Insider Buying: Lynn B. Fuller Purchases 1,000 Shares of Heartland Financial USA Stock (HTLF)
Heartland Financial USA (NASDAQ:HTLF) CEO Lynn B. Fuller purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average price of $23.98 per share, with a total value of $23,980.00. Following the completion of the acquisition, the chief executive officer now directly owns 47,450 shares of the company’s stock, valued at approximately $1,137,851. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Heartland Financial USA from $27.00 to $28.00 in a research note on Tuesday, July 29th. Analysts at Zacks upgraded shares of Heartland Financial USA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $25.30 price target on the stock.
Heartland Financial USA (NASDAQ:HTLF) traded down 0.74% during mid-day trading on Tuesday, hitting $24.04. 7,042 shares of the company’s stock traded hands. Heartland Financial USA has a 52-week low of $22.38 and a 52-week high of $30.06. The stock’s 50-day moving average is $24.38 and its 200-day moving average is $25.34. The company has a market cap of $443.9 million and a P/E ratio of 14.08.
Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, analysts predict that Heartland Financial USA will post $2.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, August 20th.
Heartland Financial USA, Inc (NASDAQ:HTLF) is a multi-bank holding company.
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