The stock of Heartland Financial USA Inc (NASDAQ:HTLF) hit a new 52-week high and has $44.34 target or 3.00% above today’s $43.05 share price. The 8 months bullish chart indicates low risk for the $1.12 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $44.34 price target is reached, the company will be worth $33.60 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 76,175 shares traded hands. Heartland Financial USA Inc (NASDAQ:HTLF) has risen 26.47% since April 26, 2016 and is uptrending. It has outperformed by 21.21% the S&P500.
Analysts await Heartland Financial USA Inc (NASDAQ:HTLF) to report earnings on January, 23. They expect $0.75 earnings per share, up 11.94% or $0.08 from last year’s $0.67 per share. HTLF’s profit will be $19.51 million for 14.35 P/E if the $0.75 EPS becomes a reality. After $0.81 actual earnings per share reported by Heartland Financial USA Inc for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.
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 stock of Heartland Financial USA Inc (NASDAQ:HTLF) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, January 26. Sandler O’Neill upgraded the shares of HTLF in a report on Tuesday, January 26 to “Buy” rating. The rating was upgraded by Raymond James on Tuesday, January 26 to “Strong Buy”. As per Tuesday, July 26, the company rating was downgraded by Sandler O’Neill. On Friday, March 11 the stock rating was initiated by Piper Jaffray with “Overweight”.
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 decreased to 1.31 in 2016 Q2. Its down 1.29, from 2.6 in 2016Q1. The ratio dived, 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.
Jpmorgan Chase & Company has invested 0% of its portfolio in Heartland Financial USA Inc (NASDAQ:HTLF). Voya Investment Ltd Liability Corp last reported 8,120 shares in the company. Phocas Corp has 0.65% invested in the company for 253,646 shares. Blackrock Advsr Lc, a Delaware-based fund reported 9,877 shares. Tfs Llc last reported 12,706 shares in the company. Prudential Inc holds 216,075 shares or 0.01% of its portfolio. Allianz Asset Mgmt Ag accumulated 0% or 24,210 shares. Bridgeway Cap Mngmt Inc last reported 53,550 shares in the company. Century has 104,590 shares for 0% of their US portfolio. Tiaa Cref Investment Mngmt Llc, a New York-based fund reported 126,335 shares. The Georgia-based Buckhead Capital Mngmt Ltd Com has invested 0.14% in Heartland Financial USA Inc (NASDAQ:HTLF). Springbok Management Ltd Liability owns 700 shares or 0% of their US portfolio. Panagora Asset Management Inc holds 6,804 shares or 0% of its portfolio. Pnc Services Gru Inc reported 6,565 shares or 0% of all its holdings. Credit Suisse Ag last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 19 sales for $7.20 million net activity. 10,100 Heartland Financial USA Inc (NASDAQ:HTLF) shares with value of $365,259 were sold by Saylor Kurt.
More notable recent Heartland Financial USA Inc (NASDAQ:HTLF) news were published by: Globenewswire.com which released: “Heartland Financial USA, Inc. and Founders Bancorp Announce Merger Agreement” on October 31, 2016, also Globenewswire.com with their article: “Heartland Financial USA, Inc. Announces Offering of Common Stock” published on November 02, 2016, Globenewswire.com published: “Jack Lloyd Named Mortgage President at Heartland Financial USA, Inc.” on October 25, 2016. More interesting news about Heartland Financial USA Inc (NASDAQ:HTLF) were released by: Nasdaq.com and their article: “Heartland Financial USA, Inc. (HTLF) Ex-Dividend Date Scheduled for November …” published on November 15, 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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