Heartland Financial USA (HTLF) Now Covered by Stephens

Equities researchers at Stephens initiated coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the bank’s stock.

HTLF has been the topic of a number of other reports. Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Friday, May 4th. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Heartland Financial USA in a report on Friday, April 6th. Finally, ValuEngine lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.50.

Shares of Heartland Financial USA traded up $0.10, reaching $55.75, during midday trading on Thursday, according to Marketbeat. 3,581 shares of the company traded hands, compared to its average volume of 116,003. Heartland Financial USA has a 52 week low of $42.10 and a 52 week high of $58.05. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.75 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.54 and a beta of 0.69.



Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, April 30th. The bank reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.09). The firm had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.17 million. Heartland Financial USA had a return on equity of 9.50% and a net margin of 16.60%. Heartland Financial USA’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. sell-side analysts anticipate that Heartland Financial USA will post 3.65 earnings per share for the current fiscal year.

In related news, Director John K. Schmidt sold 20,000 shares of Heartland Financial USA stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $56.20, for a total value of $1,124,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Johnson sold 2,026 shares of Heartland Financial USA stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $53.05, for a total value of $107,479.30. Following the completion of the transaction, the executive vice president now directly owns 6,038 shares in the company, valued at approximately $320,315.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,526 shares of company stock worth $2,991,354. 6.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Mosaic Family Wealth LLC purchased a new position in Heartland Financial USA in the 4th quarter worth about $182,000. Xact Kapitalforvaltning AB purchased a new position in Heartland Financial USA in the 4th quarter worth about $222,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Heartland Financial USA in the 4th quarter worth about $241,000. Barclays PLC increased its stake in Heartland Financial USA by 29.9% in the 1st quarter. Barclays PLC now owns 5,194 shares of the bank’s stock worth $276,000 after purchasing an additional 1,197 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Heartland Financial USA by 24.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,533 shares of the bank’s stock worth $297,000 after purchasing an additional 1,104 shares in the last quarter. 56.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

The Fly

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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