Heartland Financial USA (HTLF) Stock Rating Lowered by UBS Group

UBS Group lowered shares of Heartland Financial USA (NASDAQ:HTLF) from a strong-buy rating to an outperform rating in a research note published on Tuesday morning, The Fly reports.

Several other research analysts have also weighed in on HTLF. Keefe, Bruyette & Woods reiterated a hold rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the company a hold rating in a research note on Tuesday, October 31st. B. Riley set a $50.00 price objective on shares of Heartland Financial USA and gave the company a hold rating in a research note on Tuesday, November 14th. BidaskClub lowered shares of Heartland Financial USA from a buy rating to a hold rating in a research note on Tuesday, December 12th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $57.00 price objective on shares of Heartland Financial USA in a research note on Thursday, December 14th. 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. The company currently has a consensus rating of Buy and an average target price of $54.50.

Heartland Financial USA (HTLF) traded up $0.45 during trading on Tuesday, reaching $55.00. 195,662 shares of the company’s stock traded hands, compared to its average volume of 206,414. The firm has a market cap of $1,633.72, a price-to-earnings ratio of 18.64, a PEG ratio of 1.48 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. 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 released its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. research analysts expect that Heartland Financial USA will post 3.02 EPS for the current fiscal year.

The firm also recently declared a None dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were paid a dividend of $0.07 per share. This is a positive change from Heartland Financial USA’s previous None dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 21st. This represents a dividend yield of 0.86%. Heartland Financial USA’s dividend payout ratio is 14.92%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its stake in shares of Heartland Financial USA by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after purchasing an additional 195 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Heartland Financial USA by 7.1% during the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock worth $282,000 after purchasing an additional 394 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Heartland Financial USA by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 96,250 shares of the bank’s stock worth $4,533,000 after purchasing an additional 413 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Heartland Financial USA by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,225 shares of the bank’s stock worth $859,000 after purchasing an additional 530 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Heartland Financial USA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after purchasing an additional 572 shares during the last quarter. 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.

The Fly

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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