Heartland Financial USA Inc (NASDAQ:HTLF) – Stock analysts at Piper Jaffray reduced their Q1 2018 EPS estimates for shares of Heartland Financial USA in a research note issued to investors on Friday, April 6th. Piper Jaffray analyst N. Race now forecasts that the bank will post earnings of $0.87 per share for the quarter, down from their previous forecast of $0.88. Piper Jaffray has a “Buy” rating on the stock. Piper Jaffray also issued estimates for Heartland Financial USA’s Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.07 EPS, Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $4.06 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $1.16 EPS and FY2019 earnings at $4.43 EPS.
A number of other analysts have also recently commented on HTLF. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. B. Riley reiterated a “hold” rating and issued a $50.00 target price on shares of Heartland Financial USA in a research note on Wednesday, December 13th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research note on Tuesday, December 19th. ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, UBS lowered shares of Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.50.
HTLF stock opened at $51.80 on Monday. The company has a market capitalization of $1,616.37, a P/E ratio of 17.27, a P/E/G ratio of 1.36 and a beta of 0.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. Heartland Financial USA has a 52 week low of $42.10 and a 52 week high of $56.40.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, January 29th. The bank reported $0.80 EPS 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 net margin of 16.16% and a return on equity of 9.64%. During the same period last year, the business earned $0.74 EPS.
In other Heartland Financial USA news, Director Kurt Saylor sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $52.35, for a total transaction of $523,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Johnson sold 2,026 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $53.05, for a total transaction of $107,479.30. Following the transaction, the executive vice president now directly owns 6,038 shares of the company’s stock, valued at $320,315.90. The disclosure for this sale can be found here. Insiders have sold a total of 102,026 shares of company stock valued at $5,514,379 over the last three months. 9.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HTLF. Earnest Partners LLC raised its position in Heartland Financial USA by 257.3% during the 4th quarter. Earnest Partners LLC now owns 972,537 shares of the bank’s stock worth $52,177,000 after buying an additional 700,383 shares during the last quarter. Dubuque Bank & Trust Co. increased its holdings in shares of Heartland Financial USA by 12.2% during the 4th quarter. Dubuque Bank & Trust Co. now owns 1,768,893 shares of the bank’s stock valued at $94,901,000 after purchasing an additional 192,188 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Heartland Financial USA by 123.7% during the 4th quarter. Thrivent Financial For Lutherans now owns 224,664 shares of the bank’s stock valued at $12,053,000 after purchasing an additional 124,232 shares in the last quarter. PrairieView Partners LLC purchased a new position in shares of Heartland Financial USA during the 4th quarter valued at approximately $5,452,000. Finally, BlackRock Inc. increased its holdings in shares of Heartland Financial USA by 5.6% during the 4th quarter. BlackRock Inc. now owns 1,593,107 shares of the bank’s stock valued at $85,471,000 after purchasing an additional 84,486 shares in the last quarter. 52.48% of the stock is owned by 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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