Brokerages Set Heartland Financial USA, Inc. (NASDAQ:HTLF) PT at $39.80

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.80.

Several analysts have issued reports on the company. TheStreet downgraded Heartland Financial USA from a "b" rating to a "c+" rating in a report on Tuesday, January 30th. Stephens restated an "overweight" rating and set a $45.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Piper Sandler upped their target price on Heartland Financial USA from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, January 30th. Finally, Raymond James upgraded 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 report on Thursday, February 29th.

Hedge Funds Weigh In On Heartland Financial USA

Large investors have recently made changes to their positions in the business. Principal Securities Inc. acquired a new position in Heartland Financial USA in the fourth quarter worth approximately $26,000. Signaturefd LLC increased its holdings in Heartland Financial USA by 66.3% in the third quarter. Signaturefd LLC now owns 875 shares of the bank's stock worth $26,000 after buying an additional 349 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in Heartland Financial USA in the fourth quarter worth approximately $50,000. PNC Financial Services Group Inc. increased its holdings 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 worth $50,000 after buying an additional 1,216 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its holdings in Heartland Financial USA by 37,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank's stock worth $85,000 after buying an additional 2,253 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Heartland Financial USA Trading Up 2.4 %

NASDAQ HTLF traded up $0.85 on Tuesday, hitting $35.92. 251,111 shares of the company were exchanged, compared to its average volume of 255,421. The company's 50 day moving average price is $33.79 and its 200-day moving average price is $33.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $1.54 billion, a P/E ratio of 21.23 and a beta of 1.06. Heartland Financial USA has a twelve month low of $26.10 and a twelve month high of $39.39.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.40. The firm had revenue of $144.09 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $1.37 EPS. Analysts predict that Heartland Financial USA will post 4.45 earnings per share for the current fiscal year.

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.