Earnest Partners LLC lifted its holdings in Heartland Financial USA Inc (NASDAQ:HTLF) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,542,406 shares of the bank’s stock after buying an additional 49,281 shares during the quarter. Earnest Partners LLC owned approximately 4.20% of Heartland Financial USA worth $68,992,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Gradient Investments LLC acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Heartland Financial USA by 28.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,171 shares of the bank’s stock worth $93,000 after acquiring an additional 475 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Heartland Financial USA during the 1st quarter worth about $124,000. Bank of Montreal Can lifted its stake in Heartland Financial USA by 380.8% during the 2nd quarter. Bank of Montreal Can now owns 3,481 shares of the bank’s stock worth $155,000 after acquiring an additional 2,757 shares in the last quarter. Finally, Creative Planning acquired a new position in Heartland Financial USA during the 2nd quarter worth about $208,000. 51.32% of the stock is currently owned by hedge funds and other institutional investors.
In other Heartland Financial USA news, CFO Bryan Mckeag acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $41.76 per share, for a total transaction of $41,760.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.
HTLF stock opened at $46.99 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market capitalization of $1.64 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.08 and a beta of 0.99. The business’s 50-day moving average is $44.36 and its two-hundred day moving average is $44.55. Heartland Financial USA Inc has a 1 year low of $40.80 and a 1 year high of $61.95.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 29th. The bank reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.32. Heartland Financial USA had a return on equity of 10.37% and a net margin of 23.19%. The company had revenue of $138.77 million for the quarter, compared to analyst estimates of $135.69 million. During the same quarter last year, the company earned $0.85 EPS. On average, analysts expect that Heartland Financial USA Inc will post 4.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.16. Heartland Financial USA’s dividend payout ratio is presently 20.45%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
Featured Article: What is net income?
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.