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

OLD National Bancorp IN trimmed its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 28.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 50,000 shares of the bank's stock after selling 20,000 shares during the period. OLD National Bancorp IN owned approximately 0.12% of Heartland Financial USA worth $2,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas lifted its holdings in shares of Heartland Financial USA by 28.0% in the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank's stock worth $60,000 after acquiring an additional 232 shares during the last quarter. Arizona State Retirement System lifted its stake in Heartland Financial USA by 2.2% during the second quarter. Arizona State Retirement System now owns 11,378 shares of the bank's stock worth $506,000 after purchasing an additional 240 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Heartland Financial USA by 8.5% during the first quarter. ProShare Advisors LLC now owns 7,600 shares of the bank's stock worth $267,000 after buying an additional 598 shares during the period. Choreo LLC grew its stake in shares of Heartland Financial USA by 8.6% in the first quarter. Choreo LLC now owns 9,211 shares of the bank's stock valued at $324,000 after buying an additional 728 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Heartland Financial USA by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,119 shares of the bank's stock valued at $983,000 after buying an additional 984 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Heartland Financial USA Stock Down 2.5 %

HTLF traded down $1.48 on Monday, hitting $57.83. 284,408 shares of the company were exchanged, compared to its average volume of 291,868. The firm has a 50-day moving average price of $55.52 and a two-hundred day moving average price of $47.84. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. Heartland Financial USA, Inc. has a twelve month low of $26.44 and a twelve month high of $61.46. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 35.09 and a beta of 0.95.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last released its earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The firm had revenue of $188.92 million for the quarter, compared to analyst estimates of $183.19 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Heartland Financial USA, Inc. will post 4.72 earnings per share for the current year.

Heartland Financial USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.08%. Heartland Financial USA's payout ratio is currently 72.29%.

Insider Activity at Heartland Financial USA

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of Heartland Financial USA stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.14, for a total transaction of $220,064.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Heartland Financial USA in a report on Tuesday, October 15th. They set a "hold" rating for the company. Two 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. According to MarketBeat, Heartland Financial USA has a consensus rating of "Moderate Buy" and a consensus price target of $45.60.

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.