Heartland Financial USA (NASDAQ:HTLF) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Monday, December 18th.
A number of other brokerages also recently weighed in on HTLF. B. Riley set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies restated a “buy” rating and set a $57.00 price objective on shares of Heartland Financial USA in a research report on Thursday, December 14th. FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Heartland Financial USA has an average rating of “Buy” and an average target price of $54.50.
Shares of Heartland Financial USA (HTLF) traded up $0.45 on Monday, reaching $55.00. 195,662 shares of the company’s stock were exchanged, compared to its average volume of 209,056. The stock has a market capitalization of $1,660.00, a PE ratio of 18.58, a PEG ratio of 1.53 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a twelve month low of $42.10 and a twelve month high of $56.40.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. The business had revenue of $109.12 million for the quarter, compared to analysts’ expectations of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. sell-side analysts forecast that Heartland Financial USA will post 3.02 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in Heartland Financial USA by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after acquiring an additional 195 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Heartland Financial USA by 1,973.1% in the 2nd 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 in the last quarter. Victory Capital Management Inc. grew its stake in shares of Heartland Financial USA by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after buying an additional 572 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in shares of Heartland Financial USA in the 2nd quarter worth $183,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Heartland Financial USA in the 2nd quarter worth $216,000. 47.88% of the stock is owned by hedge funds and other institutional investors.
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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.
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