Schwab Charles Investment Management Inc. lifted its position in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,923 shares of the bank’s stock after buying an additional 5,780 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.42% of Heartland Financial USA worth $6,893,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of HTLF. Ladenburg Thalmann Financial Services Inc. grew its holdings in Heartland Financial USA by 24.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,533 shares of the bank’s stock valued at $297,000 after purchasing an additional 1,104 shares during the period. ETRADE Capital Management LLC grew its holdings in Heartland Financial USA by 24.6% in the fourth quarter. ETRADE Capital Management LLC now owns 7,155 shares of the bank’s stock valued at $384,000 after purchasing an additional 1,414 shares during the period. Victory Capital Management Inc. grew its holdings in Heartland Financial USA by 43.5% in the first quarter. Victory Capital Management Inc. now owns 7,435 shares of the bank’s stock valued at $394,000 after purchasing an additional 2,253 shares during the period. First Trust Advisors LP grew its holdings in Heartland Financial USA by 3.9% in the fourth quarter. First Trust Advisors LP now owns 71,811 shares of the bank’s stock valued at $3,853,000 after purchasing an additional 2,705 shares during the period. Finally, Mosaic Family Wealth LLC purchased a new stake in Heartland Financial USA in the fourth quarter valued at approximately $182,000. Institutional investors and hedge funds own 55.72% of the company’s stock.
In other news, EVP Kelly J. Johnson sold 2,026 shares of the business’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $53.05, for a total transaction of $107,479.30. Following the transaction, the executive vice president now directly owns 6,038 shares of the company’s stock, valued at $320,315.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kurt Saylor sold 10,000 shares of the business’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $52.35, for a total transaction of $523,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,026 shares of company stock worth $1,754,979. 6.60% of the stock is currently owned by corporate insiders.
Shares of Heartland Financial USA opened at $56.80 on Thursday, MarketBeat.com reports. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.56 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.80. Heartland Financial USA Inc has a fifty-two week low of $42.10 and a fifty-two week high of $58.05.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, April 30th. The bank reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.09). The business had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.17 million. Heartland Financial USA had a net margin of 16.60% and a return on equity of 9.50%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. equities research analysts anticipate that Heartland Financial USA Inc will post 3.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Thursday, May 17th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. Heartland Financial USA’s dividend payout ratio (DPR) is 17.33%.
A number of equities research analysts recently issued reports on the stock. Piper Jaffray Companies restated a “buy” rating on shares of Heartland Financial USA in a report on Friday, April 6th. ValuEngine downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Finally, Stephens assumed coverage on shares of Heartland Financial USA in a report on Thursday, June 14th. They issued an “equal weight” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Heartland Financial USA presently has an average rating of “Hold” and a consensus target price of $56.50.
Heartland Financial USA Company Profile
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 accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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).
Receive News & Ratings for Heartland Financial USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA and related companies with MarketBeat.com's FREE daily email newsletter.