Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock Position Decreased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 58.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,000 shares of the bank’s stock after selling 29,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Heartland Financial USA were worth $1,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Water Island Capital LLC acquired a new position in shares of Heartland Financial USA during the 2nd quarter worth $800,000. Dark Forest Capital Management LP acquired a new position in Heartland Financial USA during the second quarter worth $601,000. Magnetar Financial LLC bought a new position in Heartland Financial USA during the second quarter valued at about $46,626,000. Slotnik Capital LLC acquired a new stake in shares of Heartland Financial USA in the second quarter worth about $13,714,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Heartland Financial USA by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 144,397 shares of the bank’s stock worth $6,418,000 after acquiring an additional 7,017 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other Heartland Financial USA news, EVP Mark A. Frank sold 432 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the transaction, the executive vice president now owns 1,060 shares of the company’s stock, valued at approximately $71,274.40. The trade was a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John K. Schmidt sold 22,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $68.32, for a total value of $1,537,200.00. Following the sale, the director now owns 60,541 shares in the company, valued at $4,136,161.12. The trade was a 27.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Heartland Financial USA Trading Down 0.2 %

Heartland Financial USA stock opened at $67.57 on Monday. Heartland Financial USA, Inc. has a 52 week low of $30.65 and a 52 week high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $2.90 billion, a PE ratio of 37.75 and a beta of 0.94. The business’s 50-day simple moving average is $60.95 and its 200-day simple moving average is $53.15.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting the consensus estimate of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The company had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. During the same period in the previous year, the business posted $1.12 EPS. Equities research analysts forecast that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current year.

Heartland Financial USA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was 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 67.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research note on Monday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA 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.