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

Heartland Financial USA, Inc. (NASDAQ:HTLF) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $39.80.

HTLF has been the topic of several recent analyst reports. Raymond James upgraded Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Thursday, February 29th. TheStreet cut Heartland Financial USA from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Stephens reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Finally, Piper Sandler increased their price objective on shares of Heartland Financial USA from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th.

Hedge Funds Weigh In On Heartland Financial USA

Hedge funds have recently made changes to their positions in the business. Principal Securities Inc. bought a new position in shares of Heartland Financial USA in the 4th quarter valued at about $26,000. Signaturefd LLC grew its stake in Heartland Financial USA by 66.3% in the third quarter. Signaturefd LLC now owns 875 shares of the bank’s stock valued at $26,000 after purchasing an additional 349 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Heartland Financial USA during the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. raised its stake in shares of Heartland Financial USA by 248.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock worth $50,000 after purchasing an additional 1,216 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Heartland Financial USA by 37,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after buying an additional 2,253 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Heartland Financial USA Stock Performance

Shares of HTLF stock opened at $35.48 on Tuesday. The stock has a market cap of $1.52 billion, a PE ratio of 20.98 and a beta of 1.06. The stock has a 50-day moving average of $33.93 and a 200-day moving average of $33.58. 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 $39.39.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, January 29th. The bank reported $1.06 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $144.09 million during the quarter, compared to the consensus estimate of $178.60 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. As a group, sell-side analysts expect that Heartland Financial USA will post 4.45 earnings per share for the current year.

About Heartland Financial USA

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.