Heartland Financial USA (HTLF) Hits New 52-Week High at $58.40

Shares of Heartland Financial USA Inc (NASDAQ:HTLF) reached a new 52-week high during trading on Friday . The company traded as high as $58.40 and last traded at $58.65, with a volume of 2074 shares traded. The stock had previously closed at $57.60.

A number of research firms have recently commented on HTLF. BidaskClub raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. Stephens started coverage on shares of Heartland Financial USA in a research note on Thursday, June 14th. They set an “equal weight” rating for the company. ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Heartland Financial USA in a research note on Friday, April 6th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $56.50.

The company has a market cap of $1.76 billion, a PE ratio of 19.23, a PEG ratio of 1.56 and a beta of 0.69. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26.



Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, April 30th. The bank reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.09). Heartland Financial USA had a net margin of 16.60% and a return on equity of 9.50%. The business had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $116.17 million. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. analysts predict that Heartland Financial USA Inc will post 3.63 earnings per share for the current year.

In related news, Director John K. Schmidt sold 20,000 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $56.20, for a total transaction of $1,124,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of HTLF. Earnest Partners LLC boosted its holdings in Heartland Financial USA by 18.6% in the 1st quarter. Earnest Partners LLC now owns 1,153,425 shares of the bank’s stock valued at $61,189,000 after purchasing an additional 180,888 shares during the last quarter. BlackRock Inc. boosted its holdings in Heartland Financial USA by 5.6% in the 4th quarter. BlackRock Inc. now owns 1,593,107 shares of the bank’s stock valued at $85,471,000 after purchasing an additional 84,486 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Heartland Financial USA by 10.7% in the 1st quarter. Nuveen Asset Management LLC now owns 749,331 shares of the bank’s stock valued at $39,752,000 after purchasing an additional 72,294 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Heartland Financial USA by 21.1% in the 1st quarter. Wells Fargo & Company MN now owns 307,875 shares of the bank’s stock valued at $16,333,000 after purchasing an additional 53,723 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Heartland Financial USA by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,142,063 shares of the bank’s stock valued at $60,587,000 after purchasing an additional 50,258 shares during the last quarter. Institutional investors own 55.72% of the company’s stock.

About Heartland Financial USA

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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