Heartland Financial USA (NASDAQ:HTLF) Getting Somewhat Positive Press Coverage, Accern Reports
Press coverage about Heartland Financial USA (NASDAQ:HTLF) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heartland Financial USA earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.4149309987114 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have commented on HTLF shares. Zacks Investment Research downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub cut Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. DA Davidson cut Heartland Financial USA from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. FBR & Co reiterated a “mkt perform” rating and issued a $52.00 target price (up from $50.00) on shares of Heartland Financial USA in a report on Tuesday, April 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.67.
Shares of Heartland Financial USA (NASDAQ HTLF) opened at 44.10 on Friday. The firm has a 50 day moving average price of $46.55 and a 200 day moving average price of $47.67. Heartland Financial USA has a one year low of $35.02 and a one year high of $52.65. The stock has a market capitalization of $1.32 billion, a PE ratio of 14.46 and a beta of 0.65.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.08. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The business had revenue of $100.20 million during the quarter, compared to analysts’ expectations of $103.48 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. Analysts predict that Heartland Financial USA will post $3.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.00%. Heartland Financial USA’s payout ratio is presently 14.47%.
In related news, Director R Michael Mccoy bought 2,030 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $44.67 per share, with a total value of $90,680.10. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lynn B. Fuller bought 1,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $44.60 per share, with a total value of $44,600.00. The disclosure for this purchase can be found here. Insiders own 9.00% 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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