Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) have been given an average recommendation of “Hold” by the six analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $44.50.

Several equities analysts recently commented on the stock. FBR & Co reaffirmed 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 note on Tuesday, April 25th. DA Davidson lowered shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, April 5th. Finally, BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st.

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In other Heartland Financial USA news, Director R Michael Mccoy acquired 2,030 shares of the 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn B. Fuller acquired 1,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was acquired 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. Insiders own 9.00% of the company’s stock.

Several large investors have recently made changes to their positions in HTLF. Tudor Investment Corp Et Al acquired a new stake in shares of Heartland Financial USA during the fourth quarter worth $203,000. Dimensional Fund Advisors LP raised 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 worth $42,193,000 after buying an additional 66,526 shares during the last quarter. AQR Capital Management LLC raised its stake 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 worth $5,560,000 after buying an additional 45,697 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Heartland Financial USA during the first quarter worth $549,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Heartland Financial USA during the fourth quarter worth $2,126,000. Hedge funds and other institutional investors own 45.59% of the company’s stock.

Shares of Heartland Financial USA (NASDAQ HTLF) traded up 0.32% during mid-day trading on Tuesday, hitting $46.50. 73,689 shares of the stock were exchanged. Heartland Financial USA has a 52 week low of $34.48 and a 52 week high of $52.65. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.12 and a beta of 0.66. The stock’s 50-day moving average is $46.22 and its 200-day moving average is $47.81.

Heartland Financial USA (NASDAQ:HTLF) last issued 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 company had revenue of $106.44 million during the quarter, compared to analysts’ expectations of $100.45 million. Heartland Financial USA had a net margin of 17.96% and a return on equity of 10.78%. During the same quarter in the previous year, the company earned $0.82 earnings per share. Analysts forecast that Heartland Financial USA will post $2.92 earnings per share for the current fiscal year.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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