Heartland Financial USA (NASDAQ:HTLF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLFFree Report) in a research note released on Thursday morning. The firm issued a hold rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Stephens reissued an overweight rating and issued a $45.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods raised their price objective on Heartland Financial USA from $41.00 to $51.00 and gave the stock a market perform rating in a report on Tuesday, April 30th. Raymond James upgraded 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. DA Davidson raised their price target on Heartland Financial USA from $36.00 to $45.00 and gave the stock a neutral rating in a research note on Tuesday, April 30th. Finally, TheStreet downgraded shares of Heartland Financial USA from a b rating to a c+ rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Heartland Financial USA currently has a consensus rating of Moderate Buy and a consensus target price of $45.00.

View Our Latest Report on Heartland Financial USA

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $45.44 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.76. The business’s fifty day moving average price is $36.95 and its two-hundred day moving average price is $35.20. The stock has a market cap of $1.94 billion, a PE ratio of 27.37 and a beta of 0.98. Heartland Financial USA has a one year low of $26.44 and a one year high of $45.88.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The bank reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Heartland Financial USA had a return on equity of 11.33% and a net margin of 8.17%. The business had revenue of $279.39 million for the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the company earned $1.22 earnings per share. On average, analysts forecast that Heartland Financial USA will post 4.49 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Insider Buying and Selling

In other Heartland Financial USA news, Director Robert B. Engel sold 7,600 shares of Heartland Financial USA stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total transaction of $191,976.00. Following the transaction, the director now directly owns 17,000 shares of the company’s stock, valued at $429,420. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Heartland Financial USA

A number of hedge funds have recently made changes to their positions in HTLF. Signaturefd LLC increased its holdings in Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after purchasing an additional 349 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Heartland Financial USA in the fourth quarter valued at about $26,000. PNC Financial Services Group Inc. raised its holdings in shares of Heartland Financial USA by 248.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock valued at $50,000 after buying an additional 1,216 shares during the period. Clarity Asset Management Inc. acquired a new position in Heartland Financial USA during the 4th quarter worth approximately $50,000. Finally, TFO Wealth Partners LLC boosted its holdings in Heartland Financial USA by 37,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock worth $85,000 after acquiring an additional 2,253 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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