Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives $45.60 Average PT from Brokerages

Heartland Financial USA, Inc. (NASDAQ:HTLFGet Free Report) has earned a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.60.

HTLF has been the topic of several recent analyst reports. DA Davidson upped their price target on Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods raised Heartland Financial USA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $51.00 to $54.00 in a research report on Friday, May 31st. Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Thursday, February 29th. Finally, StockNews.com started coverage on Heartland Financial USA in a research report on Monday. They issued a “hold” rating on the stock.

Read Our Latest Analysis on HTLF

Heartland Financial USA Trading Down 0.2 %

Shares of NASDAQ HTLF opened at $42.83 on Wednesday. Heartland Financial USA has a 12 month low of $26.44 and a 12 month high of $45.99. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 25.80 and a beta of 0.98. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $41.13 and a 200-day simple moving average of $37.31.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. The firm had revenue of $279.39 million for the quarter, compared to analyst estimates of $182.73 million. Heartland Financial USA had a return on equity of 11.33% and a net margin of 8.17%. During the same period in the previous year, the firm earned $1.22 earnings per share. Sell-side analysts predict that Heartland Financial USA will post 4.5 EPS for the current year.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 72.29%.

Insider Transactions at Heartland Financial USA

In other news, Director Robert B. Engel sold 5,928 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $25.20, for a total transaction of $149,385.60. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $277,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert B. Engel sold 5,928 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $25.20, for a total transaction of $149,385.60. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $277,200. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert B. Engel sold 7,600 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total value of $191,976.00. Following the sale, the director now owns 17,000 shares of the company’s stock, valued at approximately $429,420. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,529 shares of company stock worth $341,387. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Heartland Financial USA

A number of hedge funds have recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in Heartland Financial USA in the 4th quarter valued at $26,000. Clarity Asset Management Inc. acquired a new stake in Heartland Financial USA in the 4th quarter valued at $50,000. TFO Wealth Partners LLC boosted its stake 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 valued at $85,000 after buying an additional 2,253 shares in the last quarter. Covestor Ltd boosted its stake in Heartland Financial USA by 79.8% in the 3rd quarter. Covestor Ltd now owns 2,969 shares of the bank’s stock valued at $87,000 after buying an additional 1,318 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Heartland Financial USA by 695.2% in the 1st quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock valued at $99,000 after buying an additional 2,454 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

About Heartland Financial USA

(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.

Featured Articles

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.