Legal & General Group Plc cut its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,583 shares of the bank’s stock after selling 121 shares during the period. Legal & General Group Plc’s holdings in Heartland Financial USA were worth $279,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Heartland Financial USA by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock worth $487,000 after buying an additional 902 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new position in Heartland Financial USA during the first quarter worth approximately $1,711,000. Teachers Advisors LLC increased its position in Heartland Financial USA by 2.1% in the first quarter. Teachers Advisors LLC now owns 52,350 shares of the bank’s stock worth $2,615,000 after buying an additional 1,076 shares in the last quarter. Principal Financial Group Inc. increased its position in Heartland Financial USA by 25.5% in the first quarter. Principal Financial Group Inc. now owns 274,787 shares of the bank’s stock worth $13,726,000 after buying an additional 55,887 shares in the last quarter. Finally, Irving Magee Investment Management acquired a new position in Heartland Financial USA during the first quarter worth approximately $2,737,000. 40.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 44.80 on Thursday. Heartland Financial USA, Inc. has a 1-year low of $35.02 and a 1-year high of $52.65. The firm has a 50-day moving average price of $46.62 and a 200-day moving average price of $47.71. The company has a market capitalization of $1.34 billion, a PE ratio of 14.69 and a beta of 0.65.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The firm had revenue of $100.20 million for the quarter, compared to analysts’ expectations of $103.48 million. During the same period in the prior year, the business posted $0.84 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, August 9th. Heartland Financial USA’s dividend payout ratio (DPR) is 14.47%.
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A number of research firms have commented on HTLF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. DA Davidson cut Heartland Financial USA from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Finally, FBR & Co reiterated a “mkt perform” rating and issued a $52.00 target price (up from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $52.67.
In other Heartland Financial USA news, CEO Lynn B. Fuller bought 1,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were bought at an average price of $44.60 per share, for a total transaction of $44,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Michael Mccoy bought 2,030 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average price of $44.67 per share, for a total transaction of $90,680.10. The disclosure for this purchase can be found here. Corporate insiders own 9.00% of the company’s stock.
About Heartland Financial USA
Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.
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