Heartland Financial USA, Inc. (NASDAQ:HTLF) EVP Sells $29,047.68 in Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) EVP Mark A. Frank sold 432 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the sale, the executive vice president now owns 1,060 shares in the company, valued at $71,274.40. The trade was a 28.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Heartland Financial USA Stock Down 0.4 %

Shares of HTLF stock opened at $67.72 on Thursday. Heartland Financial USA, Inc. has a 52-week low of $29.67 and a 52-week high of $70.27. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 37.83 and a beta of 0.94. The firm’s 50-day moving average is $60.35 and its 200-day moving average is $52.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. The company had revenue of $272.79 million during the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same period last year, the firm posted $1.12 earnings per share. Sell-side analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. Heartland Financial USA’s dividend payout ratio (DPR) is 67.04%.

Hedge Funds Weigh In On Heartland Financial USA

Several institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC grew its stake in Heartland Financial USA by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 7,600 shares of the bank’s stock valued at $267,000 after buying an additional 598 shares during the last quarter. Vanguard Group Inc. increased its stake 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 worth $114,032,000 after purchasing an additional 11,207 shares during the period. First Affirmative Financial Network acquired a new stake in Heartland Financial USA during the 2nd quarter worth approximately $209,000. Steele Capital Management Inc. grew its holdings in Heartland Financial USA by 193.9% in the 2nd quarter. Steele Capital Management Inc. now owns 33,842 shares of the bank’s stock valued at $1,504,000 after buying an additional 22,328 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Heartland Financial USA by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 302,294 shares of the bank’s stock worth $13,437,000 after buying an additional 12,565 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a research report on Sunday. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.