Shares of Heartland Financial USA Inc (NASDAQ:HTLF) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $54.50.
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. ValuEngine raised 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.
Shares of Heartland Financial USA stock opened at $53.80 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. Heartland Financial USA has a 1-year low of $46.50 and a 1-year high of $61.95. The firm has a market capitalization of $1.79 billion, a PE ratio of 17.93, a PEG ratio of 1.44 and a beta of 0.74.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, November 15th. Heartland Financial USA’s dividend payout ratio (DPR) is currently 18.67%.
In related news, Director Martin J. Schmitz sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $60.25, for a total transaction of $482,000.00. Following the transaction, the director now owns 68,637 shares of the company’s stock, valued at $4,135,379.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kurt Saylor sold 5,000 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $60.72, for a total transaction of $303,600.00. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock worth $1,482,675 in the last ninety days. 6.60% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlueMountain Capital Management LLC increased its position in Heartland Financial USA by 32.1% during the second quarter. BlueMountain Capital Management LLC now owns 4,246 shares of the bank’s stock worth $233,000 after acquiring an additional 1,032 shares during the period. Victory Capital Management Inc. increased its holdings in Heartland Financial USA by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 8,617 shares of the bank’s stock valued at $473,000 after buying an additional 1,182 shares during the period. Barclays PLC increased its holdings in Heartland Financial USA by 29.9% in the 1st quarter. Barclays PLC now owns 5,194 shares of the bank’s stock valued at $276,000 after buying an additional 1,197 shares during the period. Integrated Investment Consultants LLC increased its holdings in Heartland Financial USA by 48.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock valued at $219,000 after buying an additional 1,223 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Heartland Financial USA by 5.2% in the 2nd quarter. Bessemer Group Inc. now owns 28,100 shares of the bank’s stock valued at $1,541,000 after buying an additional 1,400 shares during the period. 51.46% 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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