Shares of NASDAQ HTLF opened at $55.88 on Monday. Heartland Financial USA has a 52 week low of $26.44 and a 52 week high of $59.16. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.39 billion, a P/E ratio of 33.66 and a beta of 0.95. The business's 50 day moving average price is $54.02 and its 200 day moving average price is $46.12.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $188.92 million for the quarter, compared to analyst estimates of $183.19 million. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, sell-side analysts expect that Heartland Financial USA will post 4.73 earnings per share for the current year.
In other news, EVP Lo B. Nestman sold 4,389 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.14, for a total transaction of $220,064.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Rafferty Asset Management LLC grew its holdings in Heartland Financial USA by 38.7% in the fourth quarter. Rafferty Asset Management LLC now owns 37,110 shares of the bank's stock valued at $1,396,000 after purchasing an additional 10,360 shares during the period. First Financial Bankshares Inc purchased a new stake in Heartland Financial USA in the 4th quarter worth $402,000. Clarity Asset Management Inc. acquired a new position in Heartland Financial USA during the fourth quarter worth $50,000. Vanguard Group Inc. lifted its holdings in Heartland Financial USA by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,232,944 shares of the bank's stock valued at $121,591,000 after purchasing an additional 88,886 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Heartland Financial USA by 33.8% in the first quarter. Principal Financial Group Inc. now owns 23,256 shares of the bank's stock valued at $817,000 after purchasing an additional 5,869 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.
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