Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Trading Down 2.2 %

Shares of NASDAQ:HTLF opened at $64.67 on Friday. Heartland Financial USA has a 52-week low of $32.97 and a 52-week high of $70.27. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $64.98 and a 200-day moving average price of $62.47.

Institutional Trading of Heartland Financial USA

Several hedge funds and other institutional investors have recently bought and sold shares of HTLF. Smartleaf Asset Management LLC grew its holdings in Heartland Financial USA by 77.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after acquiring an additional 406 shares during the period. Sterling Capital Management LLC grew its holdings in Heartland Financial USA by 821.4% during the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock worth $82,000 after acquiring an additional 1,191 shares during the period. USA Financial Formulas grew its holdings in Heartland Financial USA by 90.4% during the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock worth $124,000 after acquiring an additional 958 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Heartland Financial USA by 204.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after acquiring an additional 2,174 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in Heartland Financial USA during the fourth quarter worth about $200,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.