Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives $45.60 Consensus Target Price from Analysts

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) have received an average recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $45.60.

Separately, StockNews.com started coverage on Heartland Financial USA in a research note on Friday. They issued a “hold” rating on the stock.

Heartland Financial USA Stock Performance

Shares of HTLF opened at $68.87 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. The firm’s 50 day moving average is $57.85 and its 200-day moving average is $50.80. Heartland Financial USA has a 12-month low of $27.69 and a 12-month high of $69.91. The stock has a market capitalization of $2.95 billion, a P/E ratio of 38.48 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The business had revenue of $272.79 million during the quarter, compared to analyst estimates of $189.51 million. Heartland Financial USA had a return on equity of 11.04% and a net margin of 8.79%. During the same period last year, the company posted $1.12 EPS. Equities research analysts anticipate that Heartland Financial USA will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.20 annualized dividend and a yield of 1.74%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Institutional Investors Weigh In On Heartland Financial USA

A number of institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Heartland Financial USA by 67.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,827 shares of the bank’s stock valued at $1,189,000 after buying an additional 12,795 shares in the last quarter. Quantbot Technologies LP grew its position in Heartland Financial USA by 223.1% in the first quarter. Quantbot Technologies LP now owns 24,940 shares of the bank’s stock worth $877,000 after acquiring an additional 17,221 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Heartland Financial USA by 8.2% during the 1st quarter. Empowered Funds LLC now owns 127,262 shares of the bank’s stock worth $4,473,000 after purchasing an additional 9,615 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Heartland Financial USA during the 1st quarter valued at $167,000. Finally, Sei Investments Co. lifted its stake in shares of Heartland Financial USA by 3.5% in the 1st quarter. Sei Investments Co. now owns 153,572 shares of the bank’s stock valued at $5,398,000 after purchasing an additional 5,262 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

About Heartland Financial USA

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.