LMR Partners LLP Acquires 45,601 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

LMR Partners LLP lifted its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 105.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,856 shares of the bank's stock after purchasing an additional 45,601 shares during the period. LMR Partners LLP owned 0.21% of Heartland Financial USA worth $5,038,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Stieven Capital Advisors L.P. raised its position in shares of Heartland Financial USA by 20.9% during the third quarter. Stieven Capital Advisors L.P. now owns 323,577 shares of the bank's stock worth $18,347,000 after acquiring an additional 55,949 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Heartland Financial USA by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 107,076 shares of the bank's stock worth $6,071,000 after purchasing an additional 5,360 shares during the period. Versor Investments LP boosted its stake in shares of Heartland Financial USA by 13.6% in the 3rd quarter. Versor Investments LP now owns 83,489 shares of the bank's stock valued at $4,734,000 after purchasing an additional 9,982 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of Heartland Financial USA by 39.3% during the third quarter. Wolverine Asset Management LLC now owns 41,042 shares of the bank's stock worth $2,327,000 after buying an additional 11,589 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Heartland Financial USA by 8.0% during the third quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank's stock worth $1,626,000 after buying an additional 2,136 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Heartland Financial USA Stock Down 0.1 %

Shares of NASDAQ HTLF traded down $0.09 during midday trading on Tuesday, hitting $65.23. 105,959 shares of the stock traded hands, compared to its average volume of 289,115. 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, Inc. has a one year low of $29.67 and a one year high of $69.91. The business has a 50 day moving average price of $58.79 and a two-hundred day moving average price of $51.53. The company has a market cap of $2.80 billion, a PE ratio of 36.49 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.17. The firm had revenue of $272.79 million during the quarter, compared to analysts' expectations of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. During the same period last year, the company earned $1.12 earnings per share. On average, equities analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, November 12th. Heartland Financial USA's dividend payout ratio (DPR) is presently 67.04%.

Insider Buying and Selling 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 shares were sold at an average price of $68.32, for a total value of $1,537,200.00. Following the transaction, the director now directly owns 60,541 shares of the company's stock, valued at approximately $4,136,161.12. The trade was a 27.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Heartland Financial USA in a report on Saturday. They set a "hold" rating for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.60.

Heartland Financial USA 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.