Heartland Financial USA (HTLF) Stock Rating Lowered by UBS Group

UBS Group downgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a strong-buy rating to an outperform rating in a report issued on Tuesday morning, The Fly reports.

A number of other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Heartland Financial USA from a buy rating to a hold rating in a research note on Friday, January 5th. ValuEngine upgraded shares of Heartland Financial USA from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Heartland Financial USA from a hold rating to a strong-buy rating and set a $61.00 target price on the stock in a research note on Tuesday, December 19th. Piper Jaffray Companies restated a buy rating and issued a $57.00 target price on shares of Heartland Financial USA in a research note on Thursday, December 14th. Finally, B. Riley restated a hold rating and issued a $50.00 target price on shares of Heartland Financial USA in a research note on Wednesday, December 13th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $54.50.

Heartland Financial USA (NASDAQ:HTLF) traded up $0.45 on Tuesday, reaching $55.00. 195,662 shares of the company’s stock were exchanged, compared to its average volume of 206,414. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $56.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $1,633.72, a P/E ratio of 18.64, a P/E/G ratio of 1.48 and a beta of 0.69.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The firm had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. analysts forecast that Heartland Financial USA will post 3.02 earnings per share for the current fiscal year.

The company also recently announced a None dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were paid a $0.07 dividend. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, December 21st. This is an increase from Heartland Financial USA’s previous None dividend of $0.05. Heartland Financial USA’s payout ratio is currently 14.92%.

Large investors have recently modified their holdings of the company. Royce & Associates LP acquired a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $1,130,000. Kennedy Capital Management Inc. boosted its stake in shares of Heartland Financial USA by 66.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 156,477 shares of the bank’s stock valued at $7,370,000 after purchasing an additional 62,361 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Heartland Financial USA by 9.9% in the 3rd quarter. Wells Fargo & Company MN now owns 246,461 shares of the bank’s stock valued at $12,175,000 after purchasing an additional 22,106 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Heartland Financial USA by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after purchasing an additional 11,397 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Heartland Financial USA by 1.9% in the 2nd quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after purchasing an additional 17,570 shares in the last quarter. Institutional investors own 47.88% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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