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Heartland Financial Shares Sinking Lower, Down 1.5%

Published on Mon, 03/18/2013 - 12:31
By Mallory Stone

One of today's stocks on the move is Heartland Financial (NASDAQ:HTLF), down 1.5% to $25.07. The S&P is currently trading 0.3% lower to 1,555 and the Dow Jones Industrial Average is trading fractionally lower to 14,492.

Heartland Financial (NASDAQ:HTLF) has potential upside of 19.2% based on a current price of $25.07 and analysts' consensus price target of $29.88. The stock should find resistance at its 200-day moving average (MA) of $25.22, as well as support at its 50-day MA of $24.75.

Over the past year, Heartland Financial has traded in a range of $12.21 to $29.01 and is now at $25.07, 105% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.5%.

Heartland Financial USA, Inc. is a holding company for banks that operate in Iowa, Illinois, Wisconsin, Arizona, New Mexico and Montana. The Banks solicit deposits and make commercial, agricultural, real estate mortgage, consumer and home equity loans. The Company also has consumer finance, fleet leasing and investment banking subsidiaries.

By Mallory Stone
mstone@fnno.com