Heartland Financial USA, Inc. (NASDAQ:HTLF - Get Free Report) Director Robert B. Engel sold 7,600 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $25.26, for a total transaction of $191,976.00. Following the transaction, the director now owns 17,000 shares in the company, valued at $429,420. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Heartland Financial USA Stock Performance
HTLF opened at $43.59 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $1.86 billion, a PE ratio of 26.26 and a beta of 0.98. The business has a fifty day simple moving average of $35.34 and a 200 day simple moving average of $34.34. Heartland Financial USA, Inc. has a 1 year low of $26.10 and a 1 year high of $44.47.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last announced its earnings results on Monday, April 29th. The bank reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.08. The company had revenue of $279.39 million during the quarter, compared to analysts' expectations of $182.73 million. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.50%. During the same quarter in the previous year, the business posted $1.22 earnings per share. Research analysts expect that Heartland Financial USA, Inc. will post 4.49 EPS for the current year.
Heartland Financial USA Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 2.75%. Heartland Financial USA's dividend payout ratio is 72.29%.
Institutional Investors Weigh In On Heartland Financial USA
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Heartland Financial USA during the 3rd quarter worth approximately $232,000. Raymond James & Associates lifted its stake in Heartland Financial USA by 1.8% during the third quarter. Raymond James & Associates now owns 20,785 shares of the bank's stock worth $612,000 after purchasing an additional 376 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Heartland Financial USA by 5.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,560 shares of the bank's stock valued at $340,000 after purchasing an additional 593 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Heartland Financial USA by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 292,015 shares of the bank's stock valued at $8,594,000 after purchasing an additional 4,217 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Heartland Financial USA by 32.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,894 shares of the bank's stock valued at $291,000 after purchasing an additional 2,450 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HTLF has been the subject of a number of research analyst reports. Raymond James upgraded Heartland Financial USA from a "market perform" rating to a "strong-buy" rating and set a $41.00 price target for the company in a report on Thursday, February 29th. Stephens reiterated an "overweight" rating and set a $45.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Piper Sandler increased their price target on Heartland Financial USA from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, January 30th. TheStreet cut shares of Heartland Financial USA from a "b" rating to a "c+" rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Heartland Financial USA from $41.00 to $51.00 and gave the company a "market perform" rating in a research report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $45.00.
Read Our Latest Stock Report on Heartland Financial USA
Heartland Financial USA Company Profile
(
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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