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

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

Heartland Financial USA Trading Down 2.2 %

Shares of Heartland Financial USA stock opened at $64.67 on Tuesday. The company’s fifty day simple moving average is $64.24 and its 200-day simple moving average is $60.19. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA has a 1 year low of $32.03 and a 1 year high of $70.27.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were issued 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 dividend yield of 1.86%. Heartland Financial USA’s dividend payout ratio is 67.04%.

Insiders Place Their Bets

In related news, EVP Mark A. Frank sold 432 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the sale, the executive vice president now owns 1,060 shares in the company, valued at approximately $71,274.40. This represents a 28.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer K. Hopkins sold 5,811 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the sale, the director now owns 6,963 shares in the company, valued at approximately $470,420.28. This trade represents a 45.49 % decrease in their position. The disclosure for this sale can be found here. 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 HTLF. Integrated Investment Consultants LLC raised its stake 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 purchasing an additional 170 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Heartland Financial USA by 5.5% during the fourth quarter. Ameritas Investment Partners Inc. now owns 4,436 shares of the bank’s stock worth $272,000 after buying an additional 233 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 worth $1,756,000 after acquiring an additional 245 shares in the last quarter. Steele Capital Management Inc. boosted its position in shares of Heartland Financial USA by 2.4% in the fourth quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after buying an additional 250 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in shares of Heartland Financial USA by 0.7% in the 4th quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock valued at $2,534,000 after purchasing an additional 300 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Company Profile

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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.

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