Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives $39.80 Average Target Price from Brokerages

Heartland Financial USA, Inc. (NASDAQ:HTLF) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $39.80.

Several research firms have commented on HTLF. Raymond James raised shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Thursday, February 29th. Stephens reiterated an “overweight” rating and set a $45.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Piper Sandler increased their price target on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, TheStreet downgraded shares of Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th.

Heartland Financial USA Stock Down 1.5 %

Shares of NASDAQ:HTLF opened at $35.48 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $33.93 and its 200 day moving average is $33.58. Heartland Financial USA has a 12-month low of $26.10 and a 12-month high of $39.39. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 20.98 and a beta of 1.06.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, January 29th. The bank reported $1.06 EPS for the quarter, beating the consensus estimate of $0.66 by $0.40. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. The company had revenue of $144.09 million during the quarter, compared to the consensus estimate of $178.60 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, sell-side analysts forecast that Heartland Financial USA will post 4.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Heartland Financial USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN bought a new position in Heartland Financial USA during the fourth quarter worth about $3,009,000. HTLF Bank bought a new position in Heartland Financial USA in the 4th quarter worth approximately $55,623,000. Versor Investments LP bought a new position in Heartland Financial USA in the 3rd quarter worth approximately $245,000. Charles Schwab Investment Management Inc. grew its stake in Heartland Financial USA by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 446,883 shares of the bank’s stock valued at $13,152,000 after buying an additional 34,571 shares in the last quarter. Finally, EJF Capital LLC bought a new stake in Heartland Financial USA during the 3rd quarter valued at $1,299,000. 71.55% of the stock is currently owned by institutional investors.

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.