Mirae Asset Global Investments Co. Ltd. Buys 998 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,032 shares of the bank’s stock after purchasing an additional 998 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Heartland Financial USA were worth $716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Heartland Financial USA by 66.3% during the third quarter. Signaturefd LLC now owns 875 shares of the bank’s stock worth $26,000 after buying an additional 349 shares during the period. PNC Financial Services Group Inc. raised its holdings in Heartland Financial USA by 248.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock worth $50,000 after acquiring an additional 1,216 shares in the last quarter. Covestor Ltd raised its holdings in Heartland Financial USA by 79.8% during the third quarter. Covestor Ltd now owns 2,969 shares of the bank’s stock worth $87,000 after acquiring an additional 1,318 shares in the last quarter. SG Americas Securities LLC bought a new stake in Heartland Financial USA during the third quarter worth about $232,000. Finally, Versor Investments LP bought a new stake in Heartland Financial USA during the third quarter worth about $245,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on HTLF shares. Raymond James upgraded 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 report on Thursday, February 29th. Stephens restated an “overweight” rating and issued a $45.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Piper Sandler upped their price objective on Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, TheStreet lowered Heartland Financial USA from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Heartland Financial USA presently has an average rating of “Moderate Buy” and a consensus price target of $39.80.

Heartland Financial USA Price Performance

Shares of NASDAQ HTLF opened at $36.02 on Thursday. The firm has a market cap of $1.54 billion, a P/E ratio of 21.22 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. Heartland Financial USA, Inc. has a 1-year low of $26.10 and a 1-year high of $39.39. The business’s 50 day moving average is $33.86 and its 200-day moving average is $33.56.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.40. The business had revenue of $144.09 million for the quarter, compared to the consensus estimate of $178.60 million. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same quarter in the prior year, the business posted $1.37 earnings per share. Equities research analysts predict that Heartland Financial USA, Inc. will post 4.45 earnings per share for the current year.

Heartland Financial USA Profile

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.