Sandler O’Neill Downgrades Heartland Financial USA Inc to Hold

Brokerage firm Sandler O’Neill Downgrades its rating on Heartland Financial USA Inc(NASDAQ:HTLF). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Sandler O’Neill was issued on Jul 26, 2016.

Heartland Financial USA Inc (HTLF) shares turned negative on Fridays trading session with the shares closing down -0.29 points or -0.78% at a volume of 93,509. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.16. The peak price level was also seen at $37.16 while the days lowest was $36.66. Finally the shares closed at $36.72. The 52-week high of the shares is $39.45 while the 52-week low is $25.95. According to the latest information available, the market cap of the company is $900 M.

Heartland Financial USA Inc has also declared a cash dividend of $0.1000 on Jul 21, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed on Aug 19, 2016. The dividend payable date has been fixed on Sep 2, 2016.

Heartland Financial USA Inc(HTLF) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $104.14M. Analysts had an estimated revenue of $103.00M. Earnings per share were $0.84. Analysts had estimated an EPS of $0.76.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Kurt Saylor (director) sold 4,500 shares at $34.52 per share price.Also, On Nov 16, 2015, Kenneth J Erickson (EVP, Chief Credit Officer) sold 5,000 shares at $38.79 per share price.On May 6, 2015, Lynn B Fuller (CEO) purchased 26,900 shares at $33.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Heartland Financial USA Inc. (Heartland) is a multi-bank holding company. The Company operates through two business segments community and other banking and retail mortgage banking. The community and other banking segment involve making loans to and generating deposits from individuals and businesses in the markets where Heartland has banks. The retail mortgage banking segment involves the origination of residential loans and subsequent sale of those loans to investors. The Company 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 and Kansas. The Bank Subsidiaries provides banking services such as commercial banking small business banking agricultural loans residential real estate mortgage lending retail banking consumer finance and wealth management and retirement plan services.

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