Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 65.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,767 shares of the bank's stock after buying an additional 33,533 shares during the period. Barclays PLC owned approximately 0.20% of Heartland Financial USA worth $4,807,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Earnest Partners LLC increased its holdings in Heartland Financial USA by 2.1% in the 2nd quarter. Earnest Partners LLC now owns 2,657,168 shares of the bank's stock worth $118,111,000 after buying an additional 54,030 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Heartland Financial USA by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank's stock worth $105,999,000 after acquiring an additional 182,245 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Heartland Financial USA by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank's stock valued at $82,579,000 after purchasing an additional 53,755 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Heartland Financial USA during the 2nd quarter worth about $46,626,000. Finally, Millennium Management LLC grew its position in Heartland Financial USA by 2,309.0% during the 2nd quarter. Millennium Management LLC now owns 710,923 shares of the bank's stock worth $31,601,000 after purchasing an additional 681,412 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Price Performance

Shares of HTLF stock traded up $0.96 during mid-day trading on Friday, hitting $62.31. 609,208 shares of the stock were exchanged, compared to its average volume of 282,094. Heartland Financial USA, Inc. has a 52-week low of $32.03 and a 52-week high of $70.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.67 billion, a PE ratio of 34.81 and a beta of 0.97. The firm has a fifty day moving average of $63.92 and a 200 day moving average of $55.51.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.17. The company had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same quarter in the prior year, the business posted $1.12 earnings per share. Research analysts anticipate that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current year.

Heartland Financial USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, November 12th. Heartland Financial USA's payout ratio is presently 67.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Heartland Financial USA in a research note on Wednesday. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Heartland Financial USA has a consensus rating of "Moderate Buy" and a consensus target price of $45.60.

Insiders Place Their Bets

In other news, EVP Mark A. Frank sold 432 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the transaction, the executive vice president now owns 1,060 shares in the company, valued at $71,274.40. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jennifer K. Hopkins sold 5,811 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $67.56, for a total value of $392,591.16. Following the sale, the director now owns 6,963 shares of the company's stock, valued at $470,420.28. The trade was a 45.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,743 shares of company stock worth $1,958,839. Company insiders own 1.80% of the company's stock.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.