State Street Corp Lowers Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

State Street Corp cut its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,235,379 shares of the bank's stock after selling 72,593 shares during the quarter. State Street Corp owned 2.88% of Heartland Financial USA worth $70,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HTLF. Bank of New York Mellon Corp increased its position in shares of Heartland Financial USA by 4.3% during 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 purchasing an additional 12,565 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Heartland Financial USA by 40.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the bank's stock worth $363,000 after acquiring an additional 2,364 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. Principal Financial Group Inc. boosted its stake in shares of Heartland Financial USA by 14.1% in the 2nd 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 in the last quarter. Finally, Versor Investments LP grew its holdings in shares of Heartland Financial USA by 781.5% during the 2nd quarter. Versor Investments LP now owns 73,507 shares of the bank's stock valued at $3,267,000 after purchasing an additional 65,168 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at Heartland Financial USA

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of the firm's 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 completion of the transaction, the director now owns 6,963 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. Also, 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 sale, the director now owns 60,541 shares in the company, valued at approximately $4,136,161.12. This trade represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,743 shares of company stock worth $1,958,839 over the last 90 days. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research note on Wednesday. They issued a "hold" rating for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.60.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $65.24 on Wednesday. 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 fifty-two week low of $32.03 and a fifty-two week high of $70.27. The firm has a market cap of $2.80 billion, a PE ratio of 36.45 and a beta of 0.97. The business has a 50 day moving average price of $63.49 and a 200-day moving average price of $54.96.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 EPS 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 return on equity of 10.81% and a net margin of 8.79%. During the same quarter in the prior year, the company posted $1.12 EPS. Equities research analysts predict that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current year.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, November 12th. Heartland Financial USA's payout ratio is 67.04%.

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.