Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Slotnik Capital LLC

Slotnik Capital LLC lessened its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 61.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,430 shares of the bank’s stock after selling 218,104 shares during the period. Heartland Financial USA comprises approximately 3.8% of Slotnik Capital LLC’s holdings, making the stock its 10th biggest holding. Slotnik Capital LLC owned about 0.32% of Heartland Financial USA worth $8,303,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Heartland Financial USA during the fourth quarter worth about $53,132,000. Charles Schwab Investment Management Inc. raised its position in Heartland Financial USA by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after purchasing an additional 145,255 shares during the last quarter. ABC Arbitrage SA acquired a new position in Heartland Financial USA in the fourth quarter worth $4,506,000. Geode Capital Management LLC grew 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 worth $58,036,000 after purchasing an additional 47,480 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Heartland Financial USA by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,888 shares of the bank’s stock valued at $193,410,000 after buying an additional 46,937 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research note on Monday. They set a “hold” rating on the stock.

Heartland Financial USA Trading Down 2.2 %

Shares of NASDAQ:HTLF opened at $64.67 on Thursday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company’s fifty day simple moving average is $64.90 and its 200 day simple moving average is $63.03. Heartland Financial USA, Inc. has a 12 month low of $32.97 and a 12 month high of $70.27. 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 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.