Heartland Financial USA (NASDAQ:HTLF)‘s stock had its “buy” rating reaffirmed by stock analysts at Piper Jaffray Companies in a research note issued on Thursday. They presently have a $57.00 price target on the bank’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 9.83% from the company’s current price.
Several other brokerages have also recently issued reports on HTLF. B. Riley reiterated a “hold” rating and issued a $50.00 price objective on shares of Heartland Financial USA in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, FBR & Co set a $50.00 price objective on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.00.
Heartland Financial USA (NASDAQ:HTLF) opened at $51.90 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Heartland Financial USA has a 52 week low of $42.10 and a 52 week high of $56.40. The company has a market capitalization of $1,533.39, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.71 and a beta of 0.69.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $109.12 million for the quarter, compared to analysts’ expectations of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $0.81 earnings per share. sell-side analysts predict that Heartland Financial USA will post 3 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Heartland Financial USA in the third quarter valued at $447,000. California Public Employees Retirement System increased its holdings in Heartland Financial USA by 38.1% in the third quarter. California Public Employees Retirement System now owns 16,992 shares of the bank’s stock valued at $839,000 after buying an additional 4,692 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Heartland Financial USA by 41.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after buying an additional 1,288 shares during the last quarter. Earnest Partners LLC increased its holdings in Heartland Financial USA by 9.5% in the third quarter. Earnest Partners LLC now owns 272,154 shares of the bank’s stock valued at $13,444,000 after buying an additional 23,561 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Heartland Financial USA by 3.9% in the third quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock valued at $27,613,000 after buying an additional 21,070 shares during the last quarter. Institutional investors and hedge funds own 47.88% of the company’s stock.
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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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