Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Heartland Financial USA, Inc. shares valued at $191,982 were sold by Engel Robert B on May 07 ’24. At $25.26 per share, Engel Robert B sold 7,600 shares. The insider’s holdings dropped to 17,000 shares worth approximately $0.75 million following the completion of this transaction.
Also, Karrels Kevin C purchased 93 shares, netting a total of over 3,208 in proceeds. Following the buying of shares at $34.49 each, the insider now holds 3,418 shares.
Before that, Lee Bruce K had added 3,000 shares to its account. In a trade valued at $94,500, the HTLF President and CEO bought Heartland Financial USA, Inc. shares for $31.50 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $3.22 million.
As published in a research note from Raymond James on February 29, 2024, Heartland Financial USA, Inc. [HTLF] has been rated up from a Mkt perform to a Strong buy and the price target has been revised to $41. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of October 06, 2022, DA Davidson has decreased its “Buy” rating to a “Neutral” for HTLF. Earlier on October 26, 2021, Stephens upgraded its rating. Their new recommendation was “an Overweight” for HTLF stock which previously was a “an Equal-weight”.
Analyzing HTLF Stock Performance
During the last five days, there has been a surge of approximately 4.68%. Over the course of the year, Heartland Financial USA, Inc. shares have jumped approximately 17.12%. Shares of the company reached a 52-week high of $44.47 on 05/06/24 and a 52-week low of $32.03 on 02/13/24. A 50-day SMA is recorded $35.52, while a 200-day SMA reached $33.27. Nevertheless, trading volume fell to 0.53 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Heartland Financial USA, Inc. (HTLF)
According to the 24-hour chart, there is a support level at 43.41, which, if violated, would cause prices to drop to 42.77. In the upper region, resistance lies at 44.48. The next price resistance is at 44.91. RSI (Relative Strength Index) is 80.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.99, which suggests the price will increase in the coming days. Percent R is at 3.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
