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

Investment analysts at StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $64.67 on Friday. The company’s 50-day moving average price is $64.50 and its 200-day moving average price is $62.04. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. Heartland Financial USA has a twelve month low of $32.33 and a twelve month high of $70.27.

Hedge Funds Weigh In On Heartland Financial USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in Heartland Financial USA by 8.0% during the third quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank’s stock worth $1,626,000 after purchasing an additional 2,136 shares during the period. Empowered Funds LLC raised its stake in Heartland Financial USA by 5.3% during the third quarter. Empowered Funds LLC now owns 107,076 shares of the bank’s stock worth $6,071,000 after purchasing an additional 5,360 shares during the period. Stieven Capital Advisors L.P. raised 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. LMR Partners LLP raised its stake in Heartland Financial USA by 105.4% during the third quarter. LMR Partners LLP now owns 88,856 shares of the bank’s stock worth $5,038,000 after purchasing an additional 45,601 shares during the period. Finally, Moors & Cabot Inc. raised its stake in Heartland Financial USA by 58.2% during the third quarter. Moors & Cabot Inc. now owns 15,504 shares of the bank’s stock worth $879,000 after purchasing an additional 5,706 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.