According to Zacks, “Heartland Financial USA, Inc. is a multi-bank holding company operating through bank subsidiaries in the states of Iowa, Wisconsin, Illinois and New Mexico and a federal savings bank subsidiary in Iowa. The Bank Subsidiaries provide full-service retail banking. Deposit products include checking and other demand deposit accounts, savings accounts, money market accounts, individual retirement accounts and other time deposits. Loans include commercial and industrial, agricultural, real estate mortgage, consumer, home equity, credit cards and lines of credit. “
Other equities analysts also recently issued research reports about the company. DA Davidson upped their target price on Heartland Financial USA from $42.00 to $43.00 and gave the company a buy rating in a report on Tuesday, July 26th. Keefe, Bruyette & Woods upped their target price on Heartland Financial USA from $35.00 to $37.00 and gave the company a market perform rating in a report on Wednesday, July 27th. Finally, Sandler O’Neill downgraded Heartland Financial USA from a buy rating to a hold rating in a report on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $37.50.
Shares of Heartland Financial USA (NASDAQ:HTLF) opened at 36.07 on Wednesday. The company has a market cap of $885.34 million, a price-to-earnings ratio of 11.85 and a beta of 0.67. The company has a 50 day moving average of $36.07 and a 200-day moving average of $34.46. Heartland Financial USA has a 52 week low of $25.95 and a 52 week high of $39.45.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, July 25th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $104.14 million for the quarter, compared to the consensus estimate of $103 million. Heartland Financial USA had a return on equity of 11.50% and a net margin of 17.14%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. On average, equities research analysts expect that Heartland Financial USA will post $3.13 earnings per share for the current fiscal year.
In related news, Director Kurt Saylor sold 16,500 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $36.78, for a total value of $606,870.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.63% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in HTLF. Schwab Charles Investment Management Inc. increased its position in Heartland Financial USA by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,577 shares of the company’s stock worth $2,985,000 after buying an additional 6,294 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Heartland Financial USA by 105.4% in the second quarter. American Century Companies Inc. now owns 104,590 shares of the company’s stock worth $3,691,000 after buying an additional 53,660 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Heartland Financial USA by 7.3% in the second quarter. Legal & General Group Plc now owns 3,024 shares of the company’s stock worth $104,000 after buying an additional 206 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Heartland Financial USA by 24.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,236 shares of the company’s stock worth $573,000 after buying an additional 3,162 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Heartland Financial USA by 21.6% in the second quarter. AQR Capital Management LLC now owns 61,577 shares of the company’s stock worth $2,173,000 after buying an additional 10,933 shares during the last quarter. Hedge funds and other institutional investors own 41.20% of the company’s stock.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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