Y Intercept Hong Kong Ltd bought a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,037 shares of the bank’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HTLF. Norges Bank acquired a new position in Heartland Financial USA in the 4th quarter worth about $17,909,000. Earnest Partners LLC increased its holdings in Heartland Financial USA by 10.1% in the 4th quarter. Earnest Partners LLC now owns 3,078,796 shares of the bank’s stock worth $143,533,000 after purchasing an additional 283,005 shares in the last quarter. Vanguard Group Inc. increased its holdings in Heartland Financial USA by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 3,028,089 shares of the bank’s stock worth $144,834,000 after purchasing an additional 187,955 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Heartland Financial USA by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,178,085 shares of the bank’s stock worth $101,542,000 after purchasing an additional 124,180 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Heartland Financial USA by 213.6% in the 4th quarter. Morgan Stanley now owns 161,815 shares of the bank’s stock worth $7,544,000 after purchasing an additional 110,210 shares in the last quarter. Institutional investors and hedge funds own 69.07% of the company’s stock.

Heartland Financial USA Stock Up 0.4 %

Shares of Heartland Financial USA stock opened at $31.49 on Friday. Heartland Financial USA, Inc. has a one year low of $26.10 and a one year high of $51.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50-day moving average is $30.96 and its 200 day moving average is $35.62. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 6.36 and a beta of 1.05.

Heartland Financial USA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. Heartland Financial USA’s payout ratio is 24.24%.

Wall Street Analyst Weigh In

A number of research firms have commented on HTLF. StockNews.com began coverage on Heartland Financial USA in a research report on Thursday. They issued a “hold” rating on the stock. DA Davidson upped their price target on Heartland Financial USA from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. Stephens reiterated an “overweight” rating and issued a $38.00 price target on shares of Heartland Financial USA in a research report on Tuesday, August 1st. TheStreet lowered Heartland Financial USA from a “b-” rating to a “c+” rating in a research report on Wednesday, May 10th. Finally, Piper Sandler reduced their price target on Heartland Financial USA from $49.00 to $44.00 in a research report on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.75.

View Our Latest Report on HTLF

Heartland Financial USA Company Profile

(Free Report)

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It also accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement; certificates of deposit; and other time deposits.

Read More

Want to see what other hedge funds are holding HTLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Financial USA, Inc. (NASDAQ:HTLF – Free Report).

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