Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 77.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 928 shares of the bank’s stock after purchasing an additional 406 shares during the period. Smartleaf Asset Management LLC’s holdings in Heartland Financial USA were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Heartland Financial USA by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock worth $82,579,000 after purchasing an additional 53,755 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $58,036,000 after purchasing an additional 47,480 shares in the last quarter. Westchester Capital Management LLC boosted its stake in Heartland Financial USA by 260.1% in the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock worth $33,049,000 after purchasing an additional 421,000 shares in the last quarter. Slotnik Capital LLC raised its position in Heartland Financial USA by 14.6% during the 3rd quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock worth $20,045,000 after buying an additional 45,000 shares during the last quarter. Finally, Stieven Capital Advisors L.P. raised its position in Heartland Financial USA by 6.1% during the 4th quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock worth $21,050,000 after buying an additional 19,787 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Heartland Financial USA Stock Performance

HTLF opened at $64.67 on Tuesday. Heartland Financial USA, Inc. has a 12-month low of $32.33 and a 12-month high of $70.27. 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 firm has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The firm has a 50 day moving average of $64.23 and a two-hundred day moving average of $61.86.

Heartland Financial USA Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Friday. They set a “hold” rating for the company.

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.