Wolverine Asset Management LLC Has $2.33 Million Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Wolverine Asset Management LLC boosted its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 39.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,042 shares of the bank's stock after acquiring an additional 11,589 shares during the period. Wolverine Asset Management LLC owned 0.10% of Heartland Financial USA worth $2,327,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HTLF. USA Financial Formulas grew its position in Heartland Financial USA by 28.0% during 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 during the last quarter. Innealta Capital LLC acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at $83,000. Meeder Asset Management Inc. raised its stake in shares of Heartland Financial USA by 695.2% during the 1st quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank's stock worth $99,000 after purchasing an additional 2,454 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Heartland Financial USA during the 3rd quarter worth approximately $125,000. Finally, Blue Trust Inc. raised its position 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 valued at $157,000 after purchasing an additional 2,654 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Heartland Financial USA in a report on Friday. They issued a "hold" rating on the stock. Two research 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.60.

Heartland Financial USA Stock Performance

HTLF stock traded down $1.37 on Tuesday, reaching $67.50. 736,199 shares of the company were exchanged, compared to its average volume of 292,024. The stock's fifty day moving average price is $57.85 and its 200 day moving average price is $50.80. The firm has a market capitalization of $2.89 billion, a PE ratio of 38.47 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. Heartland Financial USA, Inc. has a 12 month low of $27.69 and a 12 month high of $69.91.

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

Heartland Financial USA Dividend Announcement

The business also recently announced 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 1.78%. Heartland Financial USA's dividend payout ratio (DPR) is presently 67.04%.

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.