Heartland Financial USA (HTLF) Upgraded to Buy by BidaskClub

Heartland Financial USA (NASDAQ:HTLF) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other brokerages also recently commented on HTLF. B. Riley set a $50.00 target price on shares of Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies restated a “buy” rating and set a $57.00 price objective on shares of Heartland Financial USA in a report on Thursday. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.00.

Heartland Financial USA (NASDAQ HTLF) opened at $51.90 on Monday. The company has a market cap of $1,550.00, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.73 and a beta of 0.69. Heartland Financial USA has a twelve month low of $42.10 and a twelve month high of $56.40. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $109.12 million for the quarter, compared to the consensus estimate of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. analysts expect that Heartland Financial USA will post 3.02 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Heartland Financial USA by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock worth $52,471,000 after purchasing an additional 55,543 shares during the period. Vanguard Group Inc. increased its holdings in shares of Heartland Financial USA by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,026,054 shares of the bank’s stock worth $48,327,000 after purchasing an additional 50,528 shares during the period. Northern Trust Corp increased its holdings in shares of Heartland Financial USA by 1.9% during the 2nd quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock worth $44,403,000 after purchasing an additional 17,570 shares during the period. State Street Corp increased its holdings in shares of Heartland Financial USA by 48.1% during the 2nd quarter. State Street Corp now owns 626,086 shares of the bank’s stock worth $29,489,000 after purchasing an additional 203,277 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Heartland Financial USA by 3.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 558,970 shares of the bank’s stock worth $27,613,000 after purchasing an additional 21,070 shares during the period. Institutional investors own 47.88% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/12/18/heartland-financial-usa-htlf-upgraded-to-buy-by-bidaskclub.html.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Analyst Recommendations for Heartland Financial USA (NASDAQ:HTLF)

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

Latest News

Leave a Reply