StockNews.com initiated coverage on shares of Heartland Financial USA (NASDAQ:HTLF - Free Report) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the bank's stock.
Heartland Financial USA Stock Performance
NASDAQ HTLF opened at $65.24 on Wednesday. Heartland Financial USA has a 1 year low of $32.03 and a 1 year high of $70.27. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 36.45 and a beta of 0.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The firm's 50 day simple moving average is $63.49 and its 200 day simple moving average is $54.96.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last issued its earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting analysts' consensus estimates of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The firm had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. During the same quarter last year, the business posted $1.12 EPS. As a group, research analysts expect that Heartland Financial USA will post 4.57 earnings per share for the current fiscal year.
Heartland Financial USA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. Heartland Financial USA's dividend payout ratio (DPR) is currently 67.04%.
Insider Activity at Heartland Financial USA
In related news, Director John K. Schmidt sold 22,500 shares of the firm'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 value of $1,537,200.00. Following the completion of the transaction, the director now owns 60,541 shares in the company, valued at $4,136,161.12. This trade represents a 27.10 % decrease in their position. The sale 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 Heartland Financial USA stock in a transaction that occurred 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 sale, the director now owns 6,963 shares in the company, valued at approximately $470,420.28. This represents a 45.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,743 shares of company stock valued at $1,958,839. 1.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Heartland Financial USA
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas increased its stake in shares of Heartland Financial USA by 28.0% in the third quarter. USA Financial Formulas now owns 1,060 shares of the bank's stock valued at $60,000 after buying an additional 232 shares during the period. Innealta Capital LLC acquired a new stake in Heartland Financial USA during the 2nd quarter valued at approximately $83,000. SG Americas Securities LLC bought a new position in Heartland Financial USA during the 3rd quarter worth approximately $125,000. Blue Trust Inc. lifted its position in shares of Heartland Financial USA by 2,193.4% in 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 period. Finally, XTX Topco Ltd acquired a new position in shares of Heartland Financial USA in the 2nd quarter worth approximately $225,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
Before you consider Heartland Financial USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Heartland Financial USA wasn't on the list.
While Heartland Financial USA currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
