Analysts at StockNews.com initiated coverage on shares of Heartland Financial USA (NASDAQ:HTLF - Get Free Report) in a report issued on Friday. The brokerage set a "hold" rating on the bank's stock.
Heartland Financial USA Trading Up 1.8 %
Heartland Financial USA stock traded up $1.09 during trading on Friday, hitting $61.96. The company's stock had a trading volume of 159,149 shares, compared to its average volume of 190,424. The stock's fifty day moving average is $64.58 and its 200 day moving average is $56.66. Heartland Financial USA has a 1-year low of $32.03 and a 1-year high of $70.27. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 34.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting analysts' consensus estimates of $1.17. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. The company had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. During the same quarter in the prior year, the company posted $1.12 EPS. As a group, equities research analysts predict that Heartland Financial USA will post 4.57 EPS for the current year.
Insider Transactions at Heartland Financial USA
In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now directly owns 60,541 shares in the company, valued at $4,136,161.12. The trade was a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer K. Hopkins sold 5,811 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.56, for a total transaction of $392,591.16. Following the completion of the sale, the director now directly owns 6,963 shares of the company's stock, valued at $470,420.28. The trade was a 45.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,743 shares of company stock worth $1,958,839 in the last ninety days. Insiders own 1.80% of the company's stock.
Institutional Investors Weigh In On Heartland Financial USA
Institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Formulas grew its stake in shares of Heartland Financial USA by 28.0% during the third quarter. USA Financial Formulas now owns 1,060 shares of the bank's stock valued at $60,000 after acquiring an additional 232 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Heartland Financial USA during the 3rd quarter valued at approximately $125,000. Blue Trust Inc. increased its holdings in Heartland Financial USA by 2,193.4% during the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank's stock worth $157,000 after purchasing an additional 2,654 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at approximately $225,000. Finally, HighTower Advisors LLC purchased a new position in shares of Heartland Financial USA during the 3rd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 71.55% of the company's stock.
About Heartland Financial USA
(
Get Free Report)
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.
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