Swiss National Bank boosted its stake in Heartland Financial USA Inc (NASDAQ:HTLF) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,800 shares of the bank’s stock after purchasing an additional 1,900 shares during the period. Swiss National Bank owned about 0.14% of Heartland Financial USA worth $2,833,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC bought a new stake in Heartland Financial USA during the third quarter valued at $203,000. Commonwealth Equity Services LLC bought a new stake in Heartland Financial USA during the second quarter valued at $207,000. Amalgamated Bank bought a new stake in Heartland Financial USA during the second quarter valued at $219,000. Integrated Investment Consultants LLC boosted its position in Heartland Financial USA by 48.1% during the third quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock valued at $219,000 after acquiring an additional 1,223 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in Heartland Financial USA by 32.1% during the second quarter. BlueMountain Capital Management LLC now owns 4,246 shares of the bank’s stock valued at $233,000 after acquiring an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.
A number of brokerages have commented on HTLF. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. ValuEngine cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $59.50.
HTLF stock opened at $50.99 on Wednesday. The stock has a market cap of $1.89 billion, a PE ratio of 17.00, a P/E/G ratio of 1.52 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22. Heartland Financial USA Inc has a 1 year low of $50.00 and a 1 year high of $61.95.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.02. The company had revenue of $140.44 million for the quarter, compared to analysts’ expectations of $138.73 million. Heartland Financial USA had a net margin of 17.94% and a return on equity of 9.52%. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, sell-side analysts expect that Heartland Financial USA Inc will post 3.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.10%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 18.67%.
In related news, Director R Michael Mccoy acquired 3,544 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were bought at an average price of $54.01 per share, with a total value of $191,411.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kurt Saylor sold 5,000 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $60.55, for a total transaction of $302,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,486 shares of company stock worth $2,134,218 in the last three months. Insiders own 6.60% of the company’s stock.
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Heartland Financial USA Company Profile
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.
Further Reading: Coverage Ratio
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