Keefe, Bruyette & Woods Raises Heartland Financial USA (NASDAQ:HTLF) Price Target to $51.00

Heartland Financial USA (NASDAQ:HTLF) had its price objective increased by investment analysts at Keefe, Bruyette & Woods from $41.00 to $51.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 19.24% from the stock’s previous close.

Several other analysts have also weighed in on HTLF. Piper Sandler lifted their price objective on Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. TheStreet lowered shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Stephens reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Finally, Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Heartland Financial USA Stock Performance

Heartland Financial USA stock traded up $1.64 during trading hours on Tuesday, reaching $42.77. 278,074 shares of the company were exchanged, compared to its average volume of 284,228. Heartland Financial USA has a 12 month low of $26.10 and a 12 month high of $42.84. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $34.13 and a 200 day moving average of $33.76. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 25.23 and a beta of 1.06.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, April 29th. The bank reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. The business had revenue of $279.39 million during the quarter, compared to the consensus estimate of $182.73 million. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. During the same period in the prior year, the firm earned $1.22 EPS. As a group, research analysts anticipate that Heartland Financial USA will post 4.45 earnings per share for the current year.

Hedge Funds Weigh In On Heartland Financial USA

Several hedge funds have recently added to or reduced their stakes in HTLF. OLD National Bancorp IN acquired a new position in Heartland Financial USA in the fourth quarter valued at about $3,009,000. HTLF Bank acquired a new position in shares of Heartland Financial USA in the 4th quarter valued at approximately $55,623,000. Versor Investments LP bought a new stake in Heartland Financial USA during the 3rd quarter worth approximately $245,000. Charles Schwab Investment Management Inc. raised its holdings in Heartland Financial USA by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 446,883 shares of the bank’s stock worth $13,152,000 after buying an additional 34,571 shares during the period. Finally, EJF Capital LLC bought a new position in Heartland Financial USA in the third quarter valued at approximately $1,299,000. Institutional investors and hedge funds 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.