Raymond James Financial Reaffirms “Outperform” Rating for Heartland Financial USA (HTLF)

Raymond James Financial reiterated their outperform rating on shares of Heartland Financial USA (NASDAQ:HTLF) in a report published on Tuesday morning. They currently have a $58.00 target price on the bank’s stock. The analysts noted that the move was a valuation call.

A number of other equities analysts have also issued reports on HTLF. UBS Group lowered shares of Heartland Financial USA from a strong-buy rating to an outperform rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a hold rating and set a $51.00 target price on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Heartland Financial USA from a hold rating to a buy rating in a research report on Sunday, December 31st. BidaskClub lowered shares of Heartland Financial USA from a buy rating to a hold rating in a research report on Friday, January 5th. Finally, B. Riley reiterated a hold rating and set a $50.00 target price on shares of Heartland Financial USA in a research report on Wednesday, December 13th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $54.50.

Shares of Heartland Financial USA (NASDAQ:HTLF) traded up $1.20 during mid-day trading on Tuesday, hitting $54.55. 176,600 shares of the stock were exchanged, compared to its average volume of 210,738. Heartland Financial USA has a 12 month low of $42.10 and a 12 month high of $56.40. The firm has a market capitalization of $1,660.00, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. During the same period in the prior year, the business earned $0.81 earnings per share. Heartland Financial USA’s quarterly revenue was up 12.6% on a year-over-year basis. equities research analysts anticipate that Heartland Financial USA will post 3.02 earnings per share for the current year.

The firm also recently declared a None dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 22nd were paid a dividend of $0.07 per share. This represents a dividend yield of 0.86%. This is an increase from Heartland Financial USA’s previous None dividend of $0.05. The ex-dividend date was Thursday, December 21st. Heartland Financial USA’s payout ratio is 14.86%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its stake in shares of Heartland Financial USA by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after buying an additional 195 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Heartland Financial USA by 1,973.1% during the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock worth $116,000 after buying an additional 2,348 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Heartland Financial USA by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after buying an additional 572 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Heartland Financial USA during the second quarter worth approximately $216,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Heartland Financial USA by 41.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock worth $220,000 after buying an additional 1,288 shares during the last quarter. 47.88% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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