BidaskClub upgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a sell rating to a hold rating in a report published on Thursday, BidAskClub reports.
A number of other equities analysts have also commented on the company. Zacks Investment Research raised Heartland Financial USA from a sell rating to a hold rating in a research note on Wednesday, July 31st. ValuEngine lowered Heartland Financial USA from a hold rating to a sell rating in a research note on Wednesday, August 21st. Finally, Piper Jaffray Companies reduced their price objective on Heartland Financial USA from $54.00 to $53.00 and set an overweight rating on the stock in a research note on Tuesday, July 30th.
Shares of HTLF stock opened at $47.06 on Thursday. The stock’s fifty day simple moving average is $44.41 and its 200 day simple moving average is $44.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.12 and a beta of 0.99. Heartland Financial USA has a one year low of $40.80 and a one year high of $61.95.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, July 29th. The bank reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.32. The business had revenue of $138.77 million for the quarter, compared to analyst estimates of $135.69 million. Heartland Financial USA had a return on equity of 10.37% and a net margin of 23.19%. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, research analysts anticipate that Heartland Financial USA will post 4.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s payout ratio is currently 20.45%.
In other news, CFO Bryan Mckeag purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $41.76 per share, with a total value of $41,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Maltese Capital Management LLC lifted its stake in shares of Heartland Financial USA by 122.1% during the second quarter. Maltese Capital Management LLC now owns 100,033 shares of the bank’s stock valued at $4,474,000 after acquiring an additional 54,998 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in Heartland Financial USA by 7.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,363 shares of the bank’s stock valued at $329,000 after purchasing an additional 481 shares during the last quarter. United Services Automobile Association bought a new stake in Heartland Financial USA in the second quarter valued at about $202,000. Frontier Wealth Management LLC bought a new stake in Heartland Financial USA in the second quarter valued at about $1,008,000. Finally, MidWestOne Financial Group Inc. bought a new stake in Heartland Financial USA in the second quarter valued at about $5,970,000. 51.32% of the stock is currently owned by institutional investors and hedge funds.
About Heartland Financial USA
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.
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