Kennedy Capital Management Inc. decreased its position in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 35.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,303 shares of the bank’s stock after selling 54,125 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Heartland Financial USA were worth $5,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can grew its holdings in shares of Heartland Financial USA by 10.8% during the 4th quarter. Bank of Montreal Can now owns 47,716 shares of the bank’s stock worth $2,560,000 after purchasing an additional 4,661 shares in the last quarter. Cigna Investments Inc. New acquired a new stake in shares of Heartland Financial USA during the 4th quarter worth $533,000. Swiss National Bank grew its holdings in shares of Heartland Financial USA by 14.2% during the 4th quarter. Swiss National Bank now owns 43,300 shares of the bank’s stock worth $2,323,000 after purchasing an additional 5,400 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Heartland Financial USA by 9.9% during the 3rd quarter. Wells Fargo & Company MN now owns 246,461 shares of the bank’s stock worth $12,175,000 after purchasing an additional 22,106 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of Heartland Financial USA during the 4th quarter worth $260,000. Hedge funds and other institutional investors own 54.37% of the company’s stock.
HTLF has been the topic of several analyst reports. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. B. Riley set a $50.00 target price on Heartland Financial USA and gave the stock a “hold” rating in a report on Tuesday, November 14th. Raymond James Financial reissued an “outperform” rating and set a $58.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $57.00 target price on shares of Heartland Financial USA in a report on Thursday, December 14th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Heartland Financial USA has a consensus rating of “Buy” and a consensus price target of $57.00.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, January 29th. The bank reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $118.38 million for the quarter, compared to analyst estimates of $116.31 million. Heartland Financial USA had a return on equity of 9.64% and a net margin of 16.16%. During the same period last year, the firm posted $0.74 earnings per share. equities analysts predict that Heartland Financial USA Inc will post 3.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.93%. Heartland Financial USA’s dividend payout ratio (DPR) is 19.55%.
In related news, Director Kurt Saylor sold 22,500 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $53.21, for a total value of $1,197,225.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 9.00% of the company’s stock.
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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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