UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 12,983 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,046 shares of the bank’s stock after selling 12,983 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Heartland Financial USA worth $6,070,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. USA Financial Formulas lifted its position in shares of Heartland Financial USA by 28.0% during the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock valued at $60,000 after buying an additional 232 shares during the last quarter. Innealta Capital LLC bought a new position in Heartland Financial USA during the 2nd quarter worth approximately $83,000. SG Americas Securities LLC purchased a new stake in Heartland Financial USA in the 3rd quarter worth approximately $125,000. Blue Trust Inc. lifted its holdings in Heartland Financial USA by 2,193.4% in the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock worth $157,000 after buying an additional 2,654 shares during the period. Finally, High Note Wealth LLC purchased a new position in shares of Heartland Financial USA in the 3rd quarter valued at approximately $238,000. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

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

Heartland Financial USA Stock Performance

Shares of HTLF opened at $67.63 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA, Inc. has a one year low of $32.03 and a one year high of $70.27. The firm has a market capitalization of $2.90 billion, a P/E ratio of 37.78 and a beta of 0.97. The business has a fifty day moving average of $62.58 and a 200 day moving average of $54.29.

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

Heartland Financial USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.30 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. Heartland Financial USA’s dividend payout ratio is currently 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Heartland Financial USA in a research report 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 issued a strong buy rating to the stock. According to data from MarketBeat, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and an average price target of $45.60.

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.