Heartland Financial USA (HTLF) Rating Lowered to Hold at BidaskClub

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

Several other equities analysts have also weighed in on the stock. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, October 31st. Piper Jaffray Companies restated a “buy” rating and issued a $57.00 price objective on shares of Heartland Financial USA in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, December 19th. B. Riley set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $53.80.

Heartland Financial USA (HTLF) opened at $53.40 on Friday. 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 $1,582.81, a P/E ratio of 18.10, a PEG ratio of 1.51 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $115.81 million. During the same period in the prior year, the business earned $0.81 earnings per share. Heartland Financial USA’s quarterly revenue was up 12.6% on a year-over-year basis. research analysts anticipate that Heartland Financial USA will post 3.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of HTLF. Earnest Partners LLC acquired a new stake in Heartland Financial USA in the second quarter worth $11,709,000. State Street Corp raised 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 worth $29,489,000 after purchasing an additional 203,277 shares during the period. Wells Fargo & Company MN raised its holdings in Heartland Financial USA by 61.8% in the second quarter. Wells Fargo & Company MN now owns 224,355 shares of the bank’s stock worth $10,567,000 after purchasing an additional 85,734 shares during the period. Kennedy Capital Management Inc. raised its holdings in Heartland Financial USA by 66.3% in the second quarter. Kennedy Capital Management Inc. now owns 156,477 shares of the bank’s stock worth $7,370,000 after purchasing an additional 62,361 shares during the period. Finally, Stifel Financial Corp raised its holdings in Heartland Financial USA by 33.9% in the third quarter. Stifel Financial Corp now owns 230,290 shares of the bank’s stock worth $11,390,000 after purchasing an additional 58,324 shares during the period. 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.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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