Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC decreased its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,532 shares of the bank’s stock after selling 352 shares during the period. Integrated Investment Consultants LLC’s holdings in Heartland Financial USA were worth $484,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a report on Saturday, November 16th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Heartland Financial USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

Heartland Financial USA Trading Up 2.3 %

Shares of NASDAQ:HTLF opened at $66.30 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA, Inc. has a 12-month low of $29.67 and a 12-month high of $69.91. The business has a 50 day moving average of $59.43 and a two-hundred day moving average of $51.93. The company has a market capitalization of $2.84 billion, a PE ratio of 37.04 and a beta of 0.94.

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

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.81%. Heartland Financial USA’s dividend payout ratio (DPR) is currently 67.04%.

Insider Transactions at Heartland Financial USA

In other news, Director John K. Schmidt sold 22,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 60,541 shares of the company’s stock, valued at $4,136,161.12. This represents a 27.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s 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.