Price Don’t Lie: Could Heartland Financial USA Inc Change Direction After Touching 52-Week High?

Price Don't Lie: Could Heartland Financial USA Inc Change Direction After Touching 52 Week High?

The stock of Heartland Financial USA Inc (NASDAQ:HTLF) hit a new 52-week high and has $62.55 target or 52.00% above today’s $41.15 share price. The 9 months bullish chart indicates low risk for the $1.11 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $62.55 price target is reached, the company will be worth $577.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 268,046 shares traded hands or 180.54% up from the average. Heartland Financial USA Inc (NASDAQ:HTLF) has risen 31.39% since April 11, 2016 and is uptrending. It has outperformed by 25.25% the S&P500.

Heartland Financial USA Inc (NASDAQ:HTLF) Ratings Coverage

Out of 6 analysts covering Heartland Financial USA (NASDAQ:HTLF), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Heartland Financial USA has been the topic of 7 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated the stock with “Overweight” rating in Friday, March 11 report. The stock of Heartland Financial USA Inc (NASDAQ:HTLF) has “Hold” rating given on Tuesday, July 26 by Sandler O’Neill. The firm earned “Sector Perform” rating on Tuesday, January 26 by RBC Capital Markets. The stock of Heartland Financial USA Inc (NASDAQ:HTLF) earned “Buy” rating by Sandler O’Neill on Tuesday, January 26. The stock has “Strong Buy” rating given by Raymond James on Tuesday, January 26.

According to Zacks Investment Research, “Heartland Financial USA, Inc. is a multi-bank holding company operating through bank subsidiaries in the states of Iowa, Wisconsin, Illinois and New Mexico and a federal savings bank subsidiary in Iowa. The Bank Subsidiaries provide full-service retail banking. Deposit products include checking and other demand deposit accounts, savings accounts, money market accounts, individual retirement accounts and other time deposits. Loans include commercial and industrial, agricultural, real estate mortgage, consumer, home equity, credit cards and lines of credit.”

Insitutional Activity: The institutional sentiment increased to 2.6 in Q2 2016. Its up 0.78, from 1.82 in 2016Q1. The ratio is positive, as 8 funds sold all Heartland Financial USA Inc shares owned while 22 reduced positions. 27 funds bought stakes while 51 increased positions. They now own 10.04 million shares or 8.64% more from 9.24 million shares in 2016Q1.
Nuveen Asset Management Ltd Liability Co has 0.03% invested in the company for 144,593 shares. The Indiana-based Horizon Invest Service Limited Liability has invested 0.21% in Heartland Financial USA Inc (NASDAQ:HTLF). Bankshares Of America De, a North Carolina-based fund reported 1,922 shares. Moreover, Mutual Of America Cap Ltd Liability Co has 0% invested in Heartland Financial USA Inc (NASDAQ:HTLF) for 1,475 shares. Bridgeway Mgmt Inc, a Texas-based fund reported 53,550 shares. Moreover, Great West Life Assurance Can has 0% invested in Heartland Financial USA Inc (NASDAQ:HTLF) for 2,455 shares. Financial Counselors last reported 497,447 shares in the company. The California-based Phocas Fincl has invested 0.65% in Heartland Financial USA Inc (NASDAQ:HTLF). Natl Bank Of Montreal Can holds 36,439 shares or 0% of its portfolio. Bnp Paribas Arbitrage last reported 967 shares in the company. Us Bancorp De last reported 31,440 shares in the company. Northern has invested 0.01% of its portfolio in Heartland Financial USA Inc (NASDAQ:HTLF). Zebra Cap Mgmt Limited Liability Co holds 27,311 shares or 0.34% of its portfolio. Sii Invests Wi accumulated 11,177 shares or 0.03% of the stock. The New York-based Springbok Mgmt Ltd Liability Corporation has invested 0% in Heartland Financial USA Inc (NASDAQ:HTLF).

Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 19 insider sales for $7.20 million net activity. 16,700 shares were sold by Saylor Kurt, worth $599,996 on Monday, September 19.

More notable recent Heartland Financial USA Inc (NASDAQ:HTLF) news were published by: Globenewswire.com which released: “Heartland Financial USA, Inc. Announces Offering of Common Stock” on November 02, 2016, also Globenewswire.com with their article: “Heartland Financial USA, Inc. and Founders Bancorp Announce Merger Agreement” published on October 31, 2016, Businesswire.com published: “Heartland Financial USA, Inc. to Acquire CIC Bancshares, Inc. in Colorado” on October 23, 2015. More interesting news about Heartland Financial USA Inc (NASDAQ:HTLF) were released by: Nasdaq.com and their article: “Jack Lloyd Named Mortgage President at Heartland Financial USA, Inc.” published on October 25, 2016 as well as Businesswire.com‘s news article titled: “Heartland Financial USA, Inc. Announces Retirement of CCO Kenneth Erickson” with publication date: July 27, 2015.

HTLF Company Profile

Heartland Financial USA, Inc. (Heartland), incorporated on June 18, 1993, is a multi-bank holding company. The Company’s divisions include community and other banking, and retail mortgage banking. The Company’s community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks. The Company’s retail mortgage banking segment is engaged in the origination of residential loans and subsequent sale of those loans to investors. The Firm conducts its community banking business through independently chartered community banks (collectively, the Bank Subsidiaries) in the states of Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Missouri, Kansas, Texas and California.

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