Heartland Financial USA, Inc. (NASDAQ:HTLF) Stake Cut by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P lessened its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 297,825 shares of the bank’s stock after selling 5,000 shares during the quarter. Heartland Financial USA comprises 4.4% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 2nd largest holding. Gardner Lewis Asset Management L P owned approximately 0.69% of Heartland Financial USA worth $18,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Heartland Financial USA in the third quarter worth $426,000. Principal Financial Group Inc. grew its position in Heartland Financial USA by 13.1% during the 4th quarter. Principal Financial Group Inc. now owns 32,428 shares of the bank’s stock worth $1,988,000 after acquiring an additional 3,749 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Heartland Financial USA by 30.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,035 shares of the bank’s stock worth $1,916,000 after buying an additional 7,291 shares during the period. BNP Paribas Financial Markets increased its position in shares of Heartland Financial USA by 18.8% in the third quarter. BNP Paribas Financial Markets now owns 15,890 shares of the bank’s stock valued at $901,000 after acquiring an additional 2,515 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Heartland Financial USA by 77.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after purchasing an additional 406 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research report on Sunday, March 23rd. They set a “hold” rating for the company.

Heartland Financial USA Price Performance

NASDAQ HTLF opened at $64.67 on Friday. The business’s fifty day moving average is $65.02 and its 200 day moving average is $62.71. Heartland Financial USA, Inc. has a fifty-two week low of $32.97 and a fifty-two week high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Dividend Announcement

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

Heartland Financial USA 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.