Blue Trust Inc. Sells 362 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Blue Trust Inc. lowered its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,413 shares of the bank’s stock after selling 362 shares during the quarter. Blue Trust Inc.’s holdings in Heartland Financial USA were worth $137,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Integrated Investment Consultants LLC boosted its position in shares of Heartland Financial USA by 2.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after purchasing an additional 170 shares in the last quarter. USA Financial Formulas increased its stake in shares of Heartland Financial USA by 28.0% in the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock valued at $60,000 after acquiring an additional 232 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Heartland Financial USA by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after acquiring an additional 245 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Heartland Financial USA by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 22,119 shares of the bank’s stock worth $983,000 after acquiring an additional 984 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in Heartland Financial USA by 9.3% in the third quarter. Captrust Financial Advisors now owns 14,576 shares of the bank’s stock worth $826,000 after purchasing an additional 1,240 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at Heartland Financial USA

In other 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 value of $1,537,200.00. Following the completion of the sale, the director now 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $67.24, for a total transaction of $29,047.68. Following the completion of the sale, the executive vice president now owns 1,060 shares of the company’s stock, valued at approximately $71,274.40. This represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,743 shares of company stock valued at $1,958,839. Corporate insiders own 1.80% of the company’s stock.

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $64.67 on Thursday. Heartland Financial USA, Inc. has a twelve month low of $32.03 and a twelve month high of $70.27. The stock’s 50 day moving average is $64.57 and its 200-day moving average is $59.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 annualized dividend and a yield of 1.86%. Heartland Financial USA’s payout ratio is 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a report on Friday, January 3rd. They set a “hold” rating on the stock.

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.