JPMorgan Chase & Co. decreased its stake in Heartland Financial USA Inc. (NASDAQ:HTLF) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,133 shares of the company’s stock after selling 9,168 shares during the period. JPMorgan Chase & Co. owned about 0.73% of Heartland Financial USA worth $6,357,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of Heartland Financial USA during the first quarter valued at $113,000. State Board of Administration of Florida Retirement System purchased a new stake in Heartland Financial USA during the second quarter valued at $215,000. PNC Financial Services Group Inc. increased its stake in Heartland Financial USA by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 6,565 shares of the company’s stock valued at $231,000 after buying an additional 225 shares during the last quarter. Strs Ohio increased its stake in Heartland Financial USA by 9.1% in the second quarter. Strs Ohio now owns 7,200 shares of the company’s stock valued at $254,000 after buying an additional 600 shares during the last quarter. Finally, Creative Planning increased its stake in Heartland Financial USA by 422.7% in the second quarter. Creative Planning now owns 7,840 shares of the company’s stock valued at $277,000 after buying an additional 6,340 shares during the last quarter. Hedge funds and other institutional investors own 41.20% of the company’s stock.
Shares of Heartland Financial USA Inc. (NASDAQ:HTLF) traded up 0.16% during trading on Tuesday, hitting $37.34. The stock had a trading volume of 2,042 shares. The stock’s 50-day moving average is $36.18 and its 200-day moving average is $34.72. The stock has a market cap of $916.51 million, a price-to-earnings ratio of 12.27 and a beta of 0.67. Heartland Financial USA Inc. has a 12-month low of $25.95 and a 12-month high of $39.45.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $104.14 million for the quarter, compared to analysts’ expectations of $103 million. Heartland Financial USA had a return on equity of 11.50% and a net margin of 17.14%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. On average, equities research analysts expect that Heartland Financial USA Inc. will post $3.13 EPS for the current year.
HTLF has been the topic of several research analyst reports. Zacks Investment Research downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Sandler O’Neill downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods boosted their price target on Heartland Financial USA from $35.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Finally, DA Davidson boosted their price target on Heartland Financial USA from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.50.
In other Heartland Financial USA news, Director Kurt Saylor sold 16,500 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $36.78, for a total value of $606,870.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.63% of the stock is owned by company insiders.
About Heartland Financial USA
Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.
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