Hsbc Holdings PLC Decreases Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Hsbc Holdings PLC cut its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 41.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,779 shares of the bank’s stock after selling 3,416 shares during the period. Hsbc Holdings PLC’s holdings in Heartland Financial USA were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Heartland Financial USA by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,244,151 shares of the bank’s stock worth $114,032,000 after purchasing an additional 11,207 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Heartland Financial USA by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock valued at $105,999,000 after buying an additional 182,245 shares during the period. Stieven Capital Advisors L.P. lifted its holdings in Heartland Financial USA by 506.3% in the first quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock valued at $13,852,000 after acquiring an additional 329,095 shares during the last quarter. Bank of New York Mellon Corp grew its position in Heartland Financial USA by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 302,294 shares of the bank’s stock worth $13,437,000 after acquiring an additional 12,565 shares during the period. Finally, Sei Investments Co. increased its stake in Heartland Financial USA by 3.5% during the first quarter. Sei Investments Co. now owns 153,572 shares of the bank’s stock worth $5,398,000 after acquiring an additional 5,262 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Stock Up 1.8 %

NASDAQ:HTLF opened at $55.88 on Friday. Heartland Financial USA, Inc. has a 52 week low of $26.44 and a 52 week high of $59.16. The stock’s fifty day moving average is $54.02 and its two-hundred day moving average is $46.03. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 33.66 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 released its 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. The company had revenue of $188.92 million during the quarter, compared to the consensus estimate of $183.19 million. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. Heartland Financial USA’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. Research analysts anticipate that Heartland Financial USA, Inc. will post 4.73 EPS for the current year.

Heartland Financial USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 72.29%.

Insider Buying and Selling at Heartland Financial USA

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Heartland Financial USA in a research note on Sunday, September 29th. They issued a “hold” rating on the stock. Two investment 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 stock. According to data from MarketBeat, Heartland Financial USA has an average 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.