Heartland Financial USA (NASDAQ:HTLF) Reaches New 52-Week High at $44.25

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) reached a new 52-week high on Monday . The company traded as high as $44.25 and last traded at $43.97, with a volume of 56971 shares traded. The stock had previously closed at $43.94.

Analysts Set New Price Targets

Several analysts recently issued reports on HTLF shares. DA Davidson upped their price target on shares of Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. TheStreet cut shares of Heartland Financial USA from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their price target on Heartland Financial USA from $41.00 to $51.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Finally, Piper Sandler lifted their target price on Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Heartland Financial USA Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average is $34.90 and its two-hundred day moving average is $34.14. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 26.47 and a beta of 0.98.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, April 29th. The bank reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The company had revenue of $279.39 million for the quarter, compared to analyst estimates of $182.73 million. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.50%. During the same quarter last year, the business earned $1.22 earnings per share. On average, analysts expect that Heartland Financial USA, Inc. will post 4.49 earnings per share for the current fiscal year.

Heartland Financial USA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. Heartland Financial USA’s payout ratio is 72.29%.

Hedge Funds Weigh In On Heartland Financial USA

Institutional investors and hedge funds have recently bought and sold shares of the stock. HTLF Bank acquired a new stake in shares of Heartland Financial USA in the 4th quarter worth approximately $55,623,000. Norges Bank bought a new position in Heartland Financial USA during the 4th quarter valued at $11,502,000. AQR Capital Management LLC increased its position in shares of Heartland Financial USA by 470.7% during the 3rd quarter. AQR Capital Management LLC now owns 272,767 shares of the bank’s stock valued at $8,028,000 after purchasing an additional 224,975 shares during the period. Vanguard Group Inc. raised its stake in shares of Heartland Financial USA by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 3,232,944 shares of the bank’s stock worth $121,591,000 after buying an additional 88,886 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Heartland Financial USA by 166.6% in the third quarter. Envestnet Asset Management Inc. now owns 141,996 shares of the bank’s stock valued at $4,179,000 after buying an additional 88,739 shares during the period. Institutional investors own 71.55% of the company’s stock.

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.