Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Bought by USA Financial Formulas

USA Financial Formulas grew its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 90.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,018 shares of the bank’s stock after acquiring an additional 958 shares during the period. USA Financial Formulas’ holdings in Heartland Financial USA were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HTLF. SG Americas Securities LLC acquired a new stake in Heartland Financial USA in the third quarter valued at $125,000. Blue Trust Inc. grew its position in shares of Heartland Financial USA by 2,193.4% in the third quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after purchasing an additional 2,654 shares during the period. HighTower Advisors LLC acquired a new position in shares of Heartland Financial USA during the 3rd quarter valued at about $225,000. High Note Wealth LLC acquired a new position in Heartland Financial USA during the third quarter worth approximately $238,000. Finally, XTX Topco Ltd acquired a new stake in shares of Heartland Financial USA during the 2nd quarter worth $225,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at Heartland Financial USA

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now directly owns 60,541 shares in the company, valued at $4,136,161.12. This represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark A. Frank sold 432 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the sale, the executive vice president now owns 1,060 shares of the company’s stock, valued at approximately $71,274.40. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,743 shares of company stock valued at $1,958,839 in the last quarter. Company insiders own 1.80% of the company’s stock.

Heartland Financial USA Stock Performance

HTLF opened at $64.59 on Friday. The business has a 50 day moving average price of $64.81 and a two-hundred day moving average price of $57.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.08 and a beta of 0.98. Heartland Financial USA, Inc. has a 1-year low of $32.03 and a 1-year high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The business had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. During the same period in the previous year, the firm posted $1.12 EPS. Research analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. Heartland Financial USA’s payout ratio is 67.04%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Friday, January 3rd. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Company Profile

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