Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLFFree Report) by 76.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,613 shares of the bank’s stock after selling 30,584 shares during the period. Trexquant Investment LP’s holdings in Heartland Financial USA were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HTLF. HTLF Bank acquired a new stake in shares of Heartland Financial USA during the 4th quarter valued at about $55,623,000. Norges Bank acquired a new stake in Heartland Financial USA in the 4th quarter worth about $11,502,000. AQR Capital Management LLC boosted its holdings in Heartland Financial USA by 470.7% in the 3rd quarter. AQR Capital Management LLC now owns 272,767 shares of the bank’s stock worth $8,028,000 after buying an additional 224,975 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Heartland Financial USA by 166.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 141,996 shares of the bank’s stock worth $4,179,000 after buying an additional 88,739 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Heartland Financial USA by 70.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 209,120 shares of the bank’s stock worth $7,865,000 after buying an additional 86,285 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James upgraded Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Thursday, February 29th. DA Davidson lifted their price objective on Heartland Financial USA from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. StockNews.com assumed coverage on Heartland Financial USA in a report on Saturday. They set a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded Heartland Financial USA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $51.00 to $54.00 in a report on Friday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Heartland Financial USA has an average rating of “Moderate Buy” and an average price target of $45.60.

Get Our Latest Report on HTLF

Heartland Financial USA Trading Down 1.4 %

Shares of Heartland Financial USA stock opened at $43.34 on Tuesday. The stock has a market cap of $1.85 billion, a P/E ratio of 26.11 and a beta of 0.98. The stock’s 50 day simple moving average is $39.03 and its 200-day simple moving average is $36.29. Heartland Financial USA, Inc. has a 1-year low of $26.44 and a 1-year high of $45.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.76 and a quick ratio of 0.74.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last released its quarterly earnings results on Monday, April 29th. The bank reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The firm had revenue of $279.39 million for the quarter, compared to analyst estimates of $182.73 million. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.33%. During the same quarter in the previous year, the company earned $1.22 EPS. Analysts predict that Heartland Financial USA, Inc. will post 4.5 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, May 10th. Heartland Financial USA’s payout ratio is presently 72.29%.

Insider Activity

In other news, Director Robert B. Engel sold 7,600 shares of Heartland Financial USA stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.26, for a total transaction of $191,976.00. Following the sale, the director now owns 17,000 shares of the company’s stock, valued at approximately $429,420. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Heartland Financial USA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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