thursday, December 21st. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.86%.

A number of large investors have recently added to or reduced their stakes in HTLF. Schwab Charles Investment Management Inc. raised its holdings in Heartland Financial USA by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after acquiring an additional 11,397 shares in the last quarter. Rhumbline Advisers raised its holdings in Heartland Financial USA by 7.3% in the 2nd quarter. Rhumbline Advisers now owns 30,591 shares of the bank’s stock valued at $1,441,000 after acquiring an additional 2,080 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Heartland Financial USA by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 301,737 shares of the bank’s stock valued at $14,211,000 after acquiring an additional 22,115 shares in the last quarter. Legal & General Group Plc raised its holdings in Heartland Financial USA by 7.1% in the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock valued at $282,000 after acquiring an additional 394 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Heartland Financial USA by 1,973.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,348 shares in the last quarter. 47.88% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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