Fmr LLC Reduces Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Fmr LLC trimmed its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 502,768 shares of the bank’s stock after selling 45,400 shares during the quarter. Fmr LLC owned 1.17% of Heartland Financial USA worth $28,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. USA Financial Formulas boosted its stake in Heartland Financial USA by 28.0% during the third quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock worth $60,000 after buying an additional 232 shares during the period. Innealta Capital LLC purchased a new stake in shares of Heartland Financial USA during the second quarter valued at $83,000. SG Americas Securities LLC purchased a new stake in shares of Heartland Financial USA during the third quarter valued at $125,000. Blue Trust Inc. boosted its stake in shares of Heartland Financial USA by 2,193.4% during the third quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after purchasing an additional 2,654 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Heartland Financial USA during the second quarter valued at $225,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.32, for a total value of $1,537,200.00. Following the completion of the transaction, the director now directly owns 60,541 shares in the company, valued at approximately $4,136,161.12. The trade was a 27.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark A. Frank sold 432 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $67.24, for a total transaction of $29,047.68. Following the completion of the transaction, the executive vice president now owns 1,060 shares of the company’s stock, valued at $71,274.40. This represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a research note on Tuesday. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Heartland Financial USA Stock Performance

HTLF stock opened at $67.06 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50-day moving average price of $62.32 and a 200 day moving average price of $54.12. The company has a market capitalization of $2.88 billion, a P/E ratio of 37.46 and a beta of 0.97. Heartland Financial USA, Inc. has a 1-year low of $32.03 and a 1-year high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, equities research analysts forecast that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.79%. Heartland Financial USA’s payout ratio is currently 67.04%.

Heartland Financial USA 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.