Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives Consensus Rating of “Buy” from Brokerages

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLFGet Free Report) have been given a consensus recommendation of “Buy” by the five analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $45.60.

Several analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. StockNews.com started coverage on shares of Heartland Financial USA in a research note on Wednesday. They set a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $51.00 to $54.00 in a report on Friday, May 31st.

Check Out Our Latest Report on Heartland Financial USA

Heartland Financial USA Trading Down 1.2 %

Shares of HTLF stock opened at $43.37 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 26.13 and a beta of 0.97. Heartland Financial USA has a 52-week low of $26.44 and a 52-week high of $45.99. The business’s fifty day moving average is $43.47 and its 200 day moving average is $38.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.76.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.33%. The company had revenue of $279.39 million for the quarter, compared to analysts’ expectations of $182.73 million. During the same period in the prior year, the business earned $1.22 earnings per share. On average, equities research analysts anticipate that Heartland Financial USA will post 4.5 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, May 10th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 72.29%.

Insider Buying and Selling

In other Heartland Financial USA news, Director Robert B. Engel sold 5,928 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $25.20, for a total value of $149,385.60. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $277,200. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Robert B. Engel sold 7,600 shares of Heartland Financial USA stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total value of $191,976.00. Following the sale, the director now owns 17,000 shares in the company, valued at $429,420. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert B. Engel sold 5,928 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $25.20, for a total transaction of $149,385.60. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at $277,200. The disclosure for this sale can be found here. Insiders have sold a total of 13,529 shares of company stock valued at $341,387 over the last three months. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Heartland Financial USA

A number of large investors have recently modified their holdings of HTLF. OLD National Bancorp IN purchased a new stake in Heartland Financial USA in the fourth quarter worth about $3,009,000. Charles Schwab Investment Management Inc. increased its stake in shares of Heartland Financial USA by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,927 shares of the bank’s stock worth $18,012,000 after acquiring an additional 32,044 shares in the last quarter. HTLF Bank purchased a new position in Heartland Financial USA during the 4th quarter valued at about $55,623,000. Norges Bank purchased a new position in Heartland Financial USA during the 4th quarter valued at about $11,502,000. Finally, Prossimo Advisors LLC bought a new stake in Heartland Financial USA during the fourth quarter worth about $243,000. Institutional investors own 71.55% of the company’s stock.

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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