BidaskClub Lowers Heartland Financial USA, Inc. (HTLF) to Sell
Heartland Financial USA, Inc. (NASDAQ:HTLF) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Several other brokerages have also commented on HTLF. FBR & Co reissued a “mkt perform” rating and set a $52.00 price objective (up previously from $50.00) on shares of Heartland Financial USA in a research report on Tuesday, April 25th. DA Davidson lowered Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Monday, March 13th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.75.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded up 0.33% during mid-day trading on Friday, reaching $45.50. 164,235 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $46.75 and a 200 day moving average of $47.80. The firm has a market capitalization of $1.21 billion, a P/E ratio of 14.80 and a beta of 0.81. Heartland Financial USA has a one year low of $32.41 and a one year high of $52.65.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, April 24th. The bank reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $106.44 million during the quarter, compared to analyst estimates of $100.45 million. Heartland Financial USA had a return on equity of 10.78% and a net margin of 17.96%. During the same quarter last year, the firm posted $0.82 earnings per share. On average, analysts forecast that Heartland Financial USA will post $2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.44 annualized dividend and a dividend yield of 0.97%. Heartland Financial USA’s payout ratio is presently 14.33%.
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In related news, Director R Michael Mccoy purchased 2,030 shares of Heartland Financial USA stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average cost of $44.67 per share, for a total transaction of $90,680.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn B. Fuller purchased 1,000 shares of Heartland Financial USA stock in a transaction dated Friday, June 2nd. The shares were bought at an average price of $44.60 per share, with a total value of $44,600.00. The disclosure for this purchase can be found here. 9.00% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of HTLF. Tudor Investment Corp Et Al bought a new position in shares of Heartland Financial USA during the fourth quarter valued at $203,000. Dimensional Fund Advisors LP increased its position in shares of Heartland Financial USA by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 879,018 shares of the bank’s stock valued at $42,193,000 after buying an additional 66,526 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Heartland Financial USA by 65.2% in the fourth quarter. AQR Capital Management LLC now owns 115,832 shares of the bank’s stock valued at $5,560,000 after buying an additional 45,697 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Heartland Financial USA during the fourth quarter valued at $2,126,000. Finally, Two Sigma Investments LP increased its position in shares of Heartland Financial USA by 217.7% in the fourth quarter. Two Sigma Investments LP now owns 31,674 shares of the bank’s stock valued at $1,520,000 after buying an additional 21,704 shares during the last quarter. Hedge funds and other institutional investors own 45.62% of the company’s stock.
About Heartland Financial USA
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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