Strs Ohio Sells 2,600 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Strs Ohio reduced its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,100 shares of the bank’s stock after selling 2,600 shares during the quarter. Strs Ohio’s holdings in Heartland Financial USA were worth $831,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HTLF. Phocas Financial Corp. raised its holdings in Heartland Financial USA by 1.0% during the fourth quarter. Phocas Financial Corp. now owns 91,960 shares of the bank’s stock valued at $3,459,000 after acquiring an additional 879 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Heartland Financial USA by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,032 shares of the bank’s stock valued at $716,000 after acquiring an additional 998 shares during the period. Assenagon Asset Management S.A. raised its holdings in Heartland Financial USA by 70.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 209,120 shares of the bank’s stock valued at $7,865,000 after acquiring an additional 86,285 shares during the period. Ziegler Capital Management LLC raised its holdings in Heartland Financial USA by 31.7% during the fourth quarter. Ziegler Capital Management LLC now owns 26,998 shares of the bank’s stock valued at $1,015,000 after acquiring an additional 6,500 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Heartland Financial USA by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,144,058 shares of the bank’s stock valued at $92,530,000 after acquiring an additional 30,497 shares during the period. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HTLF has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Raymond James raised Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Thursday, February 29th. TheStreet cut Heartland Financial USA from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, Stephens reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Heartland Financial USA in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

Heartland Financial USA Trading Up 0.3 %

Shares of HTLF stock opened at $36.02 on Thursday. Heartland Financial USA, Inc. has a 12-month low of $26.10 and a 12-month high of $39.39. 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 stock’s 50-day moving average price is $33.86 and its 200-day moving average price is $33.56. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.31 and a beta of 1.06.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, January 29th. The bank reported $1.06 EPS for the quarter, topping the consensus estimate of $0.66 by $0.40. The company had revenue of $144.09 million during the quarter, compared to analyst estimates of $178.60 million. Heartland Financial USA had a return on equity of 11.56% and a net margin of 8.57%. During the same quarter last year, the business posted $1.37 earnings per share. Equities research analysts predict that Heartland Financial USA, Inc. will post 4.45 EPS for the current fiscal year.

About Heartland Financial USA

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.