ETRADE Capital Management LLC raised its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 25.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,741 shares of the bank’s stock after acquiring an additional 1,153 shares during the quarter. ETRADE Capital Management LLC’s holdings in Heartland Financial USA were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HTLF. Ameritas Investment Partners Inc. lifted its stake in Heartland Financial USA by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after acquiring an additional 195 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Heartland Financial USA by 1,973.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,348 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Heartland Financial USA by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock valued at $180,000 after acquiring an additional 572 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in Heartland Financial USA in the second quarter valued at approximately $183,000. Finally, Teton Advisors Inc. acquired a new stake in Heartland Financial USA in the third quarter valued at approximately $222,000. Hedge funds and other institutional investors own 47.88% of the company’s stock.

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at $51.30 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Heartland Financial USA, Inc. has a one year low of $42.10 and a one year high of $56.40. The firm has a market cap of $1,519.92, a price-to-earnings ratio of 17.20, a PEG ratio of 1.69 and a beta of 0.69.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The business had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. During the same period in the previous year, the company earned $0.81 earnings per share. Heartland Financial USA’s revenue for the quarter was up 12.6% on a year-over-year basis. research analysts anticipate that Heartland Financial USA, Inc. will post 3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Thursday, November 16th. Heartland Financial USA’s payout ratio is 14.92%.

HTLF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. B. Riley set a $50.00 price objective on shares of Heartland Financial USA and gave the stock a “hold” rating in a research note on Tuesday, November 14th. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub cut shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Heartland Financial USA presently has a consensus rating of “Hold” and an average target price of $50.33.

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About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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