Heartland Financial USA, Inc. (NASDAQ:HTLF) Receives $45.60 Consensus Target Price from Brokerages

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Get Free Report) have earned an average recommendation of "Buy" from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $45.60.

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research report on Friday. They set a "hold" rating for the company.

Heartland Financial USA Stock Up 0.4 %

Shares of HTLF traded up $0.24 during mid-day trading on Friday, hitting $66.40. 208,595 shares of the company traded hands, compared to its average volume of 232,581. The company has a market capitalization of $2.85 billion, a PE ratio of 37.10 and a beta of 0.94. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $57.58 and a 200 day moving average of $50.46. Heartland Financial USA has a 1-year low of $27.69 and a 1-year high of $68.43.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.17. The business had revenue of $272.79 million during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.12 earnings per share. Equities research analysts anticipate that Heartland Financial USA will post 4.57 EPS for the current year.

Heartland Financial USA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. Heartland Financial USA's dividend payout ratio (DPR) is presently 67.04%.

Institutional Investors Weigh In On Heartland Financial USA

Several hedge funds have recently added to or reduced their stakes in HTLF. Quantbot Technologies LP lifted 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 buying an additional 17,221 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $1,189,000 after acquiring an additional 12,795 shares in the last quarter. Water Island Capital LLC acquired a new position in Heartland Financial USA in the second quarter valued at approximately $800,000. Dark Forest Capital Management LP purchased a new stake in Heartland Financial USA in the 2nd quarter worth approximately $601,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Heartland Financial USA during the 2nd quarter worth approximately $46,626,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

About Heartland Financial USA

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.