Heartland Financial USA (HTLF) Cut to Hold at BidaskClub

Heartland Financial USA (NASDAQ:HTLF) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also recently issued reports on HTLF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. FBR & Co set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a research report on Tuesday, October 31st. B. Riley set a $50.00 price objective on shares of Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price objective on shares of Heartland Financial USA in a research report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Heartland Financial USA has a consensus rating of “Buy” and an average price target of $54.50.

Shares of Heartland Financial USA (NASDAQ:HTLF) opened at $55.05 on Thursday. The stock has a market cap of $1,654.92, a PE ratio of 18.66, a PEG ratio of 1.48 and a beta of 0.69. Heartland Financial USA has a 52-week low of $42.10 and a 52-week high of $56.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick 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, meeting the Zacks’ consensus estimate of $0.72. The company had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. Heartland Financial USA’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. sell-side analysts forecast that Heartland Financial USA will post 3.02 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Heartland Financial USA by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock worth $52,471,000 after purchasing an additional 55,543 shares during the period. Vanguard Group Inc. lifted its position in Heartland Financial USA by 5.2% during the second quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock worth $48,327,000 after purchasing an additional 50,528 shares during the period. Northern Trust Corp lifted its position in Heartland Financial USA by 1.9% during the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock worth $44,403,000 after purchasing an additional 17,570 shares during the period. State Street Corp lifted its position in Heartland Financial USA by 48.1% during 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. Finally, Allianz Asset Management GmbH lifted its position in Heartland Financial USA by 3.9% during the third quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock worth $27,613,000 after purchasing an additional 21,070 shares during the period. 47.89% of the stock is owned by institutional investors and hedge funds.

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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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