StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF - Free Report) in a research report released on Thursday. The firm issued a hold rating on the bank's stock.
HTLF has been the subject of several other research reports. Keefe, Bruyette & Woods lifted their price target on shares of Heartland Financial USA from $41.00 to $51.00 and gave the company a market perform rating in a research report on Tuesday, April 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 report on Tuesday, January 30th. Raymond James upgraded Heartland Financial USA from a market perform rating to a strong-buy rating and set a $41.00 price target for the company in a research note on Thursday, February 29th. Stephens reissued an overweight rating and issued a $45.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Finally, DA Davidson lifted their target price 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. Three 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, the stock presently has an average rating of Moderate Buy and an average target price of $45.00.
Check Out Our Latest Research Report on HTLF
Heartland Financial USA Stock Down 1.8 %
NASDAQ HTLF traded down $0.83 on Thursday, hitting $44.58. 345,574 shares of the company were exchanged, compared to its average volume of 350,113. Heartland Financial USA has a 12 month low of $26.44 and a 12 month high of $45.55. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.91 billion, a PE ratio of 26.86 and a beta of 0.98. The stock has a fifty day moving average of $36.74 and a 200-day moving average of $35.03.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last issued its earnings results on Monday, April 29th. The bank reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The company had revenue of $279.39 million during the quarter, compared to the consensus estimate 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 last year, the business posted $1.22 EPS. As a group, analysts forecast that Heartland Financial USA will post 4.49 earnings per share for the current year.
Heartland Financial USA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, May 10th. Heartland Financial USA's payout ratio is 72.29%.
Insiders Place Their Bets
In other news, Director Robert B. Engel sold 7,600 shares of the firm's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $25.26, for a total transaction of $191,976.00. Following the completion of the sale, the director now directly owns 17,000 shares of the company's stock, valued at approximately $429,420. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company's stock.
Institutional Trading of Heartland Financial USA
Several hedge funds have recently added to or reduced their stakes in HTLF. Signaturefd LLC raised its holdings in shares of Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank's stock worth $26,000 after purchasing an additional 349 shares during the period. Principal Securities Inc. purchased a new position in shares of Heartland Financial USA during the 4th quarter valued at $26,000. PNC Financial Services Group Inc. grew its stake 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 worth $50,000 after acquiring an additional 1,216 shares during the period. Clarity Asset Management Inc. purchased a new stake in Heartland Financial USA in the 4th quarter worth about $50,000. Finally, TFO Wealth Partners LLC raised 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 acquiring an additional 2,253 shares during the period. 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.
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