Heartland Financial USA, Inc. (NASDAQ:HTLF) received a $50.00 price target from B. Riley in a research note issued on Tuesday. The firm currently has a “hold” rating on the bank’s stock. B. Riley’s target price suggests a potential upside of 1.73% from the company’s previous close.
Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Heartland Financial USA currently has an average rating of “Hold” and an average target price of $50.33.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded up $0.50 during midday trading on Tuesday, hitting $49.15. 83,900 shares of the stock were exchanged, compared to its average volume of 87,469. The firm has a market cap of $1,457.02, a P/E ratio of 16.49, a P/E/G ratio of 1.62 and a beta of 0.70. Heartland Financial USA has a 1 year low of $41.40 and a 1 year high of $52.65. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $109.12 million during the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a net margin of 18.84% and a return on equity of 9.71%. Heartland Financial USA’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. sell-side analysts expect that Heartland Financial USA will post 3.01 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the business. Royce & Associates LP bought a new stake in Heartland Financial USA during the 2nd quarter valued at $1,130,000. Renaissance Technologies LLC increased its stake in Heartland Financial USA by 10.3% during the 1st quarter. Renaissance Technologies LLC now owns 167,700 shares of the bank’s stock valued at $8,377,000 after purchasing an additional 15,700 shares in the last quarter. Geode Capital Management LLC increased its stake in Heartland Financial USA by 10.8% during the 1st quarter. Geode Capital Management LLC now owns 192,703 shares of the bank’s stock valued at $9,625,000 after purchasing an additional 18,783 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Heartland Financial USA by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after purchasing an additional 11,397 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in Heartland Financial USA by 66.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 156,477 shares of the bank’s stock valued at $7,370,000 after purchasing an additional 62,361 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.
About Heartland Financial USA
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.
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