Separately, Zacks Investment Research lowered shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Wednesday, February 2nd.
Shares of NASDAQ:HTLF opened at $48.08 on Friday. The firm has a market cap of $2.03 billion, a PE ratio of 9.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.61 and a current ratio of 0.62. Heartland Financial USA has a 52 week low of $42.84 and a 52 week high of $54.00. The firm’s fifty day moving average is $48.74 and its 200-day moving average is $50.12.
Institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its stake in Heartland Financial USA by 388.7% in the third quarter. First Horizon Advisors Inc. now owns 259 shares of the bank’s stock valued at $61,000 after acquiring an additional 206 shares during the period. Whittier Trust Co. acquired a new stake in Heartland Financial USA in the third quarter valued at approximately $25,000. Confluence Wealth Services Inc. acquired a new stake in Heartland Financial USA in the fourth quarter valued at approximately $28,000. CWM LLC bought a new position in shares of Heartland Financial USA in the fourth quarter valued at approximately $99,000. Finally, IMA Wealth Inc. bought a new position in shares of Heartland Financial USA in the third quarter valued at approximately $94,000. 59.92% of the stock is owned by hedge funds and other institutional investors.
About Heartland Financial USA (Get Rating)
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, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.
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