Analysts Set Heartland Financial USA, Inc. (NASDAQ:HTLF) Target Price at $39.80

Heartland Financial USA, Inc. (NASDAQ:HTLFGet Free Report) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.80.

Several brokerages recently commented on HTLF. Raymond James raised shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Thursday, February 29th. TheStreet cut shares of Heartland Financial USA from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Stephens reiterated an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Finally, Piper Sandler raised their price target on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th.

View Our Latest Stock Report on Heartland Financial USA

Heartland Financial USA Trading Up 1.1 %

Shares of NASDAQ:HTLF opened at $35.15 on Friday. The company’s 50-day moving average price is $34.35 and its two-hundred day moving average price is $33.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. Heartland Financial USA has a one year low of $26.10 and a one year high of $39.72. The stock has a market capitalization of $1.50 billion, a PE ratio of 20.80 and a beta of 1.05.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last announced its quarterly earnings results on Monday, January 29th. The bank reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.40. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. The business had revenue of $144.09 million for the quarter, compared to analyst estimates of $178.60 million. During the same quarter in the prior year, the business earned $1.37 EPS. On average, equities analysts forecast that Heartland Financial USA will post 4.45 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Monday, February 12th were paid a $0.30 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. Heartland Financial USA’s payout ratio is 71.01%.

Institutional Trading of Heartland Financial USA

Institutional investors and hedge funds have recently bought and sold shares of the company. HTLF Bank bought a new stake in shares of Heartland Financial USA in the fourth quarter worth approximately $55,623,000. BlackRock Inc. lifted its holdings in Heartland Financial USA by 10.5% during the first quarter. BlackRock Inc. now owns 5,628,086 shares of the bank’s stock valued at $215,893,000 after purchasing an additional 537,087 shares in the last quarter. Norges Bank bought a new stake in shares of Heartland Financial USA during the fourth quarter valued at approximately $17,909,000. AQR Capital Management LLC raised its position in shares of Heartland Financial USA by 470.7% during the third quarter. AQR Capital Management LLC now owns 272,767 shares of the bank’s stock valued at $8,028,000 after buying an additional 224,975 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Heartland Financial USA by 6.6% during the first quarter. Vanguard Group Inc. now owns 3,028,089 shares of the bank’s stock valued at $144,834,000 after buying an additional 187,955 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

About Heartland Financial USA

(Get Free Report

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.

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Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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