BidaskClub Upgrades Heartland Financial USA (HTLF) to “Hold”

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Heartland Financial USA (NASDAQ:HTLF) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other analysts have also commented on HTLF. Stephens started coverage on shares of Heartland Financial USA in a research report on Thursday, June 14th. They issued an “equal weight” rating on the stock. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. ValuEngine upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Raymond James lowered shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.60.

HTLF stock opened at $54.57 on Thursday. The company has a market capitalization of $2.00 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. Heartland Financial USA has a 12 month low of $46.50 and a 12 month high of $61.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.21.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.05). The business had revenue of $129.04 million during the quarter, compared to analyst estimates of $129.51 million. Heartland Financial USA had a net margin of 16.67% and a return on equity of 9.06%. During the same quarter in the prior year, the company earned $0.81 earnings per share. Equities analysts anticipate that Heartland Financial USA will post 3.6 EPS for the current fiscal year.

In related news, Director Martin J. Schmitz sold 5,531 shares of the company’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $60.00, for a total transaction of $331,860.00. Following the transaction, the director now owns 68,637 shares of the company’s stock, valued at $4,118,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin J. Schmitz sold 2,802 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $60.00, for a total transaction of $168,120.00. Following the transaction, the director now directly owns 68,637 shares in the company, valued at approximately $4,118,220. The disclosure for this sale can be found here. Insiders sold 32,833 shares of company stock worth $1,982,655 over the last quarter. Company insiders own 6.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of Heartland Financial USA by 5.0% during the second quarter. Northern Trust Corp now owns 997,250 shares of the bank’s stock valued at $54,699,000 after buying an additional 47,864 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Heartland Financial USA by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 218,724 shares of the bank’s stock valued at $11,997,000 after buying an additional 11,597 shares during the period. California Public Employees Retirement System lifted its stake in shares of Heartland Financial USA by 116.9% during the second quarter. California Public Employees Retirement System now owns 44,389 shares of the bank’s stock valued at $2,435,000 after buying an additional 23,924 shares during the period. Millennium Management LLC purchased a new position in shares of Heartland Financial USA during the second quarter valued at approximately $6,098,000. Finally, MetLife Investment Advisors LLC lifted its stake in shares of Heartland Financial USA by 23.9% during the second quarter. MetLife Investment Advisors LLC now owns 13,588 shares of the bank’s stock valued at $745,000 after buying an additional 2,624 shares during the period. 51.55% of the stock is currently owned by institutional investors and hedge funds.

Heartland Financial USA Company Profile

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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Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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