Heartland Financial USA, Inc. (NASDAQ:HTLF) EVP Mark A. Frank Sells 432 Shares

Heartland Financial USA, Inc. (NASDAQ:HTLF) EVP Mark A. Frank sold 432 shares of Heartland Financial USA stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at $71,274.40. The trade was a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Heartland Financial USA Stock Up 2.1 %

Shares of NASDAQ HTLF opened at $68.95 on Tuesday. 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 stock has a market capitalization of $2.96 billion, a PE ratio of 38.52 and a beta of 0.94. The firm has a fifty day moving average of $59.88 and a 200-day moving average of $52.31. Heartland Financial USA, Inc. has a 52-week low of $29.67 and a 52-week high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results 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 net margin of 8.79% and a return on equity of 10.81%. The firm had revenue of $272.79 million for the quarter, compared to analyst estimates of $189.51 million. During the same quarter last year, the firm posted $1.12 earnings per share. On average, analysts anticipate that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.30 per share. 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 1.74%. Heartland Financial USA’s payout ratio is currently 67.04%.

Institutional Investors Weigh In On Heartland Financial USA

A number of large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in shares of Heartland Financial USA by 8.5% in the first quarter. ProShare Advisors LLC now owns 7,600 shares of the bank’s stock worth $267,000 after buying an additional 598 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Heartland Financial USA by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,244,151 shares of the bank’s stock valued at $114,032,000 after purchasing an additional 11,207 shares during the period. First Affirmative Financial Network bought a new stake in shares of Heartland Financial USA during the second quarter valued at about $209,000. Steele Capital Management Inc. lifted its holdings in Heartland Financial USA by 193.9% in the second quarter. Steele Capital Management Inc. now owns 33,842 shares of the bank’s stock worth $1,504,000 after purchasing an additional 22,328 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Heartland Financial USA by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 302,294 shares of the bank’s stock valued at $13,437,000 after buying an additional 12,565 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research report on Sunday. They set 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.60.

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.