Today’s Price Action: Will Heartland Financial USA Inc Run Out of Steam Soon?

Today's Price Action: Will Heartland Financial USA Inc Run Out of Steam Soon?

The stock of Heartland Financial USA Inc (NASDAQ:HTLF) reached all time high today, Nov, 29 and still has $44.72 target or 4.00% above today’s $43.00 share price. This indicates more upside for the $1.11 billion company. This technical setup was reported by Barchart.com. If the $44.72 PT is reached, the company will be worth $44.40M 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. The stock last traded at $43 per share. It is down 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 $19.36 million for 14.33 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 “Hold” rating by Sandler O’Neill on Tuesday, July 26. Sandler O’Neill upgraded the stock to “Buy” rating in Tuesday, January 26 report. On Tuesday, January 26 the stock rating was upgraded by Raymond James to “Strong Buy”. The firm earned “Overweight” rating on Friday, March 11 by Piper Jaffray. RBC Capital Markets maintained the shares of HTLF in a report on Tuesday, January 26 with “Sector Perform” 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 decreased to 1.31 in Q2 2016. Its down 1.29, from 2.6 in 2016Q1. The ratio dropped, 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.
Denali Limited Liability Co last reported 14 shares in the company. State Board Of Administration Of Florida Retirement Sys last reported 0% of its portfolio in the stock. Springbok Capital Management Lc holds 700 shares or 0% of its portfolio. Aqr Capital Mngmt Ltd accumulated 0% or 61,577 shares. Systematic Finance Mgmt Limited Partnership has 38,815 shares for 0.02% of their US portfolio. Globeflex Capital Lp last reported 0% of its portfolio in the stock. Jbf Capital has 0% invested in the company for 326 shares. Wells Fargo Mn reported 82,478 shares or 0% of all its holdings. Panagora Asset last reported 6,804 shares in the company. Moreover, D E Shaw And Inc has 0% invested in Heartland Financial USA Inc (NASDAQ:HTLF) for 16,084 shares. Martingale Asset Mgmt L P last reported 53,167 shares in the company. Rhumbline Advisers holds 27,533 shares or 0% of its portfolio. Royal Bank Of Canada has 18,226 shares for 0% of their US portfolio. Vanguard Gp Inc has 724,494 shares for 0% of their US portfolio. Cutler Cap Management Ltd Liability Corporation last reported 0.1% of its portfolio in the stock.

Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 19 insider sales for $7.20 million net activity. On Wednesday, August 24 Saylor Kurt sold $83,002 worth of the stock or 2,350 shares.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment