Zacks Investment Research Downgrades Heartland Financial USA (NASDAQ:HTLF) to Hold

Heartland Financial USA (NASDAQ:HTLFGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Heartland Financial USA, Inc. is a multi-bank holding company operating through bank subsidiaries in the states of Iowa, Wisconsin, Illinois and New Mexico and a federal savings bank subsidiary in Iowa. The Bank Subsidiaries provide full-service retail banking. Deposit products include checking and other demand deposit accounts, savings accounts, money market accounts, individual retirement accounts and other time deposits. Loans include commercial and industrial, agricultural, real estate mortgage, consumer, home equity, credit cards and lines of credit. “

Separately, StockNews.com cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Thursday, May 5th.

HTLF opened at $42.05 on Friday. Heartland Financial USA has a 1-year low of $41.10 and a 1-year high of $54.00. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.78 billion, a P/E ratio of 8.55 and a beta of 1.17. The company has a fifty day moving average price of $47.25 and a two-hundred day moving average price of $49.57.

Heartland Financial USA (NASDAQ:HTLFGet Rating) last posted its quarterly earnings results on Monday, April 25th. The bank reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.08. Heartland Financial USA had a net margin of 30.31% and a return on equity of 10.70%. The firm had revenue of $169.25 million during the quarter, compared to the consensus estimate of $169.05 million. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, research analysts forecast that Heartland Financial USA will post 4.49 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HTLF. American Century Companies Inc. boosted its stake in Heartland Financial USA by 2.5% in the fourth quarter. American Century Companies Inc. now owns 66,566 shares of the bank’s stock valued at $3,369,000 after acquiring an additional 1,628 shares during the last quarter. M3F Inc. purchased a new stake in shares of Heartland Financial USA during the 3rd quarter valued at approximately $3,095,000. BlackRock Inc. lifted its stake in shares of Heartland Financial USA by 10.0% during the 3rd quarter. BlackRock Inc. now owns 4,363,420 shares of the bank’s stock valued at $209,793,000 after buying an additional 395,116 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Heartland Financial USA by 38.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 10,430 shares of the bank’s stock valued at $501,000 after buying an additional 2,910 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in shares of Heartland Financial USA during the 3rd quarter valued at approximately $214,000. Institutional investors and hedge funds own 63.22% of the company’s stock.

Heartland Financial USA Company Profile (Get Rating)

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.

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