Heartland Financial USA Inc (HTLF) Receives Average Rating of “Buy” from Analysts

Heartland Financial USA Inc (NASDAQ:HTLF) has received an average rating of “Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $56.20.

Several research firms have weighed in on HTLF. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS cut Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, January 9th. B. Riley restated a “hold” rating and set a $59.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $63.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th.

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In other news, Director Kurt Saylor sold 22,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $53.32, for a total value of $1,199,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 90,000 shares of company stock valued at $4,883,400 over the last quarter. 9.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HTLF. Earnest Partners LLC lifted its stake in shares of Heartland Financial USA by 257.3% in the 4th quarter. Earnest Partners LLC now owns 972,537 shares of the bank’s stock valued at $52,177,000 after acquiring an additional 700,383 shares during the last quarter. Dubuque Bank & Trust Co. lifted its stake in shares of Heartland Financial USA by 12.2% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,768,893 shares of the bank’s stock valued at $94,901,000 after acquiring an additional 192,188 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Heartland Financial USA by 123.7% in the 4th quarter. Thrivent Financial For Lutherans now owns 224,664 shares of the bank’s stock valued at $12,053,000 after acquiring an additional 124,232 shares during the last quarter. PrairieView Partners LLC bought a new position in shares of Heartland Financial USA in the 4th quarter valued at $5,452,000. Finally, BlackRock Inc. lifted its stake in shares of Heartland Financial USA by 5.6% in the 4th quarter. BlackRock Inc. now owns 1,593,107 shares of the bank’s stock valued at $85,471,000 after acquiring an additional 84,486 shares during the last quarter. Institutional investors own 52.48% of the company’s stock.

Heartland Financial USA stock traded down $1.60 during midday trading on Monday, reaching $51.60. The company’s stock had a trading volume of 185,688 shares, compared to its average volume of 148,869. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. Heartland Financial USA has a 12-month low of $42.10 and a 12-month high of $56.40. The company has a market capitalization of $1,652.08, a PE ratio of 19.40, a PEG ratio of 1.41 and a beta of 0.72.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Heartland Financial USA had a return on equity of 9.64% and a net margin of 16.16%. The firm had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. During the same period in the prior year, the company earned $0.74 earnings per share. equities research analysts expect that Heartland Financial USA will post 3.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 15th. Heartland Financial USA’s dividend payout ratio is presently 19.55%.

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Heartland Financial USA Company Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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