Heartland Financial USA (HTLF) Upgraded at BidaskClub

Heartland Financial USA (NASDAQ:HTLF) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other brokerages also recently commented on HTLF. Stephens initiated coverage on shares of Heartland Financial USA in a research note on Thursday, June 14th. They issued an “equal weight” rating on the stock. Raymond James downgraded shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.60.

NASDAQ:HTLF opened at $54.57 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.61 and a beta of 0.74. Heartland Financial USA has a fifty-two week low of $46.50 and a fifty-two week high of $61.95.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 23rd. The bank reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.05). Heartland Financial USA had a return on equity of 9.06% and a net margin of 16.67%. The company had revenue of $129.04 million for the quarter, compared to analysts’ expectations of $129.51 million. During the same period in the prior year, the business earned $0.81 EPS. On average, equities analysts predict that Heartland Financial USA will post 3.6 earnings per share for the current fiscal year.

In related news, Director Kurt Saylor sold 5,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $60.72, for a total transaction of $303,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin J. Schmitz sold 2,802 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $60.00, for a total transaction of $168,120.00. Following the sale, the director now directly owns 68,637 shares of the company’s stock, valued at $4,118,220. The disclosure for this sale can be found here. In the last three months, insiders sold 32,833 shares of company stock worth $1,982,655. Insiders own 6.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTLF. Schwab Charles Investment Management Inc. grew its holdings in Heartland Financial USA by 4.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 129,923 shares of the bank’s stock valued at $6,893,000 after purchasing an additional 5,780 shares in the last quarter. California Public Employees Retirement System grew its holdings in Heartland Financial USA by 59.5% during the 1st quarter. California Public Employees Retirement System now owns 20,465 shares of the bank’s stock valued at $1,086,000 after purchasing an additional 7,635 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Heartland Financial USA by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,142,063 shares of the bank’s stock valued at $60,587,000 after purchasing an additional 50,258 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Heartland Financial USA by 70.8% during the 1st quarter. Russell Investments Group Ltd. now owns 15,168 shares of the bank’s stock valued at $805,000 after purchasing an additional 6,287 shares in the last quarter. Finally, Barclays PLC grew its holdings in Heartland Financial USA by 29.9% during the 1st quarter. Barclays PLC now owns 5,194 shares of the bank’s stock valued at $276,000 after purchasing an additional 1,197 shares in the last quarter. 51.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Company Profile

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

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Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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