Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives $45.60 Consensus PT from Analysts

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) have received a consensus rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $45.60.

A number of research firms have weighed in on HTLF. StockNews.com began coverage on Heartland Financial USA in a report on Wednesday, August 28th. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised Heartland Financial USA from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $51.00 to $54.00 in a report on Friday, May 31st.

Heartland Financial USA Trading Up 0.8 %

NASDAQ HTLF opened at $55.76 on Monday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 33.59 and a beta of 0.96. Heartland Financial USA has a one year low of $26.44 and a one year high of $56.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. The business’s fifty day moving average is $49.88 and its 200-day moving average is $42.23.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Tuesday, July 30th. The bank reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. The company had revenue of $188.92 million for the quarter, compared to analysts’ expectations of $183.19 million. During the same period in the previous year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts predict that Heartland Financial USA will post 4.72 EPS for the current year.

Heartland Financial USA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, August 13th. Heartland Financial USA’s payout ratio is 72.29%.

Insider Transactions at Heartland Financial USA

In related news, Director Robert B. Engel sold 5,928 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $25.20, for a total value of $149,385.60. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $277,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert B. Engel sold 5,928 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $25.20, for a total value of $149,385.60. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $277,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lo B. Nestman sold 4,389 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,318 shares of company stock valued at $369,475. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Heartland Financial USA

A number of hedge funds and other institutional investors have recently made changes to their positions in HTLF. Principal Securities Inc. purchased a new stake in Heartland Financial USA in the fourth quarter worth $26,000. Clarity Asset Management Inc. purchased a new stake in Heartland Financial USA in the fourth quarter worth $50,000. Innealta Capital LLC purchased a new stake in Heartland Financial USA in the second quarter worth $83,000. TFO Wealth Partners LLC grew its stake in Heartland Financial USA by 37,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock worth $85,000 after purchasing an additional 2,253 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Heartland Financial USA by 695.2% in the first quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock worth $99,000 after purchasing an additional 2,454 shares during the period. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.