FBR & Co Analysts Give Heartland Financial USA, Inc. (HTLF) a $50.00 Price Target

FBR & Co set a $50.00 price objective on Heartland Financial USA, Inc. (NASDAQ:HTLF) in a research note released on Tuesday, October 31st. The firm currently has a hold rating on the bank’s stock.

A number of other research analysts have also commented on the company. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $51.00 price objective on shares of Heartland Financial USA in a report on Tuesday, October 3rd. BidaskClub lowered Heartland Financial USA from a sell rating to a strong sell rating in a report on Friday, August 18th. Finally, Zacks Investment Research lowered Heartland Financial USA from a hold rating to a sell rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of Hold and a consensus price target of $50.33.

Shares of Heartland Financial USA (NASDAQ:HTLF) opened at $50.00 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a 12 month low of $41.63 and a 12 month high of $52.65. The firm has a market capitalization of $1,497.45, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.67 and a beta of 0.70.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The firm had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. During the same period in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts expect that Heartland Financial USA will post 3 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.92%.

A number of large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in Heartland Financial USA by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after buying an additional 195 shares in the last quarter. New York State Teachers Retirement System raised its position in Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock valued at $105,000 after purchasing an additional 200 shares during the last quarter. Tudor Investment Corp ET AL raised its position in Heartland Financial USA by 5.1% in the first quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock valued at $222,000 after purchasing an additional 216 shares during the last quarter. Bessemer Group Inc. raised its position in Heartland Financial USA by 1.1% in the second quarter. Bessemer Group Inc. now owns 36,000 shares of the bank’s stock valued at $1,696,000 after purchasing an additional 390 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Heartland Financial USA by 7.1% in the second quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock valued at $282,000 after purchasing an additional 394 shares during the last quarter. 46.52% of the stock is currently owned by institutional investors and hedge funds.

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.

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