Heartland Financial USA, Inc. (HTLF) Upgraded at BidaskClub
Heartland Financial USA, Inc. (NASDAQ:HTLF) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.
A number of other brokerages have also issued reports on HTLF. Zacks Investment Research lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. DA Davidson lowered Heartland Financial USA from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Finally, FBR & Co restated a “mkt perform” rating and issued a $52.00 target price (up previously from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $46.75.
Shares of Heartland Financial USA (HTLF) traded down 0.74% during mid-day trading on Friday, hitting $47.10. The company had a trading volume of 78,772 shares. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 15.32 and a beta of 0.81. Heartland Financial USA has a 1-year low of $33.50 and a 1-year high of $52.65. The company has a 50-day moving average price of $46.22 and a 200-day moving average price of $47.81.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, April 24th. The bank reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The company 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 business posted $0.82 EPS. On average, equities analysts anticipate that Heartland Financial USA will post $2.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.93%. The ex-dividend date was Wednesday, May 17th. Heartland Financial USA’s dividend payout ratio is currently 14.33%.
In related news, CEO Lynn B. Fuller purchased 1,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were bought at an average cost of $44.60 per share, with a total value of $44,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R Michael Mccoy purchased 2,030 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $44.67 per share, for a total transaction of $90,680.10. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in HTLF. Russell Investments Group Ltd. bought a new stake in shares of Heartland Financial USA during the fourth quarter valued at $2,126,000. Comerica Bank increased its stake in shares of Heartland Financial USA by 12.8% in the fourth quarter. Comerica Bank now owns 6,726 shares of the bank’s stock valued at $317,000 after buying an additional 763 shares in the last quarter. State Street Corp increased its stake in shares of Heartland Financial USA by 10.3% in the fourth quarter. State Street Corp now owns 401,025 shares of the bank’s stock valued at $19,248,000 after buying an additional 37,315 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Heartland Financial USA during the fourth quarter valued at $613,000. Finally, Dimensional Fund Advisors LP increased its stake 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 in the last quarter. 45.62% of the stock is currently owned by institutional investors.
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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