New York State Common Retirement Fund Buys 75,924 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)
New York State Common Retirement Fund boosted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Rating) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,924 shares of the bank’s stock after acquiring an additional 75,924 shares during the quarter. New York State Common Retirement Fund owned 1.28% of Heartland Financial USA worth $25,358,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HTLF. Mesirow Institutional Investment Management Inc. bought a new stake in Heartland Financial USA in the 3rd quarter valued at $9,915,000. Vanguard Group Inc. lifted its position in Heartland Financial USA by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 3,028,089 shares of the bank’s stock valued at $144,834,000 after acquiring an additional 187,955 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Heartland Financial USA by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,838,023 shares of the bank’s stock valued at $87,913,000 after acquiring an additional 102,441 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Heartland Financial USA by 5.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,631,656 shares of the bank’s stock valued at $70,748,000 after acquiring an additional 83,504 shares in the last quarter. Finally, State Street Corp lifted its position in Heartland Financial USA by 8.2% in the 1st quarter. State Street Corp now owns 1,103,156 shares of the bank’s stock valued at $52,764,000 after acquiring an additional 83,233 shares in the last quarter. 62.33% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research report on Thursday, March 16th. They issued a “hold” rating on the stock.
Insiders Place Their Bets
In other news, Director Martin J. Schmitz sold 4,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $50.21, for a total transaction of $200,840.00. Following the transaction, the director now directly owns 65,340 shares in the company, valued at approximately $3,280,721.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Martin J. Schmitz sold 4,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $50.21, for a total transaction of $200,840.00. Following the transaction, the director now directly owns 65,340 shares in the company, valued at approximately $3,280,721.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert B. Engel acquired 4,291 shares of the stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of $23.59 per share, for a total transaction of $101,224.69. Following the completion of the purchase, the director now directly owns 23,000 shares in the company, valued at $542,570. The disclosure for this purchase can be found here. Insiders have acquired 11,293 shares of company stock valued at $279,465 in the last three months. 3.80% of the stock is currently owned by corporate insiders.
Heartland Financial USA Trading Down 2.2 %
Shares of NASDAQ:HTLF opened at $35.35 on Friday. The company’s 50-day moving average price is $43.58 and its two-hundred day moving average price is $45.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.64 and a quick ratio of 0.64. Heartland Financial USA, Inc. has a one year low of $35.06 and a one year high of $51.60. The stock has a market capitalization of $1.50 billion, a PE ratio of 7.16 and a beta of 1.05.
Heartland Financial USA (NASDAQ:HTLF – Get Rating) last issued its quarterly earnings results on Monday, January 30th. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.33 by $0.04. Heartland Financial USA had a net margin of 27.27% and a return on equity of 13.35%. The firm had revenue of $234.68 million for the quarter, compared to analysts’ expectations of $188.66 million. During the same period in the previous year, the firm posted $1.12 EPS. On average, equities analysts forecast that Heartland Financial USA, Inc. will post 5.27 EPS for the current fiscal year.
Heartland Financial USA Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 9th. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 3.39%. Heartland Financial USA’s payout ratio is 24.29%.
About Heartland Financial USA
Heartland Financial USA, Inc operates as a bank holding company. The firm provides commercial banking services. It also engages in the business of community banking. The company was founded in 1981 and is headquartered in Denver, CO.
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