Zacks Investment Research upgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a sell rating to a buy rating in a research report released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $50.00 price target on the bank’s stock.

According to Zacks, “Heartland Financial USA, Inc. is a multi-bank holding company operating through bank subsidiaries in the states of Iowa, Wisconsin, Illinois and New Mexico and a federal savings bank subsidiary in Iowa. The Bank Subsidiaries provide full-service retail banking. Deposit products include checking and other demand deposit accounts, savings accounts, money market accounts, individual retirement accounts and other time deposits. Loans include commercial and industrial, agricultural, real estate mortgage, consumer, home equity, credit cards and lines of credit. “

Separately, ValuEngine downgraded Heartland Financial USA from a hold rating to a sell rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $50.00.

HTLF traded up $0.30 during trading on Wednesday, hitting $45.24. 4,597 shares of the stock were exchanged, compared to its average volume of 116,344. The company has a market capitalization of $1.55 billion, a P/E ratio of 12.85, a PEG ratio of 1.07 and a beta of 0.91. Heartland Financial USA has a 1 year low of $41.57 and a 1 year high of $61.95. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, January 28th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.08). Heartland Financial USA had a return on equity of 9.53% and a net margin of 20.35%. The firm had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $139.99 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. Equities analysts anticipate that Heartland Financial USA will post 4.16 earnings per share for the current year.

In other Heartland Financial USA news, EVP Michael J. Coyle sold 1,000 shares of Heartland Financial USA stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $48.57, for a total transaction of $48,570.00. Following the completion of the sale, the executive vice president now owns 9,386 shares of the company’s stock, valued at approximately $455,878.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC acquired a new position in shares of Heartland Financial USA in the 4th quarter valued at about $60,000. Quantamental Technologies LLC acquired a new position in Heartland Financial USA in the 4th quarter worth about $94,000. MML Investors Services LLC acquired a new position in Heartland Financial USA in the 3rd quarter worth about $203,000. Great West Life Assurance Co. Can raised its holdings in Heartland Financial USA by 40.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,566 shares of the bank’s stock worth $151,000 after purchasing an additional 1,026 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Heartland Financial USA in the 4th quarter worth about $228,000. 55.96% of the stock is owned by institutional investors.

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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