Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Price Performance

Shares of HTLF stock opened at $64.67 on Wednesday. The firm has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA has a 1-year low of $32.03 and a 1-year high of $70.27. The firm has a fifty day moving average of $64.08 and a two-hundred day moving average of $60.48.

Insider Activity

In other news, EVP Mark A. Frank sold 432 shares of Heartland Financial USA 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 completion of the transaction, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at approximately $71,274.40. The trade was a 28.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the completion of the transaction, the director now directly owns 6,963 shares of the company’s stock, valued at $470,420.28. This trade represents a 45.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Heartland Financial USA by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,888 shares of the bank’s stock valued at $193,410,000 after purchasing an additional 46,937 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Heartland Financial USA by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after purchasing an additional 145,255 shares during the last quarter. Geode Capital Management LLC lifted its position in Heartland Financial USA by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock valued at $58,036,000 after purchasing an additional 47,480 shares during the last quarter. Westchester Capital Management LLC lifted its position in Heartland Financial USA by 72.7% in the 4th quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock valued at $61,727,000 after purchasing an additional 424,011 shares during the last quarter. Finally, Norges Bank bought a new stake in Heartland Financial USA in the 4th quarter valued at about $53,132,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Company 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.