Versor Investments LP Has $3.27 Million Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Versor Investments LP boosted its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 781.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,507 shares of the bank’s stock after buying an additional 65,168 shares during the quarter. Heartland Financial USA makes up about 0.6% of Versor Investments LP’s portfolio, making the stock its 15th biggest position. Versor Investments LP owned about 0.17% of Heartland Financial USA worth $3,267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HTLF. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 11,207 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Heartland Financial USA by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,043,545 shares of the bank’s stock worth $76,860,000 after buying an additional 62,177 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Heartland Financial USA by 7.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,927 shares of the bank’s stock worth $18,012,000 after buying an additional 32,044 shares during the last quarter. Stieven Capital Advisors L.P. boosted its stake in shares of Heartland Financial USA by 506.3% during the 1st quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock worth $13,852,000 after buying an additional 329,095 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Heartland Financial USA in the 4th quarter valued at about $11,502,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

HTLF has been the subject of several recent research reports. StockNews.com started coverage on Heartland Financial USA in a research report on Wednesday, August 28th. They set a “hold” rating for the company. Keefe, Bruyette & Woods upgraded shares of Heartland Financial USA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $51.00 to $54.00 in a research note on Friday, May 31st. Two equities research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Insider Transactions at Heartland Financial USA

In other news, EVP Lo B. Nestman sold 4,389 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.14, for a total transaction of $220,064.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Lo B. Nestman sold 4,389 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert B. Engel sold 5,928 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $25.20, for a total value of $149,385.60. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at $277,200. The disclosure for this sale can be found here. Insiders sold a total of 10,318 shares of company stock worth $369,475 over the last quarter. Company insiders own 1.80% of the company’s stock.

Heartland Financial USA Stock Performance

HTLF traded up $0.42 during trading hours on Monday, reaching $55.76. The company’s stock had a trading volume of 162,600 shares, compared to its average volume of 312,164. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 0.77. The company’s 50-day moving average is $49.88 and its 200-day moving average is $42.23. Heartland Financial USA, Inc. has a 52 week low of $26.44 and a 52 week high of $56.75. The firm has a market cap of $2.39 billion, a PE ratio of 33.59 and a beta of 0.96.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $188.92 million for the quarter, compared to analyst estimates of $183.19 million. Heartland Financial USA had a net margin of 7.12% and a return on equity of 11.11%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. On average, equities analysts forecast that Heartland Financial USA, Inc. will post 4.72 EPS for the current year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.20 annualized dividend and a yield of 2.15%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 72.29%.

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.