Kevin L. Thompson Buys 317 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) CFO Kevin L. Thompson purchased 317 shares of the company’s stock in a transaction on Sunday, June 30th. The shares were bought at an average price of $39.42 per share, with a total value of $12,496.14. Following the completion of the transaction, the chief financial officer now owns 317 shares of the company’s stock, valued at $12,496.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Heartland Financial USA Stock Down 1.3 %

Shares of NASDAQ HTLF traded down $0.57 during midday trading on Monday, hitting $43.88. The company’s stock had a trading volume of 137,589 shares, compared to its average volume of 333,221. The business’s fifty day simple moving average is $42.65 and its two-hundred day simple moving average is $37.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.76 and a quick ratio of 0.74. Heartland Financial USA, Inc. has a 1 year low of $26.44 and a 1 year high of $45.99. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 26.55 and a beta of 0.97.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, April 29th. The bank reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.17% and a return on equity of 11.33%. The business had revenue of $279.39 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the firm posted $1.22 earnings per share. On average, equities analysts predict that Heartland Financial USA, Inc. will post 4.5 EPS for the current year.

Heartland Financial USA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Black Maple Capital Management LP purchased a new position in Heartland Financial USA in the first quarter worth approximately $696,000. Stieven Capital Advisors L.P. lifted its stake in Heartland Financial USA by 506.3% in the first quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock worth $13,852,000 after acquiring an additional 329,095 shares during the last quarter. Vanguard Group Inc. lifted its stake in Heartland Financial USA by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,244,151 shares of the bank’s stock worth $114,032,000 after acquiring an additional 11,207 shares during the last quarter. ProShare Advisors LLC lifted its stake in 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 acquiring an additional 598 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Heartland Financial USA by 695.2% in the first quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock worth $99,000 after acquiring an additional 2,454 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

HTLF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $51.00 to $54.00 in a research report on Friday, May 31st. StockNews.com initiated coverage on shares of Heartland Financial USA in a research report on Tuesday, June 25th. They set a “hold” rating for the company. Finally, DA Davidson raised their price objective on shares of Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Company 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.