Heartland Financial USA (HTLF) Now Covered by Stephens

Equities researchers at Stephens began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the bank’s stock.

Several other equities analysts have also recently weighed in on HTLF. ValuEngine cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Heartland Financial USA in a research note on Friday, April 6th. Finally, Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.50.

Heartland Financial USA traded up $0.10, hitting $55.75, on Thursday, MarketBeat reports. 3,581 shares of the company’s stock traded hands, compared to its average volume of 116,003. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.80 and a quick ratio of 0.80. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $58.05. The stock has a market cap of $1.75 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, April 30th. The bank reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.09). Heartland Financial USA had a net margin of 16.60% and a return on equity of 9.50%. The business had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $116.17 million. During the same period last year, the firm earned $0.68 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. equities research analysts anticipate that Heartland Financial USA will post 3.65 earnings per share for the current year.

In other news, Director John K. Schmidt sold 20,000 shares of Heartland Financial USA stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $56.20, for a total transaction of $1,124,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly J. Johnson sold 2,026 shares of Heartland Financial USA stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $53.05, for a total value of $107,479.30. Following the sale, the executive vice president now owns 6,038 shares of the company’s stock, valued at $320,315.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,526 shares of company stock valued at $2,991,354. 6.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in HTLF. Schwab Charles Investment Management Inc. lifted its holdings in shares of Heartland Financial USA by 3.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 124,143 shares of the bank’s stock valued at $6,661,000 after buying an additional 4,388 shares during the last quarter. US Bancorp DE lifted its holdings in Heartland Financial USA by 16.8% in the 4th quarter. US Bancorp DE now owns 33,323 shares of the bank’s stock worth $1,788,000 after purchasing an additional 4,799 shares during the last quarter. American Century Companies Inc. lifted its holdings in Heartland Financial USA by 65.2% in the 4th quarter. American Century Companies Inc. now owns 33,140 shares of the bank’s stock worth $1,778,000 after purchasing an additional 13,084 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Heartland Financial USA in the 4th quarter worth approximately $473,000. Finally, Swiss National Bank lifted its holdings in Heartland Financial USA by 14.2% in the 4th quarter. Swiss National Bank now owns 43,300 shares of the bank’s stock worth $2,323,000 after purchasing an additional 5,400 shares during the last quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.

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.

The Fly

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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