Phocas Financial Corp. lowered its position in Heartland Financial USA Inc (NASDAQ:HTLF) by 1.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 97,044 shares of the bank’s stock after selling 938 shares during the period. Phocas Financial Corp. owned 0.28% of Heartland Financial USA worth $5,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Heartland Financial USA by 26.8% during the 2nd quarter. BlackRock Inc. now owns 1,994,517 shares of the bank’s stock worth $109,398,000 after acquiring an additional 421,481 shares during the period. FMR LLC raised its holdings in shares of Heartland Financial USA by 23.7% during the 2nd quarter. FMR LLC now owns 1,363,391 shares of the bank’s stock worth $74,782,000 after acquiring an additional 260,870 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Heartland Financial USA by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,161,372 shares of the bank’s stock worth $63,702,000 after acquiring an additional 19,309 shares during the period. Earnest Partners LLC raised its holdings in shares of Heartland Financial USA by 18.6% during the 1st quarter. Earnest Partners LLC now owns 1,153,425 shares of the bank’s stock worth $61,189,000 after acquiring an additional 180,888 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Heartland Financial USA by 0.3% during the 1st quarter. Northern Trust Corp now owns 949,386 shares of the bank’s stock worth $50,366,000 after acquiring an additional 3,194 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

HTLF has been the topic of several analyst reports. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. ValuEngine lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Stephens started coverage on Heartland Financial USA in a report on Thursday, June 14th. They set an “equal weight” rating on the stock. Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Finally, Raymond James downgraded Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 24th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Heartland Financial USA has a consensus rating of “Hold” and a consensus target price of $56.50.

Shares of NASDAQ:HTLF opened at $60.60 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $2.09 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. Heartland Financial USA Inc has a 12-month low of $44.18 and a 12-month high of $61.95.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The business had revenue of $129.04 million for the quarter, compared to analyst estimates of $129.51 million. Heartland Financial USA had a return on equity of 9.06% and a net margin of 16.67%. During the same period in the previous year, the business posted $0.81 earnings per share. sell-side analysts forecast that Heartland Financial USA Inc will post 3.6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 10th were given a $0.14 dividend. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, August 9th. Heartland Financial USA’s payout ratio is currently 18.67%.

In other Heartland Financial USA news, Director Kurt Saylor sold 5,000 shares of Heartland Financial USA stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $60.67, for a total value of $303,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Martin J. Schmitz sold 2,802 shares of Heartland Financial USA stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $60.00, for a total value of $168,120.00. Following the completion of the transaction, the director now directly owns 68,637 shares of the company’s stock, valued at $4,118,220. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,833 shares of company stock valued at $1,376,305. 6.60% of the stock is currently owned by corporate insiders.

Heartland Financial USA Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. 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.

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

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