Heartland Financial USA (NASDAQ:HTLF) Now Covered by StockNews.com

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

Heartland Financial USA Trading Up 4.4 %

NASDAQ:HTLF opened at $60.32 on Thursday. The firm has a market cap of $2.58 billion, a PE ratio of 36.34 and a beta of 0.95. The stock has a fifty day moving average price of $56.38 and a 200 day moving average price of $49.00. Heartland Financial USA has a 12-month low of $26.44 and a 12-month high of $61.56. 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 (NASDAQ:HTLF) last released its earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The firm had revenue of $188.92 million during the quarter, compared to analyst estimates of $183.19 million. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. Heartland Financial USA’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. Sell-side analysts anticipate 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 firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Heartland Financial USA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 buying an additional 11,207 shares in the last quarter. Earnest Partners LLC increased its position in shares of 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 increased its position in shares of Heartland Financial USA by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock worth $105,999,000 after purchasing an additional 182,245 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Heartland Financial USA during the second quarter worth about $46,626,000. Finally, Millennium Management LLC increased its position in shares of Heartland Financial USA by 2,309.0% during the second quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock worth $31,601,000 after purchasing an additional 681,412 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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.