LSV Asset Management trimmed its holdings in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 126,766 shares of the bank’s stock after selling 1,500 shares during the quarter. LSV Asset Management’s holdings in Heartland Financial USA were worth $6,800,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Cigna Investments Inc. New bought a new stake in shares of Heartland Financial USA during the fourth quarter worth $533,000. Eqis Capital Management Inc. purchased a new position in shares of Heartland Financial USA during the fourth quarter valued at $216,000. First Quadrant L P CA purchased a new position in shares of Heartland Financial USA during the fourth quarter valued at $953,000. UMB Bank N A MO purchased a new position in shares of Heartland Financial USA during the fourth quarter valued at $351,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Heartland Financial USA by 3.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 124,143 shares of the bank’s stock valued at $6,661,000 after buying an additional 4,388 shares during the period. Institutional investors and hedge funds own 48.79% of the company’s stock.

Heartland Financial USA Inc (NASDAQ HTLF) opened at $51.65 on Monday. The company has a market capitalization of $1,547.09, a price-to-earnings ratio of 17.16, a PEG ratio of 1.37 and a beta of 0.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Heartland Financial USA Inc has a 52 week low of $42.10 and a 52 week high of $56.40.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. The company had revenue of $118.38 million for the quarter, compared to analyst estimates of $116.31 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. analysts forecast that Heartland Financial USA Inc will post 3.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s payout ratio is 16.54%.

HTLF has been the topic of several research reports. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Piper Jaffray Companies restated a “buy” rating and set a $57.00 price target on shares of Heartland Financial USA in a research note on Thursday, December 14th. B. Riley restated a “hold” rating and set a $50.00 price target on shares of Heartland Financial USA in a research note on Wednesday, December 13th. Finally, FBR & Co set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Heartland Financial USA currently has a consensus rating of “Buy” and a consensus target price of $57.00.

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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.

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

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