Heartland Financial USA Inc (HTLF) Position Raised by Martingale Asset Management L P

Martingale Asset Management L P increased its position in Heartland Financial USA Inc (NASDAQ:HTLF) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 120,933 shares of the bank’s stock after buying an additional 1,000 shares during the period. Martingale Asset Management L P’s holdings in Heartland Financial USA were worth $6,041,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Heartland Financial USA by 1.2% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 63,650 shares of the bank’s stock worth $2,296,000 after buying an additional 750 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Heartland Financial USA by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 104,405 shares of the bank’s stock worth $3,766,000 after buying an additional 5,083 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Heartland Financial USA by 1.9% in the third quarter. BlackRock Investment Management LLC now owns 91,584 shares of the bank’s stock worth $3,303,000 after buying an additional 1,700 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Heartland Financial USA by 12.8% in the third quarter. TIAA CREF Investment Management LLC now owns 142,475 shares of the bank’s stock worth $5,139,000 after buying an additional 16,140 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Heartland Financial USA by 2.1% in the third quarter. Northern Trust Corp now owns 879,017 shares of the bank’s stock worth $31,706,000 after buying an additional 18,444 shares in the last quarter. 39.47% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

Heartland Financial USA Inc (NASDAQ:HTLF) traded down 0.98% during mid-day trading on Friday, reaching $45.30. 99,623 shares of the company traded hands. The stock’s 50-day moving average price is $48.72 and its 200-day moving average price is $46.85. Heartland Financial USA Inc has a one year low of $32.41 and a one year high of $52.65. The firm has a market cap of $1.21 billion, a PE ratio of 14.73 and a beta of 0.65.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, April 24th. The bank reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. Heartland Financial USA had a net margin of 18.26% and a return on equity of 11.74%. The business had revenue of $106.44 million for the quarter, compared to analyst estimates of $100.45 million. During the same quarter last year, the firm earned $0.82 EPS. Analysts forecast that Heartland Financial USA Inc will post $2.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 19th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, May 17th. Heartland Financial USA’s payout ratio is 12.46%.

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A number of analysts have recently weighed in on HTLF shares. Zacks Investment Research raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Tuesday, February 7th. FBR & Co reaffirmed a “mkt perform” rating and issued a $52.00 price target (up from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th. Finally, DA Davidson lowered shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $46.75.

In related news, EVP Douglas J. Horstmann sold 10,000 shares of Heartland Financial USA stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $49.00, for a total transaction of $490,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.63% of the stock is owned by company insiders.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.

5 Day Chart for NASDAQ:HTLF

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