Heartland Financial USA, Inc. (NASDAQ:HTLF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLFGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.80.

A number of equities analysts recently weighed in on HTLF shares. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Thursday, February 29th. TheStreet lowered shares of Heartland Financial USA from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Stephens reiterated an “overweight” rating and set a $45.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Finally, Piper Sandler boosted their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th.

Read Our Latest Stock Analysis on HTLF

Heartland Financial USA Price Performance

HTLF stock opened at $35.15 on Friday. Heartland Financial USA has a 52-week low of $26.10 and a 52-week high of $39.72. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.80 and a beta of 1.05. The firm has a 50 day moving average price of $34.39 and a 200-day moving average price of $32.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The bank reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.40. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. The company had revenue of $144.09 million during the quarter, compared to analyst estimates of $178.60 million. During the same period in the previous year, the business earned $1.37 EPS. Equities research analysts forecast that Heartland Financial USA will post 4.45 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, February 9th. Heartland Financial USA’s dividend payout ratio is 71.01%.

Institutional Trading of Heartland Financial USA

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Heartland Financial USA by 84.0% in the 1st quarter. JPMorgan Chase & Co. now owns 65,785 shares of the bank’s stock worth $3,146,000 after purchasing an additional 30,040 shares during the period. MetLife Investment Management LLC raised its position in Heartland Financial USA by 41.5% in the 1st quarter. MetLife Investment Management LLC now owns 20,517 shares of the bank’s stock worth $981,000 after purchasing an additional 6,014 shares during the period. Great West Life Assurance Co. Can raised its position in Heartland Financial USA by 24.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,144 shares of the bank’s stock worth $109,000 after purchasing an additional 428 shares during the period. Dimensional Fund Advisors LP raised its position in Heartland Financial USA by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,838,023 shares of the bank’s stock worth $87,913,000 after purchasing an additional 102,441 shares during the period. Finally, Sei Investments Co. raised its position in Heartland Financial USA by 61.1% in the 1st quarter. Sei Investments Co. now owns 12,890 shares of the bank’s stock worth $617,000 after purchasing an additional 4,890 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Financial USA Company Profile

(Get Free Report

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

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Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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