Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock Holdings Decreased by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. lessened its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,446 shares of the bank's stock after selling 10,000 shares during the quarter. Heartland Financial USA makes up about 0.8% of MidWestOne Financial Group Inc.'s holdings, making the stock its 14th largest position. MidWestOne Financial Group Inc. owned 0.24% of Heartland Financial USA worth $5,922,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HTLF. Bank of New York Mellon Corp grew its position in shares of Heartland Financial USA by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 302,294 shares of the bank's stock valued at $13,437,000 after buying an additional 12,565 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Heartland Financial USA by 40.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the bank's stock valued at $363,000 after purchasing an additional 2,364 shares during the period. Innealta Capital LLC acquired a new position in Heartland Financial USA during the second quarter worth approximately $83,000. Principal Financial Group Inc. increased its stake in Heartland Financial USA by 14.1% in the second quarter. Principal Financial Group Inc. now owns 26,543 shares of the bank's stock valued at $1,180,000 after purchasing an additional 3,287 shares during the period. Finally, Versor Investments LP raised its holdings in shares of Heartland Financial USA by 781.5% in the second quarter. Versor Investments LP now owns 73,507 shares of the bank's stock valued at $3,267,000 after buying an additional 65,168 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research note on Tuesday. They set a "hold" rating for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Heartland Financial USA currently has a consensus rating of "Moderate Buy" and an average target price of $45.60.

Heartland Financial USA Price Performance

Shares of Heartland Financial USA stock traded up $0.86 during trading on Tuesday, hitting $67.92. 79,285 shares of the company were exchanged, compared to its average volume of 281,347. 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 firm has a 50 day moving average price of $62.32 and a 200 day moving average price of $54.12. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 37.46 and a beta of 0.97. Heartland Financial USA, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $70.27.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting analysts' consensus estimates of $1.17. The business had revenue of $272.79 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.12 earnings per share. On average, equities analysts expect that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, November 12th. Heartland Financial USA's payout ratio is 67.04%.

Insider Buying and Selling

In other news, Director John K. Schmidt sold 22,500 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the firm's stock in a transaction on 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. The trade was 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.

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.