Heartland Financial USA (NASDAQ:HTLF)‘s stock had its “hold” rating restated by equities researchers at B. Riley in a research report issued to clients and investors on Wednesday. They presently have a $50.00 price objective on the bank’s stock. B. Riley’s price target would indicate a potential downside of 2.34% from the stock’s current price.

A number of other research firms have also commented on HTLF. FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, October 31st. BidaskClub lowered shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Heartland Financial USA currently has an average rating of “Hold” and a consensus price target of $50.33.

Shares of Heartland Financial USA (HTLF) traded up $0.45 during trading on Wednesday, hitting $51.20. 96,200 shares of the stock were exchanged, compared to its average volume of 89,452. Heartland Financial USA has a 12 month low of $42.10 and a 12 month high of $56.40. The stock has a market cap of $1,530.00, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. 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 (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. analysts predict that Heartland Financial USA will post 3 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its holdings in Heartland Financial USA by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after buying an additional 195 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Heartland Financial USA by 1,973.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after buying an additional 2,348 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Heartland Financial USA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock valued at $180,000 after buying an additional 572 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in Heartland Financial USA during the 2nd quarter valued at $183,000. Finally, ETRADE Capital Management LLC bought a new position in Heartland Financial USA in the 2nd quarter worth $216,000. Institutional investors 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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