Heartland Financial USA, Inc. (HTLF) Shares Bought by IndexIQ Advisors LLC

IndexIQ Advisors LLC grew its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 83.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,353 shares of the bank’s stock after purchasing an additional 7,875 shares during the period. IndexIQ Advisors LLC owned approximately 0.06% of Heartland Financial USA worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTLF. Teachers Advisors LLC lifted its stake in shares of Heartland Financial USA by 2.1% in the 1st quarter. Teachers Advisors LLC now owns 52,350 shares of the bank’s stock valued at $2,615,000 after purchasing an additional 1,076 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Heartland Financial USA by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 975,526 shares of the bank’s stock valued at $48,728,000 after purchasing an additional 50,696 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Heartland Financial USA by 10.8% in the 1st quarter. Geode Capital Management LLC now owns 192,703 shares of the bank’s stock valued at $9,625,000 after purchasing an additional 18,783 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Heartland Financial USA by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 965,801 shares of the bank’s stock valued at $48,242,000 after purchasing an additional 86,783 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Heartland Financial USA by 10.3% during the 1st quarter. Renaissance Technologies LLC now owns 167,700 shares of the bank’s stock worth $8,377,000 after acquiring an additional 15,700 shares in the last quarter. 46.36% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on HTLF. BidaskClub lowered Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a research report on Tuesday, October 3rd. FBR & Co set a $50.00 price target on Heartland Financial USA and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Heartland Financial USA currently has a consensus rating of “Hold” and an average price target of $50.50.

Heartland Financial USA, Inc. (NASDAQ HTLF) opened at $47.30 on Friday. The company has a market capitalization of $1,416.59, a P/E ratio of 16.03, a P/E/G ratio of 1.58 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.31. Heartland Financial USA, Inc. has a 52-week low of $39.10 and a 52-week high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. Heartland Financial USA’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. analysts predict that Heartland Financial USA, Inc. will post 3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.92%.

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Heartland Financial USA Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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