Heartland Financial USA, Inc. (HTLF) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning.

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. “

A number of other equities research analysts have also recently commented on HTLF. FBR & Co restated a mkt perform rating and issued a $52.00 price target (up from $50.00) on shares of Heartland Financial USA in a report on Tuesday, April 25th. DA Davidson cut shares of Heartland Financial USA from a buy rating to a neutral rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Heartland Financial USA has a consensus rating of Hold and a consensus price target of $46.75.

Heartland Financial USA (HTLF) opened at 48.15 on Wednesday. The company has a 50-day moving average of $47.15 and a 200-day moving average of $47.62. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.66 and a beta of 0.81. Heartland Financial USA has a 52 week low of $32.41 and a 52 week high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, April 24th. The bank reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. The business had revenue of $106.44 million during the quarter, compared to analysts’ expectations of $100.45 million. Heartland Financial USA had a net margin of 17.96% and a return on equity of 10.78%. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts forecast that Heartland Financial USA will post $2.92 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Heartland Financial USA, Inc. (HTLF) Downgraded by Zacks Investment Research” was originally reported by Mideast Time and is the property of of Mideast Time. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.mideasttime.com/heartland-financial-usa-inc-htlf-downgraded-by-zacks-investment-research/1775857.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, May 17th. Heartland Financial USA’s dividend payout ratio is currently 14.33%.

In other Heartland Financial USA news, Director R Michael Mccoy acquired 2,030 shares of Heartland Financial USA stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average cost of $44.67 per share, for a total transaction of $90,680.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn B. Fuller acquired 1,000 shares of Heartland Financial USA stock in a transaction dated Friday, June 2nd. The shares were acquired at an average price of $44.60 per share, with a total value of $44,600.00. The disclosure for this purchase can be found here. 9.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System boosted its position in shares of Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after buying an additional 200 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock worth $162,000 after buying an additional 576 shares in the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Heartland Financial USA during the fourth quarter worth about $203,000. Tudor Investment Corp ET AL boosted its position in shares of Heartland Financial USA by 5.1% in the first quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after buying an additional 216 shares in the last quarter. Finally, Affinity Investment Advisors LLC acquired a new position in shares of Heartland Financial USA during the first quarter worth about $231,000. Hedge funds and other institutional investors own 45.62% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HTLF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Heartland Financial USA (HTLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Heartland Financial USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.