Squarepoint Ops LLC Makes New Investment in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Squarepoint Ops LLC purchased a new stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 238,485 shares of the bank’s stock, valued at approximately $10,601,000. Squarepoint Ops LLC owned about 0.56% of Heartland Financial USA as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of Heartland Financial USA by 14.9% during the 4th quarter. Principal Financial Group Inc. now owns 17,387 shares of the bank’s stock worth $654,000 after acquiring an additional 2,255 shares during the last quarter. Norges Bank bought a new position in Heartland Financial USA in the 4th quarter worth $11,502,000. TFO Wealth Partners LLC lifted its position in Heartland Financial USA by 37,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after purchasing an additional 2,253 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in Heartland Financial USA by 38.7% during the fourth quarter. Rafferty Asset Management LLC now owns 37,110 shares of the bank’s stock valued at $1,396,000 after purchasing an additional 10,360 shares during the period. Finally, First Financial Bankshares Inc bought a new stake in Heartland Financial USA during the fourth quarter valued at about $402,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of Heartland Financial USA stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Heartland Financial USA Trading Up 0.2 %

Shares of HTLF stock opened at $56.00 on Friday. 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 stock has a fifty day simple moving average of $53.75 and a two-hundred day simple moving average of $45.17. The firm has a market capitalization of $2.40 billion, a PE ratio of 33.73 and a beta of 0.95. Heartland Financial USA, Inc. has a 52-week low of $26.44 and a 52-week high of $59.16.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. The firm had revenue of $188.92 million during the quarter, compared to analysts’ expectations of $183.19 million. During the same quarter last year, the business posted $1.09 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Heartland Financial USA, Inc. will post 4.73 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 72.29%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research report on Sunday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.