Sagefield Capital LP Makes New $3.26 Million Investment in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Sagefield Capital LP bought a new stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 73,218 shares of the bank’s stock, valued at approximately $3,255,000. Sagefield Capital LP owned about 0.17% of Heartland Financial USA at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Heartland Financial USA by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,927 shares of the bank’s stock valued at $18,012,000 after buying an additional 32,044 shares during the period. Quantbot Technologies LP lifted its stake in shares of Heartland Financial USA by 223.1% in the 1st quarter. Quantbot Technologies LP now owns 24,940 shares of the bank’s stock valued at $877,000 after purchasing an additional 17,221 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Heartland Financial USA by 67.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,827 shares of the bank’s stock worth $1,189,000 after purchasing an additional 12,795 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Heartland Financial USA by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,232,944 shares of the bank’s stock worth $121,591,000 after purchasing an additional 88,886 shares during the period. Finally, Norges Bank bought a new stake in Heartland Financial USA in the fourth quarter valued at about $11,502,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Price Performance

Shares of HTLF opened at $57.46 on Tuesday. The stock has a 50 day simple moving average of $53.38 and a 200 day simple moving average of $44.72. Heartland Financial USA, Inc. has a 52-week low of $26.44 and a 52-week high of $59.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77. The firm has a market capitalization of $2.46 billion, a PE ratio of 34.61 and a beta of 0.95.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The company had revenue of $188.92 million during the quarter, compared to analysts’ expectations of $183.19 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that Heartland Financial USA, Inc. will post 4.72 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.09%. Heartland Financial USA’s dividend payout ratio (DPR) is 72.29%.

Insider Transactions at Heartland Financial USA

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded Heartland Financial USA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $54.00 in a report on Friday, May 31st. StockNews.com began coverage on shares of Heartland Financial USA in a research note on Saturday. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.