Nationwide Fund Advisors reduced its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,471 shares of the bank’s stock after selling 8,066 shares during the period. Nationwide Fund Advisors owned 0.15% of Heartland Financial USA worth $2,246,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Royce & Associates LP acquired a new position in Heartland Financial USA in the 2nd quarter valued at $1,130,000. Kennedy Capital Management Inc. raised its holdings in Heartland Financial USA by 66.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 156,477 shares of the bank’s stock valued at $7,370,000 after acquiring an additional 62,361 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Heartland Financial USA by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after acquiring an additional 11,397 shares during the last quarter. Northern Trust Corp raised its holdings in Heartland Financial USA by 1.9% in the 2nd quarter. Northern Trust Corp now owns 942,750 shares of the bank’s stock valued at $44,403,000 after acquiring an additional 17,570 shares during the last quarter. Finally, State Street Corp raised its holdings in Heartland Financial USA by 48.1% in the 2nd quarter. State Street Corp now owns 626,086 shares of the bank’s stock valued at $29,489,000 after acquiring an additional 203,277 shares during the last quarter. Hedge funds and other institutional investors own 47.88% of the company’s stock.
Shares of Heartland Financial USA, Inc. (HTLF) traded up $0.45 during midday trading on Friday, hitting $55.00. 195,662 shares of the stock traded hands, compared to its average volume of 206,414. Heartland Financial USA, Inc. has a one year low of $42.10 and a one year high of $56.40. The stock has a market cap of $1,633.72, a PE ratio of 18.64, a PEG ratio of 1.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. Heartland Financial USA had a net margin of 18.14% and a return on equity of 9.77%. The company had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. During the same period in the previous year, the company earned $0.81 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. sell-side analysts forecast that Heartland Financial USA, Inc. will post 3.02 earnings per share for the current fiscal year.
The firm also recently declared a None dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 22nd were given a dividend of $0.07 per share. This represents a yield of 0.86%. This is a boost from Heartland Financial USA’s previous None dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 21st. Heartland Financial USA’s dividend payout ratio is 14.92%.
Several brokerages have weighed in on HTLF. Raymond James Financial reiterated an “outperform” rating and issued a $58.00 price target on shares of Heartland Financial USA in a report on Tuesday. They noted that the move was a valuation call. UBS Group cut shares of Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.50.
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About Heartland Financial USA
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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