Heartland Financial USA, Inc. (HTLF) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.5% during the first quarter, Holdings Channel reports. The fund owned 975,526 shares of the bank’s stock after buying an additional 50,696 shares during the period. Vanguard Group Inc.’s holdings in Heartland Financial USA were worth $48,728,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HTLF. Virginia Retirement Systems ET AL purchased a new position in shares of Heartland Financial USA during the first quarter valued at approximately $549,000. Affinity Investment Advisors LLC purchased a new position in shares of Heartland Financial USA during the first quarter valued at approximately $231,000. Bank of New York Mellon Corp boosted its position in shares of Heartland Financial USA by 48.0% in the first quarter. Bank of New York Mellon Corp now owns 279,622 shares of the bank’s stock valued at $13,967,000 after buying an additional 90,679 shares during the last quarter. AT Bancorp boosted its position in shares of Heartland Financial USA by 22.6% in the first quarter. AT Bancorp now owns 138,657 shares of the bank’s stock valued at $6,926,000 after buying an additional 25,548 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Heartland Financial USA by 81.3% in the first quarter. US Bancorp DE now owns 29,429 shares of the bank’s stock valued at $1,470,000 after buying an additional 13,200 shares during the last quarter. Institutional investors own 40.51% of the company’s stock.

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) traded down 0.11% on Friday, hitting $44.30. 6,512 shares of the company’s stock traded hands. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 14.53 and a beta of 0.65. Heartland Financial USA, Inc. has a 1-year low of $35.02 and a 1-year high of $52.65. The firm’s 50-day moving average price is $46.59 and its 200 day moving average price is $47.69.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The company had revenue of $100.20 million during the quarter, compared to analyst estimates of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. On average, equities research analysts expect that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a $0.11 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.99%. Heartland Financial USA’s dividend payout ratio is presently 14.47%.

WARNING: “Heartland Financial USA, Inc. (HTLF) Stake Increased by Vanguard Group Inc.” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/2801384/heartland-financial-usa-inc-htlf-stake-increased-by-vanguard-group-inc.html.

Several research analysts have commented on the stock. 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 report on Tuesday, April 25th. DA Davidson cut shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Zacks Investment Research cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Heartland Financial USA has an average rating of “Hold” and an average target price of $52.67.

In other Heartland Financial USA news, CEO Lynn B. Fuller acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $44,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director R Michael Mccoy acquired 2,030 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average price of $44.67 per share, with a total value of $90,680.10. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding HTLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Financial USA, Inc. (NASDAQ:HTLF).

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

Receive News & Ratings for Heartland Financial USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.