Federated Investors Inc. PA lessened its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 31.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,506 shares of the bank’s stock after selling 11,545 shares during the period. Federated Investors Inc. PA owned about 0.10% of Heartland Financial USA worth $1,202,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in HTLF. Virginia Retirement Systems ET AL acquired a new stake in shares of Heartland Financial USA during the 1st quarter worth approximately $549,000. PNC Financial Services Group Inc. boosted its position in shares of Heartland Financial USA by 10.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock worth $487,000 after acquiring an additional 902 shares in the last quarter. 1st Global Advisors Inc. acquired a new stake in shares of Heartland Financial USA during the 1st quarter worth approximately $304,000. Martingale Asset Management L P boosted its position in shares of Heartland Financial USA by 0.8% during the 1st quarter. Martingale Asset Management L P now owns 120,933 shares of the bank’s stock worth $6,041,000 after acquiring an additional 1,000 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Heartland Financial USA by 81.3% during the 1st quarter. US Bancorp DE now owns 29,429 shares of the bank’s stock worth $1,470,000 after acquiring an additional 13,200 shares in the last quarter. Hedge funds and other institutional investors own 42.41% of the company’s stock.
Several analysts recently issued reports on HTLF shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Heartland Financial USA has an average rating of “Hold” and an average price target of $52.67.
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Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 44.15 on Friday. Heartland Financial USA, Inc. has a 1-year low of $35.02 and a 1-year high of $52.65. The company has a market capitalization of $1.32 billion, a P/E ratio of 14.48 and a beta of 0.66. The firm has a 50-day moving average of $44.84 and a 200 day moving average of $47.13.
Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.08. Heartland Financial USA had a net margin of 18.38% and a return on equity of 10.48%. The business had revenue of $100.20 million during the quarter, compared to analyst estimates of $103.48 million. During the same period in the prior year, the business earned $0.84 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.44 annualized dividend and a yield of 1.00%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.47%.
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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