Heartland Financial USA (HTLF) Earns “Buy” Rating from Piper Jaffray Companies

Piper Jaffray Companies restated their buy rating on shares of Heartland Financial USA (NASDAQ:HTLF) in a report published on Thursday morning. Piper Jaffray Companies currently has a $57.00 target price on the bank’s stock.

Several other brokerages also recently weighed in on HTLF. B. Riley reaffirmed a hold rating and set a $50.00 price target on shares of Heartland Financial USA in a report on Wednesday. Keefe, Bruyette & Woods reissued a hold rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Tuesday, October 3rd. BidaskClub downgraded Heartland Financial USA from a buy rating to a hold rating in a report on Tuesday, December 12th. Finally, FBR & Co set a $50.00 target price on Heartland Financial USA and gave the company a hold rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $52.00.

Shares of Heartland Financial USA (HTLF) traded up $0.90 during midday trading on Thursday, hitting $51.90. The company had a trading volume of 422,030 shares, compared to its average volume of 107,338. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a 52-week low of $42.10 and a 52-week high of $56.40. The firm has a market capitalization of $1,554.35, a P/E ratio of 17.59, a PEG ratio of 1.73 and a beta of 0.69.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The firm had revenue of $109.12 million during the quarter, compared to the consensus estimate of $115.81 million. During the same period last year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. research analysts expect that Heartland Financial USA will post 3.02 EPS for the current year.

The firm also recently announced a None dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a yield of 0.86%. This is an increase from Heartland Financial USA’s previous None dividend of $0.05. Heartland Financial USA’s dividend payout ratio (DPR) is 14.92%.

A number of institutional investors have recently added to or reduced their stakes in HTLF. Strs Ohio lifted its holdings in Heartland Financial USA by 5.8% in the second quarter. Strs Ohio now owns 7,300 shares of the bank’s stock valued at $343,000 after acquiring an additional 400 shares during the period. Sei Investments Co. purchased a new position in shares of Heartland Financial USA in the second quarter valued at $326,000. Schwab Charles Investment Management Inc. increased its position in shares of Heartland Financial USA by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after buying an additional 11,397 shares in the last quarter. Rhumbline Advisers increased its position in shares of Heartland Financial USA by 7.3% in the second quarter. Rhumbline Advisers now owns 30,591 shares of the bank’s stock valued at $1,441,000 after buying an additional 2,080 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Heartland Financial USA by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 301,737 shares of the bank’s stock valued at $14,211,000 after buying an additional 22,115 shares in the last quarter. 47.88% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/12/17/heartland-financial-usa-htlf-earns-buy-rating-from-piper-jaffray-companies.html.

About Heartland Financial USA

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.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply