Heartland Financial USA (NASDAQ:HTLF) Upgraded by BidaskClub to Hold

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BidaskClub upgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a sell rating to a hold rating in a research report released on Thursday, BidAskClub reports.

A number of other research analysts have also commented on HTLF. Piper Jaffray Companies cut their price objective on shares of Heartland Financial USA from $54.00 to $53.00 and set an overweight rating for the company in a research report on Tuesday, July 30th. ValuEngine lowered shares of Heartland Financial USA from a hold rating to a sell rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research raised shares of Heartland Financial USA from a sell rating to a hold rating in a research report on Wednesday, July 31st.

Shares of HTLF traded up $0.64 during trading hours on Thursday, reaching $47.06. 81,747 shares of the company traded hands, compared to its average volume of 102,601. The stock’s fifty day moving average is $44.36 and its 200 day moving average is $44.55. The stock has a market cap of $1.64 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 0.82. Heartland Financial USA has a 1-year low of $40.80 and a 1-year high of $61.95.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, July 29th. The bank reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.32. The business had revenue of $138.77 million during the quarter, compared to analyst estimates of $135.69 million. Heartland Financial USA had a net margin of 23.19% and a return on equity of 10.37%. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, equities research analysts predict that Heartland Financial USA will post 4.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.53%. The ex-dividend date was Thursday, August 8th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s dividend payout ratio is 20.45%.

In other Heartland Financial USA news, CFO Bryan Mckeag purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased 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 this link. Corporate insiders own 6.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Heartland Financial USA by 5.6% in the second quarter. BlackRock Inc. now owns 2,320,889 shares of the bank’s stock worth $103,813,000 after purchasing an additional 122,877 shares in the last quarter. Vanguard Group Inc. raised its position in Heartland Financial USA by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,241,476 shares of the bank’s stock worth $100,260,000 after purchasing an additional 80,897 shares in the last quarter. Earnest Partners LLC raised its position in Heartland Financial USA by 3.3% in the second quarter. Earnest Partners LLC now owns 1,542,406 shares of the bank’s stock worth $68,992,000 after purchasing an additional 49,281 shares in the last quarter. Nuveen Asset Management LLC raised its position in Heartland Financial USA by 18.4% in the second quarter. Nuveen Asset Management LLC now owns 888,052 shares of the bank’s stock worth $39,723,000 after purchasing an additional 138,029 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Heartland Financial USA by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 334,929 shares of the bank’s stock worth $14,720,000 after buying an additional 24,812 shares in the last quarter. 51.32% of the stock is owned by hedge funds and other institutional investors.

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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