Brokerages Set Heartland Financial USA, Inc. (NASDAQ:HTLF) PT at $45.60

Heartland Financial USA, Inc. (NASDAQ:HTLF) has been assigned a consensus recommendation of “Buy” from the three analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $46.67.

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research report on Friday, January 3rd. They issued a “hold” rating on the stock.

Insider Buying and Selling at Heartland Financial USA

In other news, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the sale, the director now owns 60,541 shares of the company’s stock, valued at approximately $4,136,161.12. The trade was a 27.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of Heartland Financial USA stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $67.24, for a total transaction of $29,047.68. Following the sale, the executive vice president now directly owns 1,060 shares in the company, valued at $71,274.40. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,743 shares of company stock worth $1,958,839. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Heartland Financial USA

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Heartland Financial USA by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 144,397 shares of the bank’s stock worth $6,418,000 after acquiring an additional 7,017 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Heartland Financial USA by 62.1% during the second quarter. Renaissance Technologies LLC now owns 36,800 shares of the bank’s stock worth $1,636,000 after acquiring an additional 14,100 shares in the last quarter. XTX Topco Ltd bought a new stake in Heartland Financial USA during the second quarter worth about $225,000. Canada Pension Plan Investment Board bought a new stake in Heartland Financial USA during the second quarter worth about $2,543,000. Finally, ProShare Advisors LLC boosted its stake in Heartland Financial USA by 52.9% during the second quarter. ProShare Advisors LLC now owns 11,617 shares of the bank’s stock worth $516,000 after acquiring an additional 4,017 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $67.34 on Thursday. The stock has a market cap of $2.89 billion, a PE ratio of 37.62 and a beta of 0.98. The company’s fifty day moving average is $64.84 and its 200 day moving average is $59.28. Heartland Financial USA has a 52 week low of $32.03 and a 52 week high of $70.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. During the same quarter last year, the company earned $1.12 EPS. Research analysts anticipate that Heartland Financial USA will post 4.57 earnings per share for the current year.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, January 14th. Heartland Financial USA’s payout ratio is 67.04%.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.