Heartland Financial USA, Inc. (NASDAQ:HTLF) Cut to Sell at BidaskClub

BidaskClub cut shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) from a hold rating to a sell rating in a research report released on Tuesday, July 25th.

Other analysts have also recently issued reports about the stock. FBR & Co restated a mkt perform rating and set a $52.00 price target (up from $50.00) on shares of Heartland Financial USA in a report on Tuesday, April 25th. DA Davidson cut shares of Heartland Financial USA from a buy rating to a neutral rating in a report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded shares of Heartland Financial USA from a hold rating to a buy rating and set a $55.00 target price for the company in a research note on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $52.67.

Shares of Heartland Financial USA (HTLF) traded down 0.56% during trading on Tuesday, hitting $44.10. 61,265 shares of the company traded hands. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 14.46 and a beta of 0.65. 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.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. The business had revenue of $100.20 million for the quarter, compared to the consensus estimate of $103.48 million. Heartland Financial USA had a net margin of 18.38% and a return on equity of 10.48%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. Analysts predict that Heartland Financial USA will post $3.02 EPS for the current year.

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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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 9th. Heartland Financial USA’s payout ratio is 14.47%.

In other Heartland Financial USA news, Director R Michael Mccoy purchased 2,030 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $44.67 per share, with a total value of $90,680.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lynn B. Fuller purchased 1,000 shares of the stock in a transaction on Friday, June 2nd. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $44,600.00. The disclosure for this purchase can be found here. Insiders own 9.00% of the company’s stock.

A number of large investors have recently made changes to their positions in HTLF. New York State Teachers Retirement System raised its stake in shares of Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock valued at $105,000 after buying an additional 200 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Heartland Financial USA by 1,973.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after buying an additional 2,348 shares during the period. Victory Capital Management Inc. raised its stake in shares of Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock valued at $162,000 after buying an additional 576 shares during the period. Pittenger & Anderson Inc. acquired a new stake in shares of Heartland Financial USA during the second quarter valued at about $183,000. Finally, ETRADE Capital Management LLC acquired a new stake in shares of Heartland Financial USA during the second quarter valued at about $216,000. 40.51% of the stock is currently owned by hedge funds and other institutional investors.

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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