Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Trading Up 0.2 %

Shares of NASDAQ HTLF opened at $57.96 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. Heartland Financial USA has a one year low of $26.44 and a one year high of $61.46. The business has a 50-day moving average price of $55.82 and a two-hundred day moving average price of $48.18. The firm has a market capitalization of $2.48 billion, a PE ratio of 34.92 and a beta of 0.95.

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 business had revenue of $188.92 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. As a group, analysts predict that Heartland Financial USA will post 4.72 earnings per share for the current fiscal year.

Insider Activity at Heartland Financial USA

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Trading of Heartland Financial USA

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Heartland Financial USA by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,244,151 shares of the bank’s stock valued at $114,032,000 after purchasing an additional 11,207 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Heartland Financial USA by 2.1% in the second quarter. Earnest Partners LLC now owns 2,657,168 shares of the bank’s stock worth $118,111,000 after buying an additional 54,030 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Heartland Financial USA by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock worth $105,999,000 after acquiring an additional 182,245 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Heartland Financial USA during the 2nd quarter valued at about $46,626,000. Finally, Millennium Management LLC raised its stake in shares of Heartland Financial USA by 2,309.0% in the 2nd quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock valued at $31,601,000 after acquiring an additional 681,412 shares in the last quarter. 71.55% of the stock is owned by 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.