Heartland Financial USA Inc. (HTLF) Lowered to Hold at Sandler O’Neill
Heartland Financial USA Inc. (NASDAQ:HTLF) was downgraded by Sandler O’Neill from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Other equities research analysts have also issued reports about the stock. DA Davidson boosted their price objective on shares of Heartland Financial USA from $42.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Zacks Investment Research lowered shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of Heartland Financial USA from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Tuesday, April 26th. Four 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. Heartland Financial USA has an average rating of “Buy” and a consensus target price of $37.50.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded up 0.08% during midday trading on Tuesday, reaching $37.19. The company’s stock had a trading volume of 106,348 shares. Heartland Financial USA has a 12-month low of $25.95 and a 12-month high of $39.45. The stock has a 50-day moving average of $36.14 and a 200 day moving average of $34.63. The firm has a market capitalization of $912.83 million, a P/E ratio of 12.22 and a beta of 0.67.
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Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.08. Heartland Financial USA had a net margin of 17.14% and a return on equity of 11.50%. The business had revenue of $104.14 million for the quarter, compared to analyst estimates of $103 million. During the same period in the previous year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts predict that Heartland Financial USA will post $3.13 EPS for the current fiscal year.
In related news, Director Kurt Saylor sold 22,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $36.86, for a total transaction of $829,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.63% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its position in Heartland Financial USA by 7.3% in the second quarter. Legal & General Group Plc now owns 3,024 shares of the company’s stock worth $104,000 after buying an additional 206 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in Heartland Financial USA during the first quarter worth about $113,000. BlackRock Inc. increased its position in Heartland Financial USA by 216.9% in the second quarter. BlackRock Inc. now owns 5,102 shares of the company’s stock worth $180,000 after buying an additional 3,492 shares in the last quarter. BlackRock Group LTD increased its position in Heartland Financial USA by 219.7% in the first quarter. BlackRock Group LTD now owns 6,323 shares of the company’s stock worth $195,000 after buying an additional 4,345 shares in the last quarter. Finally, Clinton Group Inc. acquired a new position in Heartland Financial USA during the second quarter worth about $203,000. 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.
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