StockNews.com Initiates Coverage on Heartland Financial USA (NASDAQ:HTLF)

StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report report published on Friday morning. The firm issued a hold rating on the bank’s stock.

Heartland Financial USA Price Performance

Shares of HTLF stock opened at $64.67 on Friday. Heartland Financial USA has a twelve month low of $32.33 and a twelve month high of $70.27. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The stock has a fifty day simple moving average of $64.23 and a two-hundred day simple moving average of $61.86. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, January 14th. Heartland Financial USA’s dividend payout ratio (DPR) is currently 67.04%.

Institutional Investors Weigh In On Heartland Financial USA

A number of hedge funds have recently made changes to their positions in HTLF. Norges Bank purchased a new stake in shares of Heartland Financial USA during the 4th quarter worth $53,132,000. Westchester Capital Management LLC lifted its stake in shares of Heartland Financial USA by 72.7% during the 4th quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock worth $61,727,000 after purchasing an additional 424,011 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Heartland Financial USA by 99.4% during the 4th quarter. Squarepoint Ops LLC now owns 314,348 shares of the bank’s stock worth $19,271,000 after purchasing an additional 156,699 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Heartland Financial USA by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after purchasing an additional 145,255 shares during the last quarter. Finally, Credit Industriel ET Commercial purchased a new stake in Heartland Financial USA in the fourth quarter valued at about $4,904,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

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.