Heartland Financial USA (NASDAQ:HTLF) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report issued on Friday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 3.3 %

Shares of Heartland Financial USA stock opened at $66.16 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. Heartland Financial USA has a 52-week low of $27.69 and a 52-week high of $68.43. The company has a 50 day moving average of $57.37 and a 200 day moving average of $50.14. The company has a market capitalization of $2.84 billion, a P/E ratio of 36.96 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.17. Heartland Financial USA had a net margin of 8.79% and a return on equity of 11.04%. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. During the same quarter last year, the company earned $1.12 earnings per share. As a group, research analysts forecast that Heartland Financial USA will post 4.57 EPS for the current fiscal year.

Institutional Trading of Heartland Financial USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTLF. Mirae Asset Global Investments Co. Ltd. raised its holdings in Heartland Financial USA by 67.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,827 shares of the bank’s stock worth $1,189,000 after purchasing an additional 12,795 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Heartland Financial USA by 223.1% in the 1st quarter. Quantbot Technologies LP now owns 24,940 shares of the bank’s stock valued at $877,000 after acquiring an additional 17,221 shares during the period. Empowered Funds LLC increased its holdings in shares of Heartland Financial USA by 8.2% in the 1st quarter. Empowered Funds LLC now owns 127,262 shares of the bank’s stock valued at $4,473,000 after acquiring an additional 9,615 shares during the period. SG Americas Securities LLC acquired a new position in shares of Heartland Financial USA in the 1st quarter valued at $167,000. Finally, Sei Investments Co. increased its holdings in shares of Heartland Financial USA by 3.5% in the 1st quarter. Sei Investments Co. now owns 153,572 shares of the bank’s stock valued at $5,398,000 after acquiring an additional 5,262 shares during the period. Institutional investors and hedge funds 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.