Heartland Financial USA, Inc. (NASDAQ:HTLF) Position Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 66.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417 shares of the bank’s stock after selling 822 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Heartland Financial USA were worth $26,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after buying an additional 406 shares during the period. USA Financial Formulas boosted its stake in Heartland Financial USA by 90.4% in the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock worth $124,000 after purchasing an additional 958 shares during the period. Steward Partners Investment Advisory LLC grew its position in Heartland Financial USA by 204.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after purchasing an additional 2,174 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Heartland Financial USA during the 3rd quarter valued at $225,000. Finally, Tanager Wealth Management LLP purchased a new stake in shares of Heartland Financial USA in the fourth quarter valued at $256,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Price Performance

NASDAQ:HTLF opened at $64.67 on Friday. 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, Inc. has a one year low of $32.97 and a one year high of $70.27. The company has a fifty day moving average price of $65.02 and a 200 day moving average price of $62.71. The stock has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were issued a $0.30 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Heartland Financial USA’s payout ratio is presently 67.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Heartland Financial USA in a research note on Sunday, March 23rd. They set a “hold” rating on the stock.

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.