Heartland Financial USA Inc (HTLF) Receives $55.20 Consensus Price Target from Analysts

Heartland Financial USA Inc (NASDAQ:HTLF) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $55.20.

HTLF has been the subject of a number of recent analyst reports. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Piper Jaffray reaffirmed a “buy” rating and set a $63.00 target price on shares of Heartland Financial USA in a research report on Tuesday, January 30th. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Heartland Financial USA from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, April 4th. Finally, B. Riley reiterated a “hold” rating and set a $59.00 price target on shares of Heartland Financial USA in a report on Tuesday, January 30th.

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In related news, EVP Kelly J. Johnson sold 2,026 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $53.05, for a total value of $107,479.30. Following the completion of the transaction, the executive vice president now directly owns 6,038 shares in the company, valued at $320,315.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kurt Saylor sold 22,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $53.32, for a total value of $1,199,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,026 shares of company stock valued at $5,514,379. Corporate insiders own 6.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of Heartland Financial USA by 10.8% in the fourth quarter. Bank of Montreal Can now owns 47,716 shares of the bank’s stock valued at $2,560,000 after purchasing an additional 4,661 shares in the last quarter. Swiss National Bank raised its stake in shares of Heartland Financial USA by 14.2% in the fourth quarter. Swiss National Bank now owns 43,300 shares of the bank’s stock valued at $2,323,000 after purchasing an additional 5,400 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of Heartland Financial USA in the fourth quarter valued at $533,000. Wells Fargo & Company MN grew its position in Heartland Financial USA by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 254,152 shares of the bank’s stock valued at $13,634,000 after acquiring an additional 7,691 shares during the period. Finally, Creative Planning bought a new stake in Heartland Financial USA in the fourth quarter valued at $260,000. Institutional investors and hedge funds own 52.45% of the company’s stock.

Shares of Heartland Financial USA stock opened at $53.20 on Friday. The company has a market cap of $1,652.83, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.39 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. Heartland Financial USA has a 12-month low of $42.10 and a 12-month high of $56.40.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $116.31 million. Heartland Financial USA had a return on equity of 9.64% and a net margin of 16.16%. During the same quarter in the prior year, the business earned $0.74 earnings per share. equities analysts predict that Heartland Financial USA will post 3.84 EPS for the current fiscal year.

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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.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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