Martingale Asset Management L P reduced its position in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 112,933 shares of the bank’s stock after selling 9,900 shares during the quarter. Martingale Asset Management L P’s holdings in Heartland Financial USA were worth $6,059,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of HTLF. Ameritas Investment Partners Inc. boosted its position in shares of Heartland Financial USA by 9.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after buying an additional 195 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Heartland Financial USA during the fourth quarter worth about $216,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Heartland Financial USA by 41.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock worth $220,000 after buying an additional 1,288 shares during the period. Teton Advisors Inc. acquired a new position in shares of Heartland Financial USA during the third quarter worth about $222,000. Finally, Creative Planning acquired a new position in shares of Heartland Financial USA during the fourth quarter worth about $260,000. 51.03% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $63.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, January 30th. UBS Group cut Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 9th. Finally, B. Riley reaffirmed a “hold” rating and set a $50.00 price objective on shares of Heartland Financial USA in a research report on Wednesday, December 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.00.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Heartland Financial USA had a return on equity of 10.02% and a net margin of 16.16%. The business had revenue of $118.38 million for the quarter, compared to analyst estimates of $116.31 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. analysts expect that Heartland Financial USA Inc will post 3.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s dividend payout ratio is presently 19.55%.
TRADEMARK VIOLATION WARNING: This report was first published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3223730/martingale-asset-management-l-p-sells-9900-shares-of-heartland-financial-usa-inc-htlf.html.
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).
Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.