Heartland Financial USA (NASDAQ:HTLF) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other analysts have also issued reports about the company. FBR & Co set a $50.00 target price on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. B. Riley set a $50.00 target price on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Heartland Financial USA presently has a consensus rating of “Hold” and an average target price of $50.33.

Heartland Financial USA (NASDAQ HTLF) traded up $0.60 during trading on Tuesday, reaching $50.75. The company’s stock had a trading volume of 67,628 shares, compared to its average volume of 89,424. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $56.40. The firm has a market capitalization of $1,533.39, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.71 and a beta of 0.69.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The company had revenue of $109.12 million during the quarter, compared to analyst estimates of $115.81 million. During the same period last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. sell-side analysts forecast that Heartland Financial USA will post 3 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Heartland Financial USA by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock valued at $52,471,000 after acquiring an additional 55,543 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Heartland Financial USA by 5.2% in the second quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock valued at $48,327,000 after acquiring an additional 50,528 shares during the last quarter. Northern Trust Corp boosted its holdings in Heartland Financial USA by 1.9% in the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after acquiring an additional 17,570 shares during the last quarter. State Street Corp boosted its holdings in Heartland Financial USA by 48.1% in the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after acquiring an additional 203,277 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Heartland Financial USA by 3.9% in the third quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock valued at $27,613,000 after acquiring an additional 21,070 shares during the last quarter. Institutional investors and hedge funds own 47.88% of the company’s stock.

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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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