QS Investors LLC lowered its stake in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,154 shares of the bank’s stock after selling 3,171 shares during the period. QS Investors LLC’s holdings in Heartland Financial USA were worth $2,101,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HTLF. Mosaic Family Wealth LLC bought a new stake in Heartland Financial USA in the fourth quarter valued at about $182,000. Eqis Capital Management Inc. bought a new stake in Heartland Financial USA in the fourth quarter valued at about $216,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Heartland Financial USA by 41.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,288 shares during the period. Creative Planning bought a new stake in Heartland Financial USA in the fourth quarter valued at about $260,000. Finally, ETRADE Capital Management LLC increased its stake in Heartland Financial USA by 25.1% in the third quarter. ETRADE Capital Management LLC now owns 5,741 shares of the bank’s stock valued at $284,000 after acquiring an additional 1,153 shares during the period. 52.48% of the stock is owned by institutional investors and hedge funds.
In other Heartland Financial USA news, Director Kurt Saylor sold 22,500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $53.21, for a total transaction of $1,197,225.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 90,000 shares of company stock worth $4,883,400 over the last ninety days. Insiders own 9.00% of the company’s stock.
Shares of HTLF stock opened at $54.65 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $1,711.09, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. Heartland Financial USA Inc has a 52 week low of $42.10 and a 52 week high of $56.40.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The firm had revenue of $118.38 million for the quarter, compared to analysts’ expectations of $116.31 million. Heartland Financial USA had a net margin of 16.16% and a return on equity of 9.64%. During the same period in the prior year, the firm earned $0.74 earnings per share. sell-side analysts predict that Heartland Financial USA Inc will post 3.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.95%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 15th. Heartland Financial USA’s dividend payout ratio is currently 19.55%.
A number of research firms recently weighed in on HTLF. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price objective on shares of Heartland Financial USA in a research note on Thursday, December 14th. UBS cut shares of Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of Heartland Financial USA from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $57.00.
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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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