Somewhat Positive News Coverage Somewhat Unlikely to Affect Heartland Financial USA (HTLF) Stock Price
Media stories about Heartland Financial USA (NASDAQ:HTLF) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Heartland Financial USA earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.7346881959673 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research firms have recently commented on HTLF. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Heartland Financial USA currently has an average rating of “Hold” and an average price target of $52.67.
Shares of Heartland Financial USA (HTLF) traded up 0.34% during midday trading on Wednesday, reaching $44.70. 44,618 shares of the company traded hands. Heartland Financial USA has a 1-year low of $35.02 and a 1-year high of $52.65. The company has a 50 day moving average price of $45.89 and a 200 day moving average price of $47.48. The company has a market capitalization of $1.34 billion, a PE ratio of 14.66 and a beta of 0.65.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $100.20 million for the quarter, compared to analyst estimates of $103.48 million. Heartland Financial USA had a net margin of 21.91% and a return on equity of 11.11%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. On average, analysts expect that Heartland Financial USA will post $3.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.99%. Heartland Financial USA’s payout ratio is currently 14.47%.
In related news, CEO Lynn B. Fuller bought 1,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were bought at an average cost of $44.60 per share, for a total transaction of $44,600.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 9.00% of the stock is currently owned by insiders.
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.
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