Heartland Financial USA (HTLF) Receives “Outperform” Rating from Raymond James Financial

Heartland Financial USA (NASDAQ:HTLF)‘s stock had its “outperform” rating restated by equities researchers at Raymond James Financial in a note issued to investors on Tuesday.

HTLF has been the subject of several other reports. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. B. Riley reiterated a “hold” rating and issued a $50.00 price target on shares of Heartland Financial USA in a research report on Wednesday, December 13th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Tuesday, December 19th. Finally, BidaskClub downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.80.

Shares of Heartland Financial USA (HTLF) opened at $52.95 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1,590.00, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.69. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $56.40.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $109.12 million during the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. sell-side analysts anticipate that Heartland Financial USA will post 3.02 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in shares of Heartland Financial USA by 9.9% in the second 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 in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Heartland Financial USA by 1,973.1% in the second 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 in the last quarter. Victory Capital Management Inc. raised its position in shares of Heartland Financial USA by 17.6% in the second 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Heartland Financial USA by 41.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after buying an additional 1,288 shares in the last quarter. Finally, Teton Advisors Inc. acquired a new stake in shares of Heartland Financial USA in the third quarter valued at approximately $222,000. Institutional investors own 47.88% of the company’s stock.

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Heartland Financial USA Company Profile

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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