Heartland Financial USA Inc (NASDAQ:HTLF) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $41.62 and last traded at $41.65, with a volume of 3427 shares changing hands. The stock had previously closed at $44.31.
HTLF has been the subject of several recent research reports. BidaskClub downgraded Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. ValuEngine downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $58.00.
The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.07 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, January 28th. The bank reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The firm had revenue of $137.30 million for the quarter, compared to analyst estimates of $139.99 million. Heartland Financial USA had a net margin of 20.35% and a return on equity of 9.53%. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Equities research analysts anticipate that Heartland Financial USA Inc will post 4.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, February 14th. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.14. Heartland Financial USA’s dividend payout ratio is currently 18.18%.
In other Heartland Financial USA news, EVP Michael J. Coyle sold 1,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $48.57, for a total transaction of $48,570.00. Following the transaction, the executive vice president now directly owns 9,386 shares in the company, valued at approximately $455,878.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the business. Teton Advisors Inc. boosted its holdings in shares of Heartland Financial USA by 8.9% during the 4th quarter. Teton Advisors Inc. now owns 4,900 shares of the bank’s stock worth $215,000 after buying an additional 400 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Heartland Financial USA by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 13,247 shares of the bank’s stock worth $582,000 after purchasing an additional 517 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Heartland Financial USA by 4.5% in the 4th quarter. Citigroup Inc. now owns 17,651 shares of the bank’s stock worth $776,000 after purchasing an additional 761 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Heartland Financial USA by 40.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,566 shares of the bank’s stock worth $151,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Heartland Financial USA by 1.8% in the 3rd quarter. Teachers Advisors LLC now owns 63,279 shares of the bank’s stock worth $3,673,000 after purchasing an additional 1,122 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.
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Heartland Financial USA Company Profile (NASDAQ:HTLF)
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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