BidaskClub upgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a hold rating to a buy rating in a research note released on Tuesday.

Several other analysts also recently weighed in on the company. Raymond James Financial reissued an outperform rating and issued a $58.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 9th. They noted that the move was a valuation call. UBS Group downgraded Heartland Financial USA from a strong-buy rating to an outperform rating in a report on Tuesday, January 9th. ValuEngine raised Heartland Financial USA from a hold rating to a buy rating in a report on Sunday, December 31st. Zacks Investment Research raised Heartland Financial USA from a hold rating to a strong-buy rating and set a $61.00 target price for the company in a report on Tuesday, December 19th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $57.00 target price on shares of Heartland Financial USA in a report on Thursday, December 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $54.50.

Shares of Heartland Financial USA (NASDAQ HTLF) traded up $0.65 during midday trading on Tuesday, reaching $55.50. The company’s stock had a trading volume of 136,240 shares, compared to its average volume of 180,369. The stock has a market cap of $1,660.00, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.47 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Heartland Financial USA has a 12 month low of $42.10 and a 12 month high of $56.40.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, February 15th. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.94%. Heartland Financial USA’s dividend payout ratio is currently 14.86%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its stake in Heartland Financial USA by 9.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after acquiring an additional 195 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Heartland Financial USA by 1,973.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,348 shares during the last quarter. Victory Capital Management Inc. raised its stake in Heartland Financial USA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock valued at $180,000 after acquiring an additional 572 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in Heartland Financial USA during the 2nd quarter valued at approximately $216,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Heartland Financial USA by 41.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,288 shares during the last quarter. 47.88% of the stock is owned by hedge funds and other institutional investors.

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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)

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