XTX Topco Ltd Purchases Shares of 5,062 Heartland Financial USA, Inc. (NASDAQ:HTLF)

XTX Topco Ltd acquired a new stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,062 shares of the bank’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also modified their holdings of HTLF. Clarity Asset Management Inc. acquired a new position in Heartland Financial USA in the fourth quarter valued at approximately $50,000. Innealta Capital LLC purchased a new stake in Heartland Financial USA during the second quarter worth $83,000. TFO Wealth Partners LLC grew 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 buying an additional 2,253 shares during the period. Meeder Asset Management Inc. grew its position in Heartland Financial USA by 695.2% during the first quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock valued at $99,000 after buying an additional 2,454 shares during the period. Finally, First Affirmative Financial Network acquired a new position in shares of Heartland Financial USA in the second quarter worth about $209,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at Heartland Financial USA

In other news, EVP Lo B. Nestman sold 4,389 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.14, for a total transaction of $220,064.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Stock Performance

HTLF opened at $56.00 on Monday. The firm’s fifty day simple moving average is $53.75 and its two-hundred day simple moving average is $45.33. Heartland Financial USA, Inc. has a 52-week low of $26.44 and a 52-week high of $59.16. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 33.73 and a beta of 0.95. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $188.92 million for the quarter, compared to analyst estimates of $183.19 million. During the same period last year, the company posted $1.09 EPS. Heartland Financial USA’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Heartland Financial USA, Inc. will post 4.73 earnings per share 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. Investors of record on Tuesday, August 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Tuesday, August 13th. Heartland Financial USA’s payout ratio is 72.29%.

About Heartland Financial USA

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.