7,514 Shares in Heartland Financial USA, Inc. (NASDAQ:HTLF) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,514 shares of the bank’s stock, valued at approximately $426,000.

A number of other institutional investors also recently modified their holdings of HTLF. Moors & Cabot Inc. boosted its holdings in Heartland Financial USA by 58.2% in the third quarter. Moors & Cabot Inc. now owns 15,504 shares of the bank’s stock valued at $879,000 after acquiring an additional 5,706 shares during the last quarter. LMR Partners LLP boosted its position in shares of Heartland Financial USA by 105.4% during the 3rd quarter. LMR Partners LLP now owns 88,856 shares of the bank’s stock valued at $5,038,000 after purchasing an additional 45,601 shares in the last quarter. Stieven Capital Advisors L.P. grew its stake in Heartland Financial USA by 20.9% during the third quarter. Stieven Capital Advisors L.P. now owns 323,577 shares of the bank’s stock worth $18,347,000 after purchasing an additional 55,949 shares during the period. Empowered Funds LLC boosted its holdings in shares of Heartland Financial USA by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 107,076 shares of the bank’s stock worth $6,071,000 after buying an additional 5,360 shares in the last quarter. Finally, Versor Investments LP grew its position in shares of Heartland Financial USA by 13.6% during the 3rd quarter. Versor Investments LP now owns 83,489 shares of the bank’s stock worth $4,734,000 after buying an additional 9,982 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Trading Down 0.4 %

Shares of Heartland Financial USA stock opened at $67.32 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $2.89 billion, a P/E ratio of 37.61 and a beta of 0.94. Heartland Financial USA, Inc. has a 52-week low of $31.47 and a 52-week high of $70.27. The stock’s 50-day simple moving average is $61.14 and its 200 day simple moving average is $53.31.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. The company had revenue of $272.79 million for the quarter, compared to analyst estimates of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same period in the previous year, the company posted $1.12 EPS. As a group, research analysts anticipate that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, November 12th. Heartland Financial USA’s dividend payout ratio (DPR) is currently 67.04%.

Insider Buying and Selling

In related news, Director John K. Schmidt sold 22,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now directly owns 60,541 shares in the company, valued at $4,136,161.12. This represents a 27.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark A. Frank sold 432 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the transaction, the executive vice president now owns 1,060 shares in the company, valued at approximately $71,274.40. This represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Heartland Financial USA in a report on Monday. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company 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.