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

StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research note published on Sunday. The firm issued a hold rating on the bank’s stock.

Heartland Financial USA Trading Down 2.2 %

Heartland Financial USA stock opened at $64.67 on Friday. The stock has a 50-day simple moving average of $65.03 and a 200 day simple moving average of $62.68. The stock 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 quick ratio of 0.76 and a current ratio of 0.76. Heartland Financial USA has a 52 week low of $32.97 and a 52 week high of $70.27.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.30 per share. 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%.

Institutional Trading of Heartland Financial USA

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