Heartland Financial USA (NASDAQ:HTLF) Reaches New 52-Week High at $41.43

Heartland Financial USA, Inc. (NASDAQ:HTLF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $41.43 and last traded at $41.43, with a volume of 12052 shares trading hands. The stock had previously closed at $35.72.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HTLF. Raymond James upgraded shares of Heartland Financial USA from a "market perform" rating to a "strong-buy" rating and set a $41.00 price objective on the stock in a report on Thursday, February 29th. TheStreet downgraded Heartland Financial USA from a "b" rating to a "c+" rating in a report on Tuesday, January 30th. Piper Sandler increased their target price on Heartland Financial USA from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, January 30th. Finally, Stephens restated an "overweight" rating and set a $45.00 price target on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Three equities research 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 company's stock. According to MarketBeat.com, Heartland Financial USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.80.

Heartland Financial USA Stock Up 15.1 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $1.76 billion, a P/E ratio of 24.34 and a beta of 1.06. The stock has a 50 day moving average of $34.13 and a 200-day moving average of $33.76.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings results on Monday, January 29th. The bank reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.40. The firm had revenue of $144.09 million during the quarter, compared to analyst estimates of $178.60 million. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same period last year, the company earned $1.37 earnings per share. Research analysts predict that Heartland Financial USA, Inc. will post 4.45 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, May 10th. Heartland Financial USA's dividend payout ratio (DPR) is presently 71.01%.

Institutional Investors Weigh In On Heartland Financial USA

Several large investors have recently added to or reduced their stakes in HTLF. OLD National Bancorp IN purchased a new position in shares of Heartland Financial USA during the 4th quarter valued at about $3,009,000. HTLF Bank purchased a new position in shares of Heartland Financial USA during the fourth quarter worth approximately $55,623,000. Versor Investments LP bought a new stake in shares of Heartland Financial USA in the 3rd quarter worth approximately $245,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Heartland Financial USA by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 446,883 shares of the bank's stock worth $13,152,000 after acquiring an additional 34,571 shares during the last quarter. Finally, EJF Capital LLC purchased a new stake in shares of Heartland Financial USA in the 3rd quarter valued at $1,299,000. Institutional investors own 71.55% of the company's stock.

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.