At Bancorp Has Cut Its Pnm Res (PNM) Position; Heartland Financial USA (HTLF) Sentiment Is 1.23

January 14, 2018 - By Vivian Currie

Heartland Financial USA, Inc., a multi-bank holding company, provides commercial and consumer banking services to individuals and businesses in the United States. The company has market cap of $1.65 billion. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits. It has a 18.63 P/E ratio. The firm also offers commercial and industrial loans; commercial real estate loans; small business loans; agricultural loans; real estate mortgage loans; consumer loans comprising motor vehicle loans, home improvement loans, home equity line of credit, and fixed rate home equity and personal lines of credit; and credit cards for commercial, business, and personal use.

At Bancorp decreased Pnm Res Inc (PNM) stake by 28.44% reported in 2017Q3 SEC filing. At Bancorp sold 16,636 shares as Pnm Res Inc (PNM)’s stock rose 3.42%. The At Bancorp holds 41,853 shares with $1.69 million value, down from 58,489 last quarter. Pnm Res Inc now has $2.84B valuation. The stock decreased 2.33% or $0.85 during the last trading session, reaching $35.7. About 634,953 shares traded. PNM Resources, Inc. (NYSE:PNM) has risen 13.69% since January 14, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

Analysts await Heartland Financial USA, Inc. (NASDAQ:HTLF) to report earnings on January, 29. They expect $0.80 earnings per share, up 8.11% or $0.06 from last year’s $0.74 per share. HTLF’s profit will be $23.96 million for 17.19 P/E if the $0.80 EPS becomes a reality. After $0.72 actual earnings per share reported by Heartland Financial USA, Inc. for the previous quarter, Wall Street now forecasts 11.11% EPS growth.

Dubuque Bank & Trust Co holds 12.83% of its portfolio in Heartland Financial USA, Inc. for 1.58 million shares. Walthausen & Co. Llc owns 259,489 shares or 1.2% of their US portfolio. Moreover, At Bancorp has 0.75% invested in the company for 133,357 shares. The Missouri-based Financial Counselors Inc has invested 0.73% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 34,370 shares.

The stock increased 0.82% or $0.45 during the last trading session, reaching $55. About 195,662 shares traded or 45.62% up from the average. Heartland Financial USA, Inc. (HTLF) has risen 36.11% since January 14, 2017 and is uptrending. It has outperformed by 19.41% the S&P500.

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.10, from 1.38 in 2017Q2. It worsened, as 13 investors sold PNM shares while 69 reduced holdings. 38 funds opened positions while 67 raised stakes. 72.32 million shares or 1.78% less from 73.63 million shares in 2017Q2 were reported. Walleye Trading Ltd Liability Corp stated it has 0.01% of its portfolio in PNM Resources, Inc. (NYSE:PNM). Amp Investors has invested 0.01% in PNM Resources, Inc. (NYSE:PNM). Advantus Capital Mngmt Inc stated it has 10,055 shares or 0.01% of all its holdings. 270,799 are owned by Cambiar Invsts Limited Liability Co. San Francisco Sentry Invest (Ca) stated it has 0% of its portfolio in PNM Resources, Inc. (NYSE:PNM). Envestnet Asset reported 0% in PNM Resources, Inc. (NYSE:PNM). Miller Howard Invests Ny holds 0.06% or 67,725 shares. Parametric Port Ltd Liability Corp holds 0.02% in PNM Resources, Inc. (NYSE:PNM) or 365,898 shares. Moreover, Raymond James Assocs has 0.01% invested in PNM Resources, Inc. (NYSE:PNM). Fny Managed Accounts Ltd Limited Liability Company owns 104 shares for 0.01% of their portfolio. Federated Pa owns 0% invested in PNM Resources, Inc. (NYSE:PNM) for 37,662 shares. Prudential Public Limited Co stated it has 868,400 shares or 0.11% of all its holdings. Loomis Sayles & LP invested in 784 shares. Jennison Assocs invested in 0.06% or 1.34 million shares. Moreover, Lpl Fin Ltd Liability Corporation has 0% invested in PNM Resources, Inc. (NYSE:PNM).

Among 13 analysts covering PNM Resources (NYSE:PNM), 2 have Buy rating, 4 Sell and 7 Hold. Therefore 15% are positive. PNM Resources had 47 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, December 24 the stock rating was maintained by Argus Research with “Buy”. The rating was maintained by Jefferies on Wednesday, August 30 with “Hold”. On Friday, August 18 the stock rating was downgraded by Ladenburg to “Hold”. The company was maintained on Friday, July 21 by Jefferies. Williams Capital Group downgraded the stock to “Hold” rating in Wednesday, March 1 report. The stock of PNM Resources, Inc. (NYSE:PNM) earned “Buy” rating by Williams Capital Group on Tuesday, October 4. The stock of PNM Resources, Inc. (NYSE:PNM) has “Buy” rating given on Tuesday, September 20 by Jefferies. The stock of PNM Resources, Inc. (NYSE:PNM) has “Buy” rating given on Wednesday, July 22 by Argus Research. The rating was downgraded by Jefferies to “Hold” on Thursday, January 5. The stock of PNM Resources, Inc. (NYSE:PNM) has “Buy” rating given on Monday, March 21 by Argus Research.

Analysts await PNM Resources, Inc. (NYSE:PNM) to report earnings on February, 27. They expect $0.26 earnings per share, down 23.53% or $0.08 from last year’s $0.34 per share. PNM’s profit will be $20.71M for 34.33 P/E if the $0.26 EPS becomes a reality. After $0.93 actual earnings per share reported by PNM Resources, Inc. for the previous quarter, Wall Street now forecasts -72.04% negative EPS growth.

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