Heartland Financial USA, Inc. (NASDAQ:HTLF) Director Robert B. Engel Sells 7,600 Shares

Heartland Financial USA, Inc. (NASDAQ:HTLF) Director Robert B. Engel sold 7,600 shares of Heartland Financial USA stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $25.26, for a total transaction of $191,976.00. Following the transaction, the director now owns 17,000 shares in the company, valued at approximately $429,420. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Heartland Financial USA Price Performance

HTLF traded down $0.04 during trading on Tuesday, hitting $43.59. 393,558 shares of the company traded hands, compared to its average volume of 329,001. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.86 billion, a PE ratio of 26.28 and a beta of 0.98. The stock’s 50-day simple moving average is $35.13 and its two-hundred day simple moving average is $34.24. Heartland Financial USA, Inc. has a 1 year low of $26.10 and a 1 year high of $44.47.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, April 29th. The bank reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. Heartland Financial USA had a return on equity of 11.50% and a net margin of 8.17%. During the same quarter last year, the business posted $1.22 earnings per share. As a group, sell-side analysts anticipate that Heartland Financial USA, Inc. will post 4.49 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s payout ratio is 72.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Heartland Financial USA by 3.5% in the 1st quarter. Sei Investments Co. now owns 153,572 shares of the bank’s stock valued at $5,398,000 after acquiring an additional 5,262 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Heartland Financial USA during the first quarter valued at approximately $167,000. Empowered Funds LLC lifted its stake in shares of Heartland Financial USA by 8.2% in the 1st quarter. Empowered Funds LLC now owns 127,262 shares of the bank’s stock valued at $4,473,000 after purchasing an additional 9,615 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Heartland Financial USA by 223.1% in the 1st quarter. Quantbot Technologies LP now owns 24,940 shares of the bank’s stock worth $877,000 after purchasing an additional 17,221 shares during the period. Finally, Choreo LLC increased its position in shares of Heartland Financial USA by 8.6% during the 1st quarter. Choreo LLC now owns 9,211 shares of the bank’s stock valued at $324,000 after purchasing an additional 728 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HTLF. TheStreet lowered Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. DA Davidson raised their target price on shares of Heartland Financial USA from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Stephens reiterated an “overweight” rating and issued a $45.00 price target on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Piper Sandler lifted their target price on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods increased their price target on Heartland Financial USA from $41.00 to $51.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Heartland Financial USA presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.