BidaskClub Upgrades Heartland Financial USA (HTLF) to “Buy”

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

A number of other research firms have also recently weighed in on HTLF. B. Riley set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, November 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $58.00 price target on shares of Heartland Financial USA in a report on Tuesday, January 9th. They noted that the move was a valuation call. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price target on shares of Heartland Financial USA in a report on Thursday, December 14th. Finally, FBR & Co set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $54.50.

Shares of Heartland Financial USA (NASDAQ:HTLF) opened at $55.00 on Tuesday. The firm has a market capitalization of $1,639.71, a P/E ratio of 18.64, a PEG ratio of 1.46 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 twelve month low of $42.10 and a twelve month high of $56.40.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The company had revenue of $109.12 million for 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 business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. sell-side analysts forecast that Heartland Financial USA will post 3.02 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in shares of Heartland Financial USA by 9.9% during the third quarter. Wells Fargo & Company MN now owns 246,461 shares of the bank’s stock valued at $12,175,000 after acquiring an additional 22,106 shares during the period. Northern Trust Corp increased its stake in shares of Heartland Financial USA by 1.9% during the second quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after acquiring an additional 17,570 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Heartland Financial USA by 8.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after acquiring an additional 11,397 shares during the period. State Street Corp increased its stake in shares of Heartland Financial USA by 48.1% during the second quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after acquiring an additional 203,277 shares during the period. Finally, IndexIQ Advisors LLC increased its stake in shares of Heartland Financial USA by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 17,353 shares of the bank’s stock valued at $857,000 after acquiring an additional 7,875 shares during the period. Institutional investors and hedge funds own 47.88% of the company’s stock.

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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.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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