StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF - Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the bank's stock.
Heartland Financial USA Stock Performance
Heartland Financial USA stock traded up $0.57 during trading on Tuesday, hitting $67.63. The stock had a trading volume of 136,319 shares, compared to its average volume of 281,624. Heartland Financial USA has a 1 year low of $32.03 and a 1 year 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 stock's 50 day moving average is $62.58 and its two-hundred day moving average is $54.29. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 37.78 and a beta of 0.97.
Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The business had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, analysts predict that Heartland Financial USA will post 4.57 EPS for the current year.
Heartland Financial USA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. Heartland Financial USA's dividend payout ratio is 67.04%.
Insider Transactions at Heartland Financial USA
In related news, Director John K. Schmidt sold 22,500 shares of the business's 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 in the company, valued at $4,136,161.12. The trade was a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the transaction, the executive vice president now owns 1,060 shares in the company, valued at $71,274.40. This represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.
Institutional Investors Weigh In On Heartland Financial USA
Several hedge funds have recently bought and sold shares of the stock. USA Financial Formulas raised its holdings in shares of Heartland Financial USA by 28.0% during the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank's stock valued at $60,000 after buying an additional 232 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Heartland Financial USA in the 2nd quarter worth approximately $83,000. SG Americas Securities LLC purchased a new position in shares of Heartland Financial USA during the third quarter valued at approximately $125,000. Blue Trust Inc. raised its holdings in shares of Heartland Financial USA by 2,193.4% during the third quarter. Blue Trust Inc. now owns 2,775 shares of the bank's stock valued at $157,000 after acquiring an additional 2,654 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Heartland Financial USA in the second quarter worth $225,000. 71.55% of the stock is currently owned by institutional investors.
About Heartland Financial USA
(
Get 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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