Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives Average Recommendation of “Moderate Buy” from Analysts

Heartland Financial USA, Inc. (NASDAQ:HTLFGet Free Report) has received an average recommendation of “Moderate Buy” from the four research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.50.

HTLF has been the topic of several research reports. TheStreet lowered shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Piper Sandler upped their price target on Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods upped their price target on Heartland Financial USA from $34.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 29th. Finally, Stephens reaffirmed an “overweight” rating and set a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th.

Check Out Our Latest Stock Analysis on HTLF

Institutional Investors Weigh In On Heartland Financial USA

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Heartland Financial USA by 46.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,031 shares of the bank’s stock valued at $48,000 after acquiring an additional 329 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in Heartland Financial USA by 10.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,493 shares of the bank’s stock valued at $97,000 after purchasing an additional 332 shares during the last quarter. Signaturefd LLC increased its holdings in Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after purchasing an additional 349 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Heartland Financial USA by 2.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,601 shares of the bank’s stock valued at $690,000 after purchasing an additional 366 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in Heartland Financial USA by 7.3% in the 1st quarter. Snowden Capital Advisors LLC now owns 5,443 shares of the bank’s stock valued at $209,000 after purchasing an additional 371 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Trading Up 3.4 %

HTLF opened at $34.70 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.48 billion, a P/E ratio of 20.53 and a beta of 1.08. Heartland Financial USA has a 12 month low of $26.10 and a 12 month high of $50.44. The stock has a 50-day moving average of $36.49 and a 200 day moving average of $32.53.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The bank reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.40. The firm had revenue of $144.09 million during the quarter, compared to the consensus estimate of $178.60 million. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.72%. During the same quarter in the previous year, the firm posted $1.37 earnings per share. As a group, research analysts forecast that Heartland Financial USA will post 4.55 EPS for the current year.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Monday, February 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, February 9th. Heartland Financial USA’s payout ratio is 71.01%.

About Heartland Financial USA

(Get Free Report

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 also accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement; certificates of deposit; and other time deposits.

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