Heartland Financial USA (NASDAQ:HTLF) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a hold rating to a buy rating in a research note issued to investors on Tuesday, January 16th.

A number of other brokerages have also weighed in on HTLF. B. Riley set a $50.00 price objective on Heartland Financial USA and gave the company a hold rating in a research note on Tuesday, November 14th. Raymond James Financial reiterated an outperform rating and issued a $58.00 target price on shares of Heartland Financial USA in a research report on Tuesday, January 9th. They noted that the move was a valuation call. ValuEngine upgraded Heartland Financial USA from a hold rating to a buy rating in a research report on Sunday, December 31st. Piper Jaffray Companies reiterated a buy rating and issued a $57.00 target price on shares of Heartland Financial USA in a research report on Thursday, December 14th. Finally, FBR & Co set a $50.00 price target on Heartland Financial USA and gave the stock a hold rating in a report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $57.00.

Heartland Financial USA (NASDAQ HTLF) opened at $51.65 on Tuesday. The company has a market capitalization of $1,547.07, a PE ratio of 17.16, a PEG ratio of 1.37 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. Heartland Financial USA has a twelve month low of $42.10 and a twelve month high of $56.40.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. The business had revenue of $118.38 million during the quarter, compared to analyst estimates of $116.31 million. During the same quarter last year, the firm earned $0.74 earnings per share. equities research analysts anticipate that Heartland Financial USA will post 3.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, February 15th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.01%. Heartland Financial USA’s dividend payout ratio (DPR) is 16.54%.

Several hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its position in shares of Heartland Financial USA by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after purchasing an additional 195 shares during the period. Legal & General Group Plc increased its position in shares of Heartland Financial USA by 7.1% during the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock valued at $282,000 after purchasing an additional 394 shares during the period. JPMorgan Chase & Co. increased its position in shares of Heartland Financial USA by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 96,250 shares of the bank’s stock valued at $4,533,000 after purchasing an additional 413 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Heartland Financial USA by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,225 shares of the bank’s stock valued at $859,000 after purchasing an additional 530 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Heartland Financial USA by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after acquiring an additional 572 shares during the last quarter. Institutional investors own 48.00% of the company’s stock.

WARNING: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://stocknewstimes.com/2018/02/11/heartland-financial-usa-htlf-upgraded-at-bidaskclub.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