DA Davidson Increases Heartland Financial USA Inc. (HTLF) Price Target to $43.00
Heartland Financial USA Inc. (NASDAQ:HTLF) had its target price upped by equities researchers at DA Davidson from $42.00 to $43.00 in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 15.62% from the company’s previous close.
A number of other research analysts have also recently issued reports on HTLF. Royal Bank Of Canada lifted their price objective on Heartland Financial USA from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Tuesday, April 26th. Zacks Investment Research raised Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Wednesday, April 27th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.50.
Heartland Financial USA (NASDAQ:HTLF) traded up 0.08% during trading on Tuesday, hitting $37.19. 106,348 shares of the stock traded hands. The firm’s 50-day moving average is $36.14 and its 200 day moving average is $34.63. Heartland Financial USA has a 52 week low of $25.95 and a 52 week high of $39.45. The stock has a market cap of $912.83 million, a P/E ratio of 12.22 and a beta of 0.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/da-davidson-increases-heartland-financial-usa-inc-htlf-price-target-to-43-00.html
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, July 25th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm earned $104.14 million during the quarter, compared to analysts’ expectations of $103 million. Heartland Financial USA had a return on equity of 11.50% and a net margin of 17.14%. Heartland Financial USA’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. Equities research analysts forecast that Heartland Financial USA will post $3.13 earnings per share for the current fiscal year.
In related news, Director Kurt Saylor sold 1,343 shares of Heartland Financial USA stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $35.55, for a total value of $47,743.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.63% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in HTLF. California State Teachers Retirement System raised its stake in shares of Heartland Financial USA by 7.7% in the fourth quarter. California State Teachers Retirement System now owns 35,042 shares of the company’s stock worth $1,099,000 after buying an additional 2,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Heartland Financial USA by 21.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,960 shares of the company’s stock worth $2,414,000 after buying an additional 13,850 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Heartland Financial USA by 4.2% in the fourth quarter. Federated Investors Inc. PA now owns 73,505 shares of the company’s stock worth $2,305,000 after buying an additional 2,975 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Heartland Financial USA by 720.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 50,880 shares of the company’s stock worth $1,596,000 after buying an additional 44,680 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Heartland Financial USA by 71.5% in the fourth quarter. Millennium Management LLC now owns 88,917 shares of the company’s stock worth $2,788,000 after buying an additional 37,077 shares during the last quarter. Hedge funds and other institutional investors own 41.20% of the company’s stock.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
Receive News & Ratings for Heartland Financial USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.