Analysts review Heartland Financial USA Inc.’s rating


Heartland Financial USA Inc.’s recently made public that its HTLF President and CEO Lee Bruce K acquired Company’s shares for reported $94500.0 on Aug 14. In the deal valued at $31.50 per share,3,000 shares were bought. As a result of this transaction, Lee Bruce K now holds 73,039 shares worth roughly $ 2.34 million.

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Then, DETERS DEBORAH K bought 536 shares, generating $13,722 in total proceeds. Upon buying the shares at $25.60, the EVP, Chief HR Officer now owns 7,445 shares.

Before that, Karrels Kevin C bought 124 shares. Heartland Financial USA Inc. shares valued at $3,174 were divested by the EVP, Head of Consumer at a price of $25.60 per share. As a result of the transaction, Karrels Kevin C now holds 3,325 shares, worth roughly $0.11 million.

Keefe Bruyette downgraded its Heartland Financial USA Inc. [HTLF] rating to a Mkt perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 40.7 to its Friday closing price.

Price Performance Review of HTLF

On Friday, Heartland Financial USA Inc. [NASDAQ:HTLF] saw its stock jump 4.50% to $32.02. On the same session, the stock had its day’s lowest price of $30.98, but rose to a high of $32.60. Over the last five days, the stock has gained 6.10%. Heartland Financial USA Inc. shares have fallen nearly -31.32% since the year began. Nevertheless, the stocks have fallen -28.32% over the past one year. While a 52-week high of $51.60 was reached on 02/03/23, a 52-week low of $26.10 was recorded on 05/12/23. SMA at 50 days reached $31.06, while 200 days put it at $38.35. A total of 0.2 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For HTLF Stock

The 24-hour chart illustrates a support level at 31.13, which if violated will result in even more drops to 30.25. On the upside, there is a resistance level at 32.75. A further resistance level may holdings at 33.49. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.71%. Stochastics %K at 47.21% indicates the stock is a holding.

How much short interest is there in Heartland Financial USA Inc.?

A steep rise in short interest was recorded in Heartland Financial USA Inc. stocks on Aug 14, 2023, dropping by 57590.0 shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.5 million shares. There was a decline of -12.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.62.

Heartland Financial USA Inc. [HTLF] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,825,973 shares, or roughly 8.99% of the outstanding HTLF shares. In other words, the investor’s shares have risen by 66,293 from its previous 13-F filing of 3759680.0. Additionally, The Vanguard Group, Inc. increased 0.80% of its stake after which the total value it holdings stand at $103,993,814, while EARNEST Partners LLC reduced -15.27% of its stake to hold $94.31 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -136,482 shares of Heartland Financial USA Inc., while Dubuque Bank & Trust Co. sold 52,133 shares. At present, Thrivent Asset Management LLC is holding 1,474,266 shares valued at $50.63 million. SSgA Funds Management, Inc. owned 1,224,336 shares of the company at the time of its most recent 13F filing, worth $42.04 million.

According to FactSet, Heartland Financial USA Inc.’s share price will average $37.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.02 percent from its previous closing price of $30.64. Analysts expect Heartland Financial USA Inc. stock to reach the higher price of $40.00, while the lowest price estimate is $35.00. However, 5 analysts have rated HTLF stock as an Overweight in their predictions for 2023.


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