Heartland Financial USA (NASDAQ:HTLF) Reaches New 52-Week High at $44.99

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLFGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $44.99 and last traded at $44.59, with a volume of 31392 shares trading hands. The stock had previously closed at $44.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HTLF. Piper Sandler lifted their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. StockNews.com assumed coverage on shares of Heartland Financial USA in a research note on Thursday. They issued a “hold” rating on the stock. DA Davidson increased their target price on shares of Heartland Financial USA from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Stephens restated an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Heartland Financial USA from $41.00 to $51.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Read Our Latest Report on HTLF

Heartland Financial USA Stock Up 2.6 %

The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $34.97. The company has a market cap of $1.94 billion, a PE ratio of 27.36 and a beta of 0.98.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The bank reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $279.39 million during the quarter, compared to analysts’ expectations of $182.73 million. Heartland Financial USA had a return on equity of 11.33% and a net margin of 8.17%. During the same quarter last year, the business posted $1.22 EPS. As a group, equities research analysts expect that Heartland Financial USA, Inc. will post 4.49 earnings per share for the current fiscal year.

Heartland Financial USA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, May 10th. Heartland Financial USA’s payout ratio is 72.29%.

Insider Activity

In related news, Director Robert B. Engel sold 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total value of $191,976.00. Following the sale, the director now directly owns 17,000 shares of the company’s stock, valued at $429,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HTLF Bank acquired a new stake in Heartland Financial USA in the fourth quarter worth $55,623,000. Stieven Capital Advisors L.P. increased its position in shares of Heartland Financial USA by 506.3% during the 1st quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock valued at $13,852,000 after purchasing an additional 329,095 shares during the period. Norges Bank bought a new stake in shares of Heartland Financial USA in the 4th quarter worth $11,502,000. AQR Capital Management LLC lifted its holdings in shares of Heartland Financial USA by 470.7% in 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 period. Finally, Vanguard Group Inc. boosted its stake in Heartland Financial USA by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,232,944 shares of the bank’s stock valued at $121,591,000 after buying an additional 88,886 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Company Profile

(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.

Further Reading

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