Heartland Financial USA (NASDAQ:HTLF – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.
Several other research analysts have also recently commented on the company. Keefe, Bruyette & Woods cut Heartland Financial USA from an “outperform” rating to a “market perform” rating and set a $54.00 target price for the company. in a research report on Monday, December 12th. DA Davidson raised their target price on Heartland Financial USA to $52.00 in a research report on Friday, November 4th. Finally, Piper Sandler raised their target price on Heartland Financial USA to $55.00 in a research report on Friday, November 4th.
Heartland Financial USA Stock Performance
Shares of HTLF traded up $0.78 during mid-day trading on Friday, hitting $46.84. The company’s stock had a trading volume of 188,420 shares, compared to its average volume of 171,480. Heartland Financial USA has a one year low of $39.27 and a one year high of $53.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $1.99 billion, a PE ratio of 9.99 and a beta of 1.06. The stock’s 50-day moving average is $47.87 and its two-hundred day moving average is $45.60.
Heartland Financial USA (NASDAQ:HTLF – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. Heartland Financial USA had a return on equity of 11.88% and a net margin of 27.90%. The company had revenue of $185.06 million during the quarter, compared to analysts’ expectations of $183.57 million. During the same period in the prior year, the business earned $1.31 earnings per share. Heartland Financial USA’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Heartland Financial USA will post 4.78 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Ziegler Capital Management LLC increased its stake in shares of Heartland Financial USA by 5.3% in the third quarter. Ziegler Capital Management LLC now owns 36,712 shares of the bank’s stock valued at $1,592,000 after buying an additional 1,850 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Heartland Financial USA by 5.0% during the 2nd quarter. Swiss National Bank now owns 99,600 shares of the bank’s stock valued at $4,137,000 after purchasing an additional 4,700 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of Heartland Financial USA by 7.2% during the 2nd quarter. Martingale Asset Management L P now owns 63,602 shares of the bank’s stock valued at $2,644,000 after purchasing an additional 4,254 shares in the last quarter. Bailard Inc. lifted its holdings in shares of Heartland Financial USA by 3.1% during the 2nd quarter. Bailard Inc. now owns 16,725 shares of the bank’s stock valued at $695,000 after purchasing an additional 500 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Heartland Financial USA by 2.1% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 65,945 shares of the bank’s stock valued at $2,739,000 after purchasing an additional 1,370 shares in the last quarter. 62.33% of the stock is currently owned by institutional investors and hedge funds.
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, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.
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