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

Investment analysts at StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report issued on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 0.7 %

HTLF opened at $65.58 on Friday. The company’s 50-day moving average price is $58.79 and its two-hundred day moving average price is $51.53. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA has a twelve month low of $29.67 and a twelve month high of $69.91. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 36.64 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The business had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, equities analysts expect that Heartland Financial USA will post 4.57 earnings per share for the current year.

Insider Buying and Selling at Heartland Financial USA

In related news, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Heartland Financial USA

Several institutional investors have recently made changes to their positions in HTLF. USA Financial Formulas grew its position 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 purchasing an additional 232 shares in the last quarter. Innealta Capital LLC bought a new position in Heartland Financial USA in the 2nd quarter worth about $83,000. SG Americas Securities LLC purchased a new position in Heartland Financial USA during the 3rd quarter valued at about $125,000. Blue Trust Inc. increased its position in shares of Heartland Financial USA by 2,193.4% during the third quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after buying an additional 2,654 shares during the period. Finally, First Affirmative Financial Network purchased a new stake in shares of Heartland Financial USA in the second quarter worth about $209,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Company Profile

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.