Heartland Financial USA (NASDAQ:HTLF) Now Covered by StockNews.com

StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report released on Friday. The brokerage issued a hold rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

HTLF opened at $64.67 on Friday. The company has a 50 day moving average of $64.17 and a 200 day moving average of $61.64. The company has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. Heartland Financial USA has a 12 month low of $32.33 and a 12 month high of $70.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, January 14th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Insider Buying and Selling

In related news, Director Jennifer K. Hopkins sold 5,811 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the transaction, the director now directly owns 6,963 shares of the company’s stock, valued at approximately $470,420.28. This trade represents a 45.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HTLF. Principal Financial Group Inc. boosted its holdings in Heartland Financial USA by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank’s stock valued at $1,626,000 after purchasing an additional 2,136 shares during the period. Wolverine Asset Management LLC boosted its holdings in Heartland Financial USA by 39.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,042 shares of the bank’s stock valued at $2,327,000 after purchasing an additional 11,589 shares during the period. Versor Investments LP boosted its holdings in Heartland Financial USA by 13.6% in the 3rd quarter. Versor Investments LP now owns 83,489 shares of the bank’s stock valued at $4,734,000 after purchasing an additional 9,982 shares during the period. Empowered Funds LLC boosted its holdings in Heartland Financial USA by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 107,076 shares of the bank’s stock valued at $6,071,000 after purchasing an additional 5,360 shares during the period. Finally, Stieven Capital Advisors L.P. boosted its holdings in Heartland Financial USA by 20.9% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 323,577 shares of the bank’s stock valued at $18,347,000 after purchasing an additional 55,949 shares during the period. 71.55% of the stock is owned by institutional investors.

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.