Kurt Saylor Sells 5,226 Shares of Heartland Financial USA Inc (HTLF) Stock

Heartland Financial USA Inc (NASDAQ:HTLF) Director Kurt Saylor sold 5,226 shares of Heartland Financial USA stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $54.35, for a total value of $284,033.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kurt Saylor also recently made the following trade(s):

  • On Monday, November 26th, Kurt Saylor sold 5,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $54.26, for a total value of $271,300.00.
  • On Monday, November 19th, Kurt Saylor sold 5,260 shares of Heartland Financial USA stock. The shares were sold at an average price of $54.44, for a total value of $286,354.40.
  • On Monday, November 12th, Kurt Saylor sold 7,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $54.69, for a total value of $382,830.00.
  • On Monday, September 24th, Kurt Saylor sold 5,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $60.72, for a total value of $303,600.00.
  • On Monday, September 17th, Kurt Saylor sold 5,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $60.55, for a total value of $302,750.00.
  • On Tuesday, September 11th, Kurt Saylor sold 5,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $60.67, for a total value of $303,350.00.

Shares of NASDAQ HTLF opened at $50.99 on Thursday. The company has a market capitalization of $1.76 billion, a P/E ratio of 17.00, a PEG ratio of 1.42 and a beta of 0.83. Heartland Financial USA Inc has a 52 week low of $50.00 and a 52 week high of $61.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.03.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, October 29th. The bank reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.02. The business had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $138.73 million. Heartland Financial USA had a return on equity of 9.52% and a net margin of 17.94%. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, equities analysts forecast that Heartland Financial USA Inc will post 3.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. Heartland Financial USA’s payout ratio is 18.67%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC bought a new stake in shares of Heartland Financial USA in the 3rd quarter valued at approximately $203,000. Integrated Investment Consultants LLC lifted its holdings in Heartland Financial USA by 48.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,767 shares of the bank’s stock worth $219,000 after purchasing an additional 1,223 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Heartland Financial USA in the 2nd quarter worth approximately $207,000. Amalgamated Bank acquired a new stake in Heartland Financial USA in the 2nd quarter worth approximately $219,000. Finally, BlueMountain Capital Management LLC lifted its holdings in Heartland Financial USA by 32.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 4,246 shares of the bank’s stock worth $233,000 after purchasing an additional 1,032 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on HTLF. BidaskClub cut Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. ValuEngine cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $59.50.

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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.

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