4,174 Shares in Heartland Financial USA, Inc. (NASDAQ:HTLF) Acquired by Tanager Wealth Management LLP

Tanager Wealth Management LLP bought a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,174 shares of the bank's stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Heartland Financial USA by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank's stock valued at $82,579,000 after buying an additional 53,755 shares during the period. Geode Capital Management LLC boosted its position in Heartland Financial USA by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank's stock worth $58,036,000 after purchasing an additional 47,480 shares during the period. Westchester Capital Management LLC raised its position in shares of Heartland Financial USA by 260.1% in the third quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank's stock valued at $33,049,000 after purchasing an additional 421,000 shares during the period. Slotnik Capital LLC raised its position in shares of Heartland Financial USA by 14.6% in the third quarter. Slotnik Capital LLC now owns 353,534 shares of the bank's stock valued at $20,045,000 after purchasing an additional 45,000 shares during the period. Finally, Stieven Capital Advisors L.P. lifted its stake in shares of Heartland Financial USA by 20.9% during the 3rd quarter. Stieven Capital Advisors L.P. now owns 323,577 shares of the bank's stock valued at $18,347,000 after buying an additional 55,949 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Heartland Financial USA Price Performance

Shares of Heartland Financial USA stock traded down $1.43 on Friday, hitting $64.67. 3,034,503 shares of the company traded hands, compared to its average volume of 395,190. Heartland Financial USA, Inc. has a 12-month low of $32.03 and a 12-month high of $70.27. The firm's 50-day simple moving average is $64.51 and its 200 day simple moving average is $59.80. The company has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, January 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Heartland Financial USA's dividend payout ratio (DPR) is presently 67.04%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a report on Friday, January 3rd. They set a "hold" rating on the stock.

Insider Activity at Heartland Financial USA

In other news, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA stock in a transaction dated 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Jennifer K. Hopkins sold 5,811 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the transaction, the director now directly owns 6,963 shares of the company's stock, valued at $470,420.28. This represents a 45.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,743 shares of company stock valued at $1,958,839. 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.