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Heartland Financial USA (NASDAQ:HTLF) reached a new 52-week low during mid-day trading on Wednesday , American Banking News reports. The company traded as low as $23.52 and last traded at $23.52, with a volume of 28,304 shares changing hands. The stock had previously closed at $24.43.

HTLF has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Heartland Financial USA from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 1st. They now have a $23.10 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Heartland Financial USA in a research note on Wednesday, April 30th. They now have a $30.00 price target on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Heartland Financial USA in a research note on Tuesday, April 29th. They now have a $29.00 price target on the stock.

The stock’s 50-day moving average is $25.55 and its 200-day moving average is $26.76. The company has a market cap of $433.5 million and a price-to-earnings ratio of 14.37.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.10. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, analysts predict that Heartland Financial USA will post $1.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, May 21st.

Heartland Financial USA, Inc (NASDAQ:HTLF) is a multi-bank holding company.

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