Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.80.

Several research firms recently issued reports on HTLF. TheStreet downgraded shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Stephens reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Piper Sandler upped their price objective on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Raymond James raised shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Thursday, February 29th.

Institutional Trading of Heartland Financial USA

A number of hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new position in shares of Heartland Financial USA in the 4th quarter valued at $26,000. Signaturefd LLC raised its stake in shares of Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after buying an additional 349 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Heartland Financial USA in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. raised its stake in shares of Heartland Financial USA by 248.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock valued at $50,000 after buying an additional 1,216 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in shares of Heartland Financial USA by 37,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after buying an additional 2,253 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Heartland Financial USA Stock Performance

Shares of HTLF opened at $35.72 on Tuesday. The company’s fifty day moving average is $33.99 and its 200-day moving average is $33.63. Heartland Financial USA has a 12 month low of $26.10 and a 12 month high of $39.39. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 21.14 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.20.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.40. The business had revenue of $144.09 million during the quarter, compared to the consensus estimate of $178.60 million. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. During the same period in the prior year, the firm earned $1.37 EPS. Equities analysts expect that Heartland Financial USA will post 4.45 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 71.01%.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.