OLD National Bancorp IN Trims Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

OLD National Bancorp IN lowered its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 30.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the bank's stock after selling 15,000 shares during the period. OLD National Bancorp IN owned approximately 0.08% of Heartland Financial USA worth $2,146,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HTLF. Integrated Investment Consultants LLC grew its stake in Heartland Financial USA by 2.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank's stock valued at $533,000 after acquiring an additional 170 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Heartland Financial USA in the fourth quarter valued at approximately $294,000. USA Financial Formulas grew its stake in Heartland Financial USA by 90.4% in the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank's stock valued at $124,000 after acquiring an additional 958 shares during the period. Principal Financial Group Inc. grew its stake in Heartland Financial USA by 8.0% in the third quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank's stock valued at $1,626,000 after acquiring an additional 2,136 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in Heartland Financial USA in the third quarter valued at approximately $303,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Heartland Financial USA in a research note on Friday, January 3rd. They issued a "hold" rating for the company.

Heartland Financial USA Stock Down 2.2 %

Shares of NASDAQ:HTLF traded down $1.43 during mid-day trading on Tuesday, hitting $64.67. 3,034,503 shares of the company traded hands, compared to its average volume of 395,190. The stock has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA, Inc. has a 12-month low of $32.03 and a 12-month high of $70.27. The stock has a 50-day moving average price of $64.69 and a two-hundred day moving average price of $59.63.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Heartland Financial USA's payout ratio is 67.04%.

Insider Activity at Heartland Financial USA

In related news, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.56, for a total transaction of $392,591.16. Following the sale, the director now directly owns 6,963 shares in the company, valued at approximately $470,420.28. This trade represents a 45.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark A. Frank sold 432 shares of Heartland Financial USA stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 28,743 shares of company stock valued at $1,958,839 over the last 90 days. 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.