Swiss National Bank Sells 10,800 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Swiss National Bank cut its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,600 shares of the bank’s stock after selling 10,800 shares during the period. Swiss National Bank owned about 0.22% of Heartland Financial USA worth $3,514,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HTLF. McIlrath & Eck LLC bought a new position in Heartland Financial USA during the 1st quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Heartland Financial USA during the 1st quarter valued at $26,000. City State Bank increased its position in shares of Heartland Financial USA by 433.3% during the 1st quarter. City State Bank now owns 800 shares of the bank’s stock valued at $31,000 after purchasing an additional 650 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Heartland Financial USA by 219.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 993 shares of the bank’s stock valued at $38,000 after purchasing an additional 682 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Heartland Financial USA by 46.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,031 shares of the bank’s stock valued at $48,000 after purchasing an additional 329 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HTLF. StockNews.com assumed coverage on Heartland Financial USA in a research report on Thursday, August 17th. They set a “hold” rating for the company. Stephens reissued an “overweight” rating and issued a $38.00 price objective on shares of Heartland Financial USA in a report on Tuesday, August 1st. DA Davidson lifted their price objective on Heartland Financial USA from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, August 1st. Finally, TheStreet lowered Heartland Financial USA from a “b-” rating to a “c+” rating in a report on Wednesday, May 10th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.75.

Heartland Financial USA Stock Up 4.5 %

Shares of NASDAQ HTLF opened at $32.02 on Friday. Heartland Financial USA, Inc. has a 52 week low of $26.10 and a 52 week high of $51.60. The business has a 50-day simple moving average of $31.07 and a two-hundred day simple moving average of $34.25. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.37 billion, a P/E ratio of 6.47 and a beta of 1.05.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, July 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). The business had revenue of $179.63 million for the quarter, compared to the consensus estimate of $181.53 million. Heartland Financial USA had a net margin of 22.98% and a return on equity of 13.48%. Research analysts anticipate that Heartland Financial USA, Inc. will post 4.51 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.75%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 24.24%.

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 also accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement; certificates of deposit; and other time deposits.