Heartland Financial USA (NASDAQ:HTLF) Sets New 12-Month High at $56.92

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) reached a new 52-week high during trading on Monday . The stock traded as high as $56.92 and last traded at $56.40, with a volume of 25146 shares trading hands. The stock had previously closed at $56.59.

Wall Street Analyst Weigh In

HTLF has been the subject of several research reports. StockNews.com initiated coverage on shares of Heartland Financial USA in a research report on Friday, September 13th. They set a “hold” rating for the company. Keefe, Bruyette & Woods upgraded shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $54.00 in a report on Friday, May 31st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Heartland Financial USA currently has an average rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Stock Up 0.5 %

The stock has a market cap of $2.44 billion, a P/E ratio of 33.98 and a beta of 0.95. The company’s fifty day moving average price is $52.60 and its 200-day moving average price is $44.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The company had revenue of $188.92 million for the quarter, compared to the consensus estimate of $183.19 million. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Equities analysts forecast that Heartland Financial USA, Inc. will post 4.72 EPS for the current year.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.11%. The ex-dividend date was Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio is presently 72.29%.

Insider Buying and Selling

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.14, for a total transaction of $220,064.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Heartland Financial USA by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,927 shares of the bank’s stock valued at $18,012,000 after purchasing an additional 32,044 shares during the period. Quantbot Technologies LP increased its position in Heartland Financial USA by 223.1% during the 1st quarter. Quantbot Technologies LP now owns 24,940 shares of the bank’s stock valued at $877,000 after purchasing an additional 17,221 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Heartland Financial USA by 67.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,827 shares of the bank’s stock valued at $1,189,000 after purchasing an additional 12,795 shares during the period. Vanguard Group Inc. increased its position in Heartland Financial USA by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 3,232,944 shares of the bank’s stock valued at $121,591,000 after purchasing an additional 88,886 shares during the period. Finally, Norges Bank bought a new stake in shares of Heartland Financial USA in the 4th quarter valued at about $11,502,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.