Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock Holdings Lifted by Versor Investments LP

Versor Investments LP lifted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,489 shares of the bank's stock after acquiring an additional 9,982 shares during the period. Heartland Financial USA accounts for 0.7% of Versor Investments LP's portfolio, making the stock its 10th largest position. Versor Investments LP owned 0.19% of Heartland Financial USA worth $4,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. USA Financial Formulas boosted its position 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 purchasing an additional 232 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Heartland Financial USA during the second quarter valued at about $83,000. Meeder Asset Management Inc. raised its position in shares of Heartland Financial USA by 695.2% in the 1st quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank's stock valued at $99,000 after purchasing an additional 2,454 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Heartland Financial USA in the 3rd quarter worth approximately $125,000. Finally, Blue Trust Inc. boosted its stake in Heartland Financial USA by 2,193.4% in the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank's stock worth $157,000 after purchasing an additional 2,654 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Heartland Financial USA Stock Performance

Shares of HTLF stock traded up $2.47 during trading hours on Monday, hitting $68.87. The company's stock had a trading volume of 226,600 shares, compared to its average volume of 289,986. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $57.85 and a 200 day moving average of $50.80. Heartland Financial USA, Inc. has a 12-month low of $27.69 and a 12-month high of $69.91. The stock has a market cap of $2.95 billion, a PE ratio of 38.48 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The company had revenue of $272.79 million during the quarter, compared to analysts' expectations of $189.51 million. Heartland Financial USA had a return on equity of 11.04% and a net margin of 8.79%. During the same period last year, the business earned $1.12 earnings per share. On average, sell-side analysts forecast that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal 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 given a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.20 annualized dividend and a yield of 1.74%. Heartland Financial USA's dividend payout ratio is presently 67.04%.

Wall Street Analyst Weigh In

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