Heartland Financial USA (NASDAQ:HTLF) Now Covered by StockNews.com

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

Heartland Financial USA Price Performance

Shares of NASDAQ HTLF opened at $64.67 on Thursday. Heartland Financial USA has a twelve month low of $32.33 and a twelve month high of $70.27. The stock’s 50 day moving average price is $63.90 and its 200-day moving average price is $61.15. The company has a market capitalization of $2.77 billion, a PE 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 Dividend Announcement

The firm also recently announced 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 payout ratio is presently 67.04%.

Insider Transactions at Heartland Financial USA

In related news, Director Jennifer K. Hopkins sold 5,811 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $67.56, for a total value of $392,591.16. Following the transaction, the director now owns 6,963 shares in the company, valued at approximately $470,420.28. This represents a 45.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Heartland Financial USA

Several institutional investors have recently bought and sold shares of the company. Integrated Investment Consultants LLC raised its holdings in Heartland Financial USA by 2.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after acquiring an additional 170 shares during the period. Summit Investment Advisors Inc. raised its holdings in Heartland Financial USA by 5.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,436 shares of the bank’s stock valued at $272,000 after acquiring an additional 233 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Heartland Financial USA by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after acquiring an additional 245 shares during the period. Steele Capital Management Inc. raised its holdings in Heartland Financial USA by 2.4% during the 4th quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock valued at $643,000 after acquiring an additional 250 shares during the period. Finally, Wolverine Asset Management LLC raised its holdings in Heartland Financial USA by 0.7% during the 4th quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock valued at $2,534,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.