DA Davidson Raises Heartland Financial USA (NASDAQ:HTLF) Price Target to $45.00

Heartland Financial USA (NASDAQ:HTLF) had its target price increased by equities research analysts at DA Davidson from $36.00 to $45.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price points to a potential upside of 6.94% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Piper Sandler lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on shares of Heartland Financial USA from $41.00 to $51.00 and gave the company a “market perform” rating in a report on Tuesday. TheStreet lowered shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Thursday, February 29th. Finally, Stephens reiterated an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Heartland Financial USA has an average rating of “Moderate Buy” and an average target price of $45.00.

Heartland Financial USA Stock Down 0.1 %

Shares of NASDAQ HTLF opened at $42.08 on Tuesday. Heartland Financial USA has a 1 year low of $26.10 and a 1 year high of $43.17. The firm’s 50 day moving average price is $34.48 and its 200 day moving average price is $33.91. The firm has a market cap of $1.80 billion, a P/E ratio of 25.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 0.72.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, April 29th. The bank reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.50%. The firm had revenue of $279.39 million for the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the business earned $1.22 earnings per share. As a group, sell-side analysts anticipate that Heartland Financial USA will post 4.45 earnings per share for the current year.

Institutional Investors Weigh In On Heartland Financial USA

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in Heartland Financial USA during the fourth quarter worth about $26,000. Signaturefd LLC grew its position in Heartland Financial USA by 66.3% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock worth $26,000 after purchasing an additional 349 shares during the last quarter. Clarity Asset Management Inc. bought a new position in Heartland Financial USA in the 4th quarter worth about $50,000. PNC Financial Services Group Inc. grew its position in Heartland Financial USA by 248.2% in 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 during the last quarter. Finally, TFO Wealth Partners LLC grew its position in 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 worth $85,000 after purchasing an additional 2,253 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.