Heartland Financial USA (NASDAQ:HTLF) Given New $45.00 Price Target at DA Davidson

Heartland Financial USA (NASDAQ:HTLF) had its price target lifted by analysts at DA Davidson from $36.00 to $45.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective points to a potential upside of 6.38% from the company’s current price.

A number of other research firms have also issued reports on HTLF. TheStreet lowered shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Thursday, February 29th. Stephens reiterated an “overweight” rating and issued a $45.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Piper Sandler upped their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Heartland Financial USA from $41.00 to $51.00 and gave the stock a “market perform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Heartland Financial USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Heartland Financial USA Trading Up 2.8 %

Heartland Financial USA stock traded up $1.17 during mid-day trading on Tuesday, hitting $42.30. The company’s stock had a trading volume of 724,098 shares, compared to its average volume of 289,723. Heartland Financial USA has a 1 year low of $26.10 and a 1 year high of $43.17. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.81 billion, a PE ratio of 25.05 and a beta of 1.06. The stock’s fifty day moving average is $34.13 and its two-hundred day moving average is $33.76.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. The company had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the firm posted $1.22 earnings per share. On average, analysts anticipate that Heartland Financial USA will post 4.45 EPS for the current year.

Hedge Funds Weigh In On Heartland Financial USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTLF. Principal Securities Inc. purchased a new stake in shares of Heartland Financial USA during the 4th quarter worth approximately $26,000. Signaturefd LLC lifted its position in Heartland Financial USA by 66.3% in the third quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after acquiring an additional 349 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in Heartland Financial USA in the fourth quarter valued at $50,000. PNC Financial Services Group Inc. boosted its stake in Heartland Financial USA by 248.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,216 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Heartland Financial USA by 37,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock worth $85,000 after purchasing an additional 2,253 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.