Charles Schwab Investment Management Inc. grew its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,456,428 shares of the bank's stock after acquiring an additional 53,755 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.40% of Heartland Financial USA worth $82,579,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Water Island Capital LLC bought a new stake in shares of Heartland Financial USA in the second quarter worth about $800,000. Dark Forest Capital Management LP purchased a new stake in Heartland Financial USA in the 2nd quarter worth approximately $601,000. Magnetar Financial LLC bought a new stake in shares of Heartland Financial USA in the 2nd quarter worth approximately $46,626,000. Slotnik Capital LLC purchased a new position in shares of Heartland Financial USA during the second quarter valued at approximately $13,714,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Heartland Financial USA by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 144,397 shares of the bank's stock valued at $6,418,000 after acquiring an additional 7,017 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research report on Sunday. They set a "hold" rating on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Heartland Financial USA currently has an average rating of "Moderate Buy" and a consensus target price of $45.60.
View Our Latest Stock Analysis on HTLF
Heartland Financial USA Stock Down 0.4 %
Shares of NASDAQ HTLF traded down $0.24 during mid-day trading on Thursday, hitting $67.72. 141,958 shares of the stock traded hands, compared to its average volume of 285,854. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 37.83 and a beta of 0.94. The stock has a fifty day moving average price of $60.57 and a 200-day moving average price of $52.77. Heartland Financial USA, Inc. has a 52 week low of $29.67 and a 52 week high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last announced its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting analysts' consensus estimates of $1.17. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. The firm had revenue of $272.79 million for the quarter, compared to analysts' expectations of $189.51 million. During the same quarter in the previous year, the business posted $1.12 EPS. Research analysts anticipate that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.
Heartland Financial USA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. Heartland Financial USA's payout ratio is 67.04%.
Insider Transactions at Heartland Financial USA
In related news, EVP Mark A. Frank sold 432 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $67.24, for a total transaction of $29,047.68. Following the sale, the executive vice president now directly owns 1,060 shares of the company's stock, valued at approximately $71,274.40. This represents a 28.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the transaction, the director now directly owns 60,541 shares of the company's stock, valued at $4,136,161.12. This trade represents a 27.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.
About Heartland Financial USA
(
Free Report)
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.
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