Heartland Financial USA Downgraded to Neutral at Zacks (NASDAQ:HTLF)

Heartland Financial USA Inc logoZacks downgraded shares of Heartland Financial USA (NASDAQ:HTLF) from an outperform rating to a neutral rating in a research note released on Monday morning. They currently have $29.80 target price on the stock. Zacks has also taken action a number of other financials stocks recently. The firm reiterated its neutral rating on shares of Cullen/Frost Bankers, Inc.. They have a $74.00 price target on that stock. Also, Zacks downgraded shares of Banco Latinoamericano Comerc Exterior SA from an outperform rating to a neutral rating. Their analysts now have a $37.10 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of BancorpSouth, Inc.. They have a $23.00 price target on that stock. Separately, analysts at Keefe, Bruyette & Woods reiterated a market perform rating on shares of Heartland Financial USA in a research note on Tuesday, October 28th. They now have a $28.50 price target on the stock, up previously from $28.00. Shares of Heartland Financial USA (NASDAQ:HTLF) traded up 0.95% during mid-day trading on Monday, hitting $27.74. 22,776 shares of the company’s stock traded hands. Heartland Financial USA has a 1-year low of $22.38 and a 1-year high of $29.20. The stock has a 50-day moving average of $26.11 and a 200-day moving average of $24.78. The company has a market cap of $512.6 million and a price-to-earnings ratio of 13.96. Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.09. During the same quarter last year, the company posted $0.38 earnings per share. On average, analysts predict that Heartland Financial USA will post $2.12 earnings per share for the current fiscal year. Heartland Financial USA, Inc (NASDAQ:HTLF) is a multi-bank holding company. To get a free copy of the research report on Heartland Financial USA (HTLF), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with Analyst Ratings Network's FREE daily email newsletter.