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.
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.
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.
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