Teacher Retirement System of Texas Reduces Stake in Heartland Financial USA Inc (HTLF)

Teacher Retirement System of Texas decreased its holdings in Heartland Financial USA Inc (NASDAQ:HTLF) by 36.2% during the first quarter, HoldingsChannel.com reports. The firm owned 5,629 shares of the bank’s stock after selling 3,191 shares during the period. Teacher Retirement System of Texas’ holdings in Heartland Financial USA were worth $299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HTLF. Schwab Charles Investment Management Inc. increased its holdings in shares of Heartland Financial USA by 3.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 124,143 shares of the bank’s stock valued at $6,661,000 after purchasing an additional 4,388 shares during the period. American Century Companies Inc. increased its holdings in shares of Heartland Financial USA by 65.2% in the 4th quarter. American Century Companies Inc. now owns 33,140 shares of the bank’s stock valued at $1,778,000 after purchasing an additional 13,084 shares during the period. Swiss National Bank increased its holdings in shares of Heartland Financial USA by 14.2% in the 4th quarter. Swiss National Bank now owns 43,300 shares of the bank’s stock valued at $2,323,000 after purchasing an additional 5,400 shares during the period. First Trust Advisors LP increased its holdings in shares of Heartland Financial USA by 3.9% in the 4th quarter. First Trust Advisors LP now owns 71,811 shares of the bank’s stock valued at $3,853,000 after purchasing an additional 2,705 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Heartland Financial USA by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 254,152 shares of the bank’s stock valued at $13,634,000 after purchasing an additional 7,691 shares during the period. Institutional investors own 55.72% of the company’s stock.

In related news, EVP Kelly J. Johnson sold 2,026 shares of the stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $53.05, for a total value of $107,479.30. Following the transaction, the executive vice president now owns 6,038 shares in the company, valued at $320,315.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John K. Schmidt sold 20,000 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $56.20, for a total value of $1,124,000.00. The disclosure for this sale can be found here. Insiders sold 32,026 shares of company stock worth $1,754,979 in the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Heartland Financial USA opened at $56.80 on Thursday, Marketbeat.com reports. Heartland Financial USA Inc has a 52 week low of $42.10 and a 52 week high of $58.05. The company has a market capitalization of $1.76 billion, a P/E ratio of 18.37, a PEG ratio of 1.56 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.80.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, April 30th. The bank reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.09). Heartland Financial USA had a return on equity of 9.50% and a net margin of 16.60%. The firm had revenue of $116.30 million during the quarter, compared to analyst estimates of $116.17 million. During the same quarter in the prior year, the company posted $0.68 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. sell-side analysts anticipate that Heartland Financial USA Inc will post 3.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Thursday, May 17th were issued a $0.13 dividend. The ex-dividend date was Wednesday, May 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. Heartland Financial USA’s dividend payout ratio is currently 17.33%.

A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Stephens initiated coverage on Heartland Financial USA in a report on Thursday, June 14th. They issued an “equal weight” rating on the stock. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Heartland Financial USA in a report on Friday, April 6th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.50.

About Heartland Financial USA

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

Want to see what other hedge funds are holding HTLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Financial USA Inc (NASDAQ:HTLF).

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

Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply