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

Equities researchers at StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note issued to investors on Monday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

HTLF opened at $64.67 on Monday. The company has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. 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 firm’s fifty day moving average price is $64.94 and its two-hundred day moving average price is $63.02. Heartland Financial USA has a fifty-two week low of $32.97 and a fifty-two week high of $70.27.

Institutional Investors Weigh In On Heartland Financial USA

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Heartland Financial USA by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,888 shares of the bank’s stock worth $193,410,000 after buying an additional 46,937 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Heartland Financial USA by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after acquiring an additional 145,255 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Heartland Financial USA by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock valued at $58,036,000 after acquiring an additional 47,480 shares during the period. Westchester Capital Management LLC lifted its holdings in shares of Heartland Financial USA by 72.7% during the fourth quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock valued at $61,727,000 after acquiring an additional 424,011 shares during the period. Finally, Norges Bank acquired a new stake in shares of Heartland Financial USA in the 4th quarter valued at $53,132,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.