Heartland Financial USA (NASDAQ:HTLF) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the bank’s stock.

Heartland Financial USA Trading Down 2.2 %

HTLF opened at $64.67 on Wednesday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA has a twelve month low of $32.03 and a twelve month high of $70.27. The company has a 50-day simple moving average of $63.89 and a 200 day simple moving average of $60.75.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. Heartland Financial USA’s dividend payout ratio (DPR) is 67.04%.

Insider Buying and Selling at Heartland Financial USA

In other news, Director Jennifer K. Hopkins sold 5,811 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.56, for a total transaction of $392,591.16. Following the completion of the transaction, the director now owns 6,963 shares of the company’s stock, valued at approximately $470,420.28. The trade was a 45.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Heartland Financial USA

Several large investors have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Heartland Financial USA by 50.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 39,025 shares of the bank’s stock worth $2,392,000 after acquiring an additional 13,020 shares during the last quarter. Continuum Advisory LLC bought a new position in Heartland Financial USA in the 4th quarter valued at approximately $269,000. Squarepoint Ops LLC boosted its position in Heartland Financial USA by 99.4% in the fourth quarter. Squarepoint Ops LLC now owns 314,348 shares of the bank’s stock valued at $19,271,000 after buying an additional 156,699 shares in the last quarter. Sagefield Capital LP grew its stake in shares of Heartland Financial USA by 14.4% during the fourth quarter. Sagefield Capital LP now owns 47,742 shares of the bank’s stock worth $2,927,000 after buying an additional 6,020 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Heartland Financial USA by 32.8% during the fourth quarter. ProShare Advisors LLC now owns 18,243 shares of the bank’s stock worth $1,118,000 after buying an additional 4,503 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

About Heartland Financial USA

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.