Heartland Financial USA (NASDAQ:HTLF) Hits New 12-Month Low at $36.25

Posted by Defense World Staff on Mar 17th, 2023

Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Rating)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.25 and last traded at $37.67, with a volume of 12739 shares changing hands. The stock had previously closed at $39.42.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HTLF shares. StockNews.com started coverage on Heartland Financial USA in a research note on Thursday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods lowered Heartland Financial USA from an “outperform” rating to a “market perform” rating and set a $54.00 target price for the company. in a report on Monday, December 12th.

Heartland Financial USA Price Performance

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $47.50 and its 200-day moving average price is $46.84. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 8.09 and a beta of 1.08.

Heartland Financial USA (NASDAQ:HTLF – Get Rating) last posted its quarterly earnings results on Monday, January 30th. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.33 by $0.04. Heartland Financial USA had a net margin of 27.27% and a return on equity of 13.35%. The business had revenue of $234.68 million during the quarter, compared to the consensus estimate of $188.66 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, equities research analysts forecast that Heartland Financial USA, Inc. will post 5.5 earnings per share for the current fiscal year.

Heartland Financial USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 10th were paid a dividend of $0.30 per share. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. Heartland Financial USA’s dividend payout ratio is presently 24.29%.

Insiders Place Their Bets

In other news, Director Robert B. Engel purchased 4,291 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average price of $23.59 per share, with a total value of $101,224.69. Following the purchase, the director now directly owns 23,000 shares of the company’s stock, valued at approximately $542,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Heartland Financial USA news, Director Robert B. Engel purchased 4,291 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average cost of $23.59 per share, with a total value of $101,224.69. Following the acquisition, the director now owns 23,000 shares of the company’s stock, valued at approximately $542,570. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert B. Engel purchased 3,000 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was acquired at an average cost of $25.73 per share, with a total value of $77,190.00. Following the completion of the acquisition, the director now directly owns 13,000 shares in the company, valued at approximately $334,490. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,293 shares of company stock valued at $279,465 over the last quarter. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Heartland Financial USA

Several hedge funds have recently bought and sold shares of HTLF. BlackRock Inc. raised its position in shares of Heartland Financial USA by 1.1% during the 3rd quarter. BlackRock Inc. now owns 4,577,043 shares of the bank’s stock worth $198,461,000 after buying an additional 47,729 shares in the last quarter. Earnest Partners LLC raised its position in shares of Heartland Financial USA by 10.1% during the 4th quarter. Earnest Partners LLC now owns 3,078,796 shares of the bank’s stock worth $143,533,000 after buying an additional 283,005 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Heartland Financial USA by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 3,028,089 shares of the bank’s stock worth $144,834,000 after buying an additional 187,955 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Heartland Financial USA by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,178,085 shares of the bank’s stock worth $101,542,000 after buying an additional 124,180 shares in the last quarter. Finally, Dubuque Bank & Trust Co. raised its holdings in shares of Heartland Financial USA by 0.9% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,655,980 shares of the bank’s stock worth $77,201,000 after purchasing an additional 15,446 shares in the last quarter. 62.33% of the stock is currently owned by institutional investors.

About Heartland Financial USA

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Heartland Financial USA, Inc operates as a bank holding company. The firm provides commercial banking services. It also engages in the business of community banking. The company was founded in 1981 and is headquartered in Denver, CO.