Phocas Financial Corp. Sells 70,302 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Phocas Financial Corp. cut its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 85.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,391 shares of the bank’s stock after selling 70,302 shares during the quarter. Phocas Financial Corp.’s holdings in Heartland Financial USA were worth $760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Investment Consultants LLC boosted its position in Heartland Financial USA by 2.0% during the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after buying an additional 170 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Heartland Financial USA by 0.8% during the third 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 last quarter. Steele Capital Management Inc. increased 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 purchasing an additional 250 shares during the period. Wolverine Asset Management LLC increased its stake in shares of Heartland Financial USA by 0.7% during the fourth quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock valued at $2,534,000 after buying an additional 300 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Heartland Financial USA by 4.6% during the 4th quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock valued at $419,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at Heartland Financial USA

In other news, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the sale, the director now owns 6,963 shares in the company, valued at $470,420.28. This trade represents a 45.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Heartland Financial USA in a report on Wednesday, February 19th. They issued a “hold” rating for the company.

Heartland Financial USA Stock Performance

HTLF stock opened at $64.67 on Wednesday. The company has a market cap 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 stock’s fifty day moving average price is $63.84 and its 200-day moving average price is $61.12. Heartland Financial USA, Inc. has a 1 year low of $32.03 and a 1 year high of $70.27.

Heartland Financial USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Tuesday, January 14th. Heartland Financial USA’s payout ratio is 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.