Heartland Financial USA (HTLF) Downgraded to Hold at BidaskClub
BidaskClub lowered shares of Heartland Financial USA (NASDAQ:HTLF) from a buy rating to a hold rating in a research report report published on Friday morning.
A number of other equities research analysts have also issued reports on the stock. ValuEngine upgraded shares of Heartland Financial USA from a hold rating to a buy rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Heartland Financial USA from a hold rating to a strong-buy rating and set a $61.00 price target on the stock in a report on Tuesday, December 19th. Piper Jaffray Companies restated a buy rating and set a $57.00 price target on shares of Heartland Financial USA in a report on Thursday, December 14th. B. Riley restated a hold rating and set a $50.00 price target on shares of Heartland Financial USA in a report on Wednesday, December 13th. Finally, FBR & Co set a $50.00 price target on shares of Heartland Financial USA and gave the company a hold rating in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Heartland Financial USA presently has an average rating of Buy and an average target price of $54.50.
Heartland Financial USA (NASDAQ:HTLF) traded down $0.45 during midday trading on Friday, hitting $52.95. 229,900 shares of the company were exchanged, compared to its average volume of 205,240. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Heartland Financial USA has a twelve month low of $42.10 and a twelve month high of $56.40. The company has a market cap of $1,590.00, a P/E ratio of 17.89, a P/E/G ratio of 1.53 and a beta of 0.69.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The business had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts forecast that Heartland Financial USA will post 3.02 EPS for the current year.
The company also recently declared a None dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a dividend yield of 0.86%. This is a positive change from Heartland Financial USA’s previous None dividend of $0.05. Heartland Financial USA’s payout ratio is currently 14.86%.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Heartland Financial USA by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock valued at $52,471,000 after buying an additional 55,543 shares during the period. Vanguard Group Inc. increased its stake in Heartland Financial USA by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock valued at $48,327,000 after buying an additional 50,528 shares during the period. Northern Trust Corp increased its stake in Heartland Financial USA by 1.9% in the 2nd quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after buying an additional 17,570 shares during the period. State Street Corp increased its stake in Heartland Financial USA by 48.1% in the 2nd quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after buying an additional 203,277 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Heartland Financial USA by 3.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock valued at $27,613,000 after buying an additional 21,070 shares during the period. Hedge funds and other institutional investors own 47.88% of the company’s stock.
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Heartland Financial USA Company Profile
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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