The stock of Heartland Financial USA Inc (NASDAQ:HTLF) reached all time high today, Nov, 14 and still has $58.94 target or 39.00% above today’s $42.40 share price. This indicates more upside for the $1.16 billion company. This technical setup was reported by Barchart.com. If the $58.94 PT is reached, the company will be worth $452.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 311,663 shares traded hands or 196.51% up from the average. Heartland Financial USA Inc (NASDAQ:HTLF) has risen 36.53% since April 12, 2016 and is uptrending. It has outperformed by 31.55% 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. The firm has “Overweight” rating given on Friday, March 11 by Piper Jaffray. The firm has “Buy” rating given on Tuesday, January 26 by Sandler O’Neill. On Tuesday, January 26 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Raymond James upgraded Heartland Financial USA Inc (NASDAQ:HTLF) on Tuesday, January 26 to “Strong Buy” rating. Sandler O’Neill downgraded Heartland Financial USA Inc (NASDAQ:HTLF) on Tuesday, July 26 to “Hold” rating.
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 2016 Q2. Its up 0.78, from 1.82 in 2016Q1. The ratio increased, 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.
Zpr Mngmt has 35,821 shares for 2.39% of their US portfolio. Geode Cap Mgmt Ltd Com last reported 0% of its portfolio in the stock. Ubs Asset Mngmt Americas Incorporated reported 7,548 shares or 0% of all its holdings. Jpmorgan Chase holds 0% of its portfolio in Heartland Financial USA Inc (NASDAQ:HTLF) for 180,133 shares. Clarivest Asset Management accumulated 31,100 shares or 0.03% of the stock. Legal And General Gru Public Limited Company has 3,024 shares for 0% of their US portfolio. California Pub Employees Retirement Sys owns 9,800 shares or 0% of their US portfolio. Parametric Port Ltd Co holds 0% of its portfolio in Heartland Financial USA Inc (NASDAQ:HTLF) for 29,695 shares. Brandywine Inv Mgmt Ltd Liability Co has 0.02% invested in the company for 64,140 shares. Hgk Asset Mgmt Inc accumulated 0.06% or 10,536 shares. Kennedy has 75,798 shares for 0.05% of their US portfolio. Moreover, Dimensional Fund Advisors L P has 0.02% invested in Heartland Financial USA Inc (NASDAQ:HTLF) for 754,233 shares. Goldman Sachs Gru last reported 0% of its portfolio in the stock. Vanguard Grp holds 0% of its portfolio in Heartland Financial USA Inc (NASDAQ:HTLF) for 724,494 shares. Millennium Ltd Llc accumulated 67,321 shares or 0.01% of the stock.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 19 insider sales for $7.20 million net activity. Saylor Kurt also sold $664,685 worth of Heartland Financial USA Inc (NASDAQ:HTLF) on Monday, October 3.
More notable recent Heartland Financial USA Inc (NASDAQ:HTLF) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Apartment Investment & Management, Primerica and …” on November 14, 2016, also Globenewswire.com with their article: “Heartland Financial USA, Inc. Announces Offering of Common Stock” published on November 02, 2016, Globenewswire.com published: “Heartland Financial USA, Inc. and Founders Bancorp Announce Merger Agreement” on October 31, 2016. More interesting news about Heartland Financial USA Inc (NASDAQ:HTLF) were released by: Globenewswire.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. to Acquire CIC Bancshares, Inc. in Colorado” with publication date: October 23, 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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