Short Interest in Heartland Financial USA, Inc. (NASDAQ:HTLFP) Declines By 75.8%

Heartland Financial USA, Inc. (NASDAQ:HTLFP) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 2,400 shares, a drop of 75.8% from the July 31st total of 9,900 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Heartland Financial USA

An institutional investor recently bought a new position in Heartland Financial USA stock. Thompson Investment Management Inc. bought a new stake in Heartland Financial USA, Inc. (NASDAQ:HTLFP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $50,000.

Heartland Financial USA Stock Down 0.8 %

HTLFP stock traded down $0.21 during midday trading on Tuesday, hitting $25.25. 4,028 shares of the stock traded hands, compared to its average volume of 4,618. Heartland Financial USA has a 1-year low of $22.74 and a 1-year high of $26.20. The stock’s fifty day simple moving average is $25.26 and its 200-day simple moving average is $25.11.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.4375 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.75 annualized dividend and a dividend yield of 6.93%.

Heartland Financial USA Company 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.