Heartland Financial USA (NASDAQ:HTLF) Earns “Outperform” Rating from Raymond James Financial

Heartland Financial USA (NASDAQ:HTLF)‘s stock had its “outperform” rating reissued by analysts at Raymond James Financial in a research report issued on Tuesday, January 9th. They presently have a $58.00 target price on the bank’s stock. Raymond James Financial’s price objective suggests a potential upside of 5.45% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other research analysts also recently issued reports on HTLF. UBS Group downgraded shares of Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub lowered shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, B. Riley reiterated a “hold” rating and issued a $50.00 price objective on shares of Heartland Financial USA in a research note on Wednesday, December 13th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Heartland Financial USA presently has an average rating of “Buy” and an average target price of $54.50.

Heartland Financial USA (HTLF) opened at $55.00 on Tuesday. The stock has a market cap of $1,647.20, a P/E ratio of 18.64, a PEG ratio of 1.47 and a beta of 0.69. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $56.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.72. The firm had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS. equities research analysts forecast that Heartland Financial USA will post 3.02 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new stake in Heartland Financial USA during the 3rd quarter valued at $447,000. California Public Employees Retirement System increased its stake in Heartland Financial USA by 38.1% during the 3rd quarter. California Public Employees Retirement System now owns 16,992 shares of the bank’s stock valued at $839,000 after purchasing an additional 4,692 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Heartland Financial USA by 41.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,288 shares in the last quarter. Earnest Partners LLC increased its stake in Heartland Financial USA by 9.5% during the 3rd quarter. Earnest Partners LLC now owns 272,154 shares of the bank’s stock valued at $13,444,000 after purchasing an additional 23,561 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Heartland Financial USA by 3.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock valued at $27,613,000 after purchasing an additional 21,070 shares in the last quarter. Institutional investors and hedge funds own 47.88% of the company’s stock.

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About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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