Bank of America Corp DE Has $28.28 Million Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Bank of America Corp DE lifted its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,222 shares of the bank’s stock after purchasing an additional 5,654 shares during the period. Bank of America Corp DE owned approximately 1.08% of Heartland Financial USA worth $28,275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HTLF. Norges Bank purchased a new position in shares of Heartland Financial USA during the fourth quarter valued at $53,132,000. Westchester Capital Management LLC grew its holdings in shares of Heartland Financial USA by 72.7% during the fourth quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock valued at $61,727,000 after buying an additional 424,011 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Heartland Financial USA by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after purchasing an additional 145,255 shares in the last quarter. Credit Industriel ET Commercial purchased a new position in Heartland Financial USA in the fourth quarter valued at about $4,904,000. Finally, ABC Arbitrage SA purchased a new position in Heartland Financial USA in the fourth quarter valued at about $4,506,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Stock Performance

Shares of NASDAQ HTLF opened at $64.67 on Friday. The business’s 50-day moving average price is $64.67 and its two-hundred day moving average price is $64.72. 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 $41.69 and a one year high of $70.27. The company has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research note on Sunday. They issued a “hold” rating on the stock.

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.