Heartland Financial USA (NASDAQ:HTLF) Downgraded by ValuEngine

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ValuEngine cut shares of Heartland Financial USA (NASDAQ:HTLF) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

Other research analysts also recently issued research reports about the company. Piper Jaffray Companies lowered their price objective on Heartland Financial USA from $54.00 to $53.00 and set an overweight rating for the company in a research note on Tuesday, July 30th. Zacks Investment Research raised Heartland Financial USA from a sell rating to a hold rating in a research note on Wednesday, July 31st. Finally, BidaskClub downgraded Heartland Financial USA from a hold rating to a sell rating in a research note on Friday, August 16th.

Shares of NASDAQ HTLF opened at $42.11 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.08 and a beta of 0.95. Heartland Financial USA has a 12 month low of $40.80 and a 12 month high of $61.95. The stock has a 50-day moving average price of $44.78 and a two-hundred day moving average price of $45.03.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, July 29th. The bank reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.32. The firm had revenue of $138.77 million during the quarter, compared to the consensus estimate of $135.69 million. Heartland Financial USA had a return on equity of 10.37% and a net margin of 23.19%. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that Heartland Financial USA will post 4.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.71%. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s dividend payout ratio is currently 20.45%.

Several institutional investors have recently added to or reduced their stakes in HTLF. Norges Bank acquired a new position in shares of Heartland Financial USA in the fourth quarter valued at approximately $11,912,000. Nuveen Asset Management LLC increased its stake in shares of Heartland Financial USA by 18.4% in the second quarter. Nuveen Asset Management LLC now owns 888,052 shares of the bank’s stock valued at $39,723,000 after buying an additional 138,029 shares during the period. MidWestOne Financial Group Inc. acquired a new position in shares of Heartland Financial USA in the second quarter valued at approximately $5,970,000. BlackRock Inc. increased its stake in shares of Heartland Financial USA by 5.6% in the second quarter. BlackRock Inc. now owns 2,320,889 shares of the bank’s stock valued at $103,813,000 after buying an additional 122,877 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Heartland Financial USA by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,241,476 shares of the bank’s stock valued at $100,260,000 after buying an additional 80,897 shares during the period. 49.97% of the stock is owned by institutional investors.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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