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

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

Heartland Financial USA Stock Down 1.4 %

HTLF stock opened at $58.67 on Thursday. The firm’s 50 day moving average price is $56.66 and its 200-day moving average price is $49.15. Heartland Financial USA has a one year low of $27.46 and a one year high of $61.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77. The firm has a market cap of $2.52 billion, a PE ratio of 32.78 and a beta of 0.95.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting the consensus estimate of $1.17. The firm had revenue of $272.79 million for the quarter, compared to analyst estimates of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 11.04%. During the same period in the prior year, the business posted $1.12 EPS. On average, equities research analysts anticipate that Heartland Financial USA will post 4.72 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Heartland Financial USA by 0.3% in the first 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 in the last quarter. Earnest Partners LLC raised its holdings in Heartland Financial USA by 2.1% during the second quarter. Earnest Partners LLC now owns 2,657,168 shares of the bank’s stock worth $118,111,000 after purchasing an additional 54,030 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 buying an additional 182,245 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at $46,626,000. Finally, Millennium Management LLC grew its position 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 buying an additional 681,412 shares during the last quarter. 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.