Heartland Financial USA, Inc. (HTLF) Given Consensus Rating of “Hold” by Analysts

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) have been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $50.33.

Several brokerages have weighed in on HTLF. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a report on Tuesday, October 3rd. FBR & Co set a $50.00 price objective on Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday, October 31st. B. Riley set a $50.00 price objective on Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

Shares of Heartland Financial USA (NASDAQ:HTLF) opened at $48.00 on Tuesday. The firm has a market capitalization of $1,416.59, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.58 and a beta of 0.70. Heartland Financial USA has a twelve month low of $40.95 and a twelve month high of $52.65. 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 (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share 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 analysts’ expectations of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. equities analysts anticipate that Heartland Financial USA will post 3 earnings per share for the current fiscal year.

The firm also recently announced 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. The ex-dividend date is Thursday, November 16th. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. Heartland Financial USA’s payout ratio is 14.92%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of HTLF. Ameritas Investment Partners Inc. increased its stake in 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 in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Heartland Financial USA by 10.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock valued at $105,000 after buying an additional 200 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Heartland Financial USA by 1,973.1% in the 2nd 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 during the last quarter. Victory Capital Management Inc. lifted its holdings in Heartland Financial USA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock valued at $180,000 after purchasing an additional 572 shares during the last quarter. Finally, Pittenger & Anderson Inc. acquired a new stake in Heartland Financial USA during the 2nd quarter valued at $183,000. 45.95% of the stock is owned by institutional investors and hedge funds.

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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