Heartland Financial USA (NASDAQ:HTLF) Downgraded by ValuEngine

ValuEngine downgraded shares of Heartland Financial USA (NASDAQ:HTLF) from a hold rating to a sell rating in a report released on Wednesday morning, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Heartland Financial USA from a sell rating to a hold rating in a research note on Wednesday, July 31st. Piper Jaffray Companies cut their price target on Heartland Financial USA from $54.00 to $53.00 and set an overweight rating for the company in a research note on Tuesday, July 30th. Finally, BidaskClub cut Heartland Financial USA from a hold rating to a sell rating in a research note on Friday, August 16th.

HTLF stock opened at $42.11 on Wednesday. The company has a market capitalization of $1.61 billion, a P/E ratio of 11.96, a PEG ratio of 1.08 and a beta of 0.95. Heartland Financial USA has a twelve month low of $40.80 and a twelve month high of $61.95. The business has a 50 day simple moving average of $44.78 and a 200-day simple moving average of $45.03. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, July 29th. The bank reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.32. Heartland Financial USA had a return on equity of 10.37% and a net margin of 23.19%. The business had revenue of $138.77 million during the quarter, compared to the consensus estimate of $135.69 million. During the same period in the prior year, the company earned $0.85 earnings per share. Research analysts predict that Heartland Financial USA will post 4.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, August 8th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s dividend payout ratio is 20.45%.

Several institutional investors have recently added to or reduced their stakes in HTLF. Norges Bank purchased a new stake in shares of Heartland Financial USA during the fourth quarter worth approximately $11,912,000. Nuveen Asset Management LLC raised its stake in shares of Heartland Financial USA by 18.4% during the second quarter. Nuveen Asset Management LLC now owns 888,052 shares of the bank’s stock worth $39,723,000 after purchasing an additional 138,029 shares during the last quarter. MidWestOne Financial Group Inc. purchased a new stake in shares of Heartland Financial USA during the second quarter worth approximately $5,970,000. BlackRock Inc. raised its stake in shares of Heartland Financial USA by 5.6% during the second quarter. BlackRock Inc. now owns 2,320,889 shares of the bank’s stock worth $103,813,000 after purchasing an additional 122,877 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Heartland Financial USA by 3.7% during the second quarter. Vanguard Group Inc. now owns 2,241,476 shares of the bank’s stock worth $100,260,000 after purchasing an additional 80,897 shares during the last quarter. Institutional investors and hedge funds own 49.97% of the company’s stock.

About Heartland Financial USA

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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