Heartland Financial USA (NASDAQ:HTLF) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report released on Sunday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Price Performance

Shares of HTLF opened at $67.53 on Friday. Heartland Financial USA has a twelve month low of $29.67 and a twelve month high of $69.91. The company has a market capitalization of $2.90 billion, a P/E ratio of 37.73 and a beta of 0.94. The firm has a 50 day moving average of $59.88 and a 200 day moving average of $52.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The business had revenue of $272.79 million during the quarter, compared to analyst estimates of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same quarter last year, the company earned $1.12 EPS. As a group, equities research analysts anticipate that Heartland Financial USA will post 4.57 earnings per share for the current fiscal year.

Insider Activity

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the business’s stock in a transaction 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 approximately $4,136,161.12. The trade was a 27.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Heartland Financial USA

Large investors have recently modified their holdings of the company. Water Island Capital LLC purchased a new position in Heartland Financial USA in the second quarter worth about $800,000. Dark Forest Capital Management LP bought a new position in shares of Heartland Financial USA in the 2nd quarter worth approximately $601,000. Magnetar Financial LLC bought a new stake in Heartland Financial USA during the second quarter valued at approximately $46,626,000. Slotnik Capital LLC purchased a new stake in Heartland Financial USA during the second quarter valued at approximately $13,714,000. Finally, Envestnet Asset Management Inc. raised its position in Heartland Financial USA by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 144,397 shares of the bank’s stock worth $6,418,000 after acquiring an additional 7,017 shares during the period. Institutional investors own 71.55% of the company’s stock.

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.