Heartland Financial USA (NASDAQ:HTLF) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

Shares of NASDAQ:HTLF opened at $64.67 on Friday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $65.02 and a 200-day moving average price of $62.60. Heartland Financial USA has a 52-week low of $32.97 and a 52-week high of $70.27.

Institutional Trading of Heartland Financial USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in Heartland Financial USA by 77.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after acquiring an additional 406 shares during the period. Sterling Capital Management LLC grew its stake in shares of Heartland Financial USA by 821.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock worth $82,000 after acquiring an additional 1,191 shares during the last quarter. USA Financial Formulas increased its holdings in shares of Heartland Financial USA by 90.4% during the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after acquiring an additional 958 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Heartland Financial USA by 204.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after purchasing an additional 2,174 shares during the last quarter. Finally, Net Worth Advisory Group bought a new position in Heartland Financial USA in the 4th quarter worth about $200,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

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.