HTLF - Why Heartland Financial Stock Fell 10% This Week
2023-04-28 13:33:24 ET
Heartland Financial (NASDAQ: HTLF) saw its stock price drop 10.4% this week, as of 10:50 a.m. ET on Friday, according to S&P Global Market Intelligence . The stock was trading at about $32.30 per share as of Friday morning, down 30.7% year to date (YTD).
In contrast, the markets were up slightly this week, as the S&P 500 gained 0.6%, the Dow Jones Industrial Average was up 0.6%, and the Nasdaq Composite climbed 0.8% this week, as of Friday at 10:50 a.m. ET.
The catalyst for Heartland Financial's drop was its first-quarter earnings, released on Monday, April 24. Heartland, the Denver-based holding company for HTLF Bank, missed revenue and earnings estimates.
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Why Heartland Financial Stock Fell 10% This Week