A number of other brokerages have also recently commented on HTLF. Keefe, Bruyette & Woods reiterated a hold rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Thursday, August 3rd. Zacks Investment Research cut Heartland Financial USA from a hold rating to a sell rating in a report on Wednesday, August 2nd. Finally, BidaskClub lowered Heartland Financial USA from a hold rating to a sell rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Heartland Financial USA presently has an average rating of Hold and an average price target of $50.50.
Shares of Heartland Financial USA (NASDAQ:HTLF) traded up $0.35 during midday trading on Tuesday, hitting $49.60. 54,307 shares of the stock traded hands, compared to its average volume of 89,833. The company has a market capitalization of $1.49 billion, a PE ratio of 16.92, a PEG ratio of 1.66 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35.
Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The firm had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. Heartland Financial USA had a return on equity of 10.42% and a net margin of 18.14%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. analysts predict that Heartland Financial USA will post 3 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio is currently 14.92%.
Several hedge funds have recently modified their holdings of HTLF. American International Group Inc. lifted its stake in shares of Heartland Financial USA by 10.6% during the 1st quarter. American International Group Inc. now owns 13,959 shares of the bank’s stock worth $697,000 after acquiring an additional 1,333 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Heartland Financial USA by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 52,350 shares of the bank’s stock worth $2,615,000 after acquiring an additional 1,076 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Heartland Financial USA by 10.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock worth $487,000 after acquiring an additional 902 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Heartland Financial USA by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 975,526 shares of the bank’s stock worth $48,728,000 after acquiring an additional 50,696 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Heartland Financial USA by 10.8% during the 1st quarter. Geode Capital Management LLC now owns 192,703 shares of the bank’s stock worth $9,625,000 after acquiring an additional 18,783 shares during the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.
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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