Heartland Financial USA (NASDAQ:HTLF) Sets New 52-Week High at $44.25

Heartland Financial USA, Inc. (NASDAQ:HTLF) shares reached a new 52-week high during trading on Monday . The stock traded as high as $44.25 and last traded at $43.97, with a volume of 56971 shares. The stock had previously closed at $43.94.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. DA Davidson boosted their price objective on Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods boosted their price target on shares of Heartland Financial USA from $41.00 to $51.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. Stephens reissued an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Raymond James raised shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Thursday, February 29th. Finally, Piper Sandler upped their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Heartland Financial USA presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Heartland Financial USA Price Performance

The firm has a market capitalization of $1.87 billion, a P/E ratio of 26.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day simple moving average is $34.90 and its 200 day simple moving average is $34.14.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, April 29th. The bank reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Heartland Financial USA had a return on equity of 11.50% and a net margin of 8.17%. The company had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the business posted $1.22 EPS. On average, equities research analysts predict that Heartland Financial USA, Inc. will post 4.49 EPS for the current year.

Heartland Financial USA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. Heartland Financial USA’s payout ratio is currently 72.29%.

Hedge Funds Weigh In On Heartland Financial USA

Several hedge funds and other institutional investors have recently modified their holdings of HTLF. Signaturefd LLC increased its holdings in shares of Heartland Financial USA by 66.3% during the 3rd quarter. Signaturefd LLC now owns 875 shares of the bank’s stock worth $26,000 after buying an additional 349 shares during the last quarter. Principal Securities Inc. purchased a new stake in Heartland Financial USA in the fourth quarter valued at $26,000. PNC Financial Services Group Inc. lifted its stake in shares of Heartland Financial USA by 248.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,706 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,216 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in shares of Heartland Financial USA during the 4th quarter worth $50,000. Finally, TFO Wealth Partners LLC lifted its position in Heartland Financial USA by 37,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after buying an additional 2,253 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Company 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.