Heartland Financial USA (NASDAQ:HTLF) Lifted to “Buy” at ValuEngine

Heartland Financial USA (NASDAQ:HTLF) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday, February 2nd.

Several other analysts have also recently commented on HTLF. Piper Jaffray Companies reissued a “buy” rating and issued a $63.00 price target on shares of Heartland Financial USA in a report on Tuesday, January 30th. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. B. Riley reissued a “hold” rating and issued a $59.00 price target on shares of Heartland Financial USA in a report on Tuesday, January 30th. UBS Group cut Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, January 9th. Finally, Raymond James Financial reissued an “outperform” rating and issued 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. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $57.00.

Shares of Heartland Financial USA (HTLF) opened at $51.45 on Friday. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $56.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $1,547.09, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.75.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. During the same period last year, the firm earned $0.74 EPS. equities analysts predict that Heartland Financial USA will post 3.77 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of HTLF. Schwab Charles Investment Management Inc. raised its holdings in 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 worth $6,783,000 after purchasing an additional 11,397 shares during the last quarter. Legal & General Group Plc raised its holdings in Heartland Financial USA by 7.1% during the second quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock worth $282,000 after purchasing an additional 394 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Heartland Financial USA by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 96,250 shares of the bank’s stock worth $4,533,000 after purchasing an additional 413 shares during the last quarter. Teachers Advisors LLC increased its position in Heartland Financial USA by 10.7% during the second quarter. Teachers Advisors LLC now owns 57,954 shares of the bank’s stock worth $2,730,000 after buying an additional 5,604 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Heartland Financial USA by 117.9% during the second quarter. Ameriprise Financial Inc. now owns 102,483 shares of the bank’s stock worth $4,827,000 after buying an additional 55,448 shares in the last quarter. 48.79% of the stock is owned by hedge funds and other institutional investors.

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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.

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