American Century Companies Inc. Boosts Stake in Heartland Financial USA, Inc. (NASDAQ:HTLF)
American Century Companies Inc. grew its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF – Free Report) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 284,511 shares of the bank’s stock after buying an additional 32,331 shares during the quarter. American Century Companies Inc. owned 0.67% of Heartland Financial USA worth $10,914,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Heartland Financial USA by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 84,982 shares of the bank’s stock valued at $3,962,000 after buying an additional 5,086 shares in the last quarter. Arizona State Retirement System raised its position in shares of Heartland Financial USA by 2.7% during the 1st quarter. Arizona State Retirement System now owns 12,298 shares of the bank’s stock valued at $472,000 after buying an additional 323 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Heartland Financial USA by 5.0% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 69,360 shares of the bank’s stock valued at $2,661,000 after buying an additional 3,285 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Heartland Financial USA during the 1st quarter valued at $144,000. Finally, Phocas Financial Corp. raised its position in shares of Heartland Financial USA by 1.0% during the 1st quarter. Phocas Financial Corp. now owns 172,414 shares of the bank’s stock valued at $6,614,000 after buying an additional 1,743 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on HTLF shares. TheStreet cut shares of Heartland Financial USA from a “b-” rating to a “c+” rating in a research report on Wednesday, May 10th. DA Davidson lifted their target price on shares of Heartland Financial USA from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Stephens reiterated an “overweight” rating and issued a $38.00 target price on shares of Heartland Financial USA in a research report on Tuesday, August 1st. Finally, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Heartland Financial USA has an average rating of “Hold” and a consensus target price of $42.75.
Check Out Our Latest Analysis on Heartland Financial USA
Heartland Financial USA Price Performance
Shares of NASDAQ:HTLF opened at $32.02 on Friday. The stock has a market cap of $1.37 billion, a PE ratio of 6.47 and a beta of 1.05. Heartland Financial USA, Inc. has a 52 week low of $26.10 and a 52 week high of $51.60. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $31.07 and its 200 day moving average is $34.25.
Heartland Financial USA (NASDAQ:HTLF – Get Free Report) last announced its quarterly earnings results on Monday, July 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). The firm had revenue of $179.63 million during the quarter, compared to the consensus estimate of $181.53 million. Heartland Financial USA had a return on equity of 13.48% and a net margin of 22.98%. Research analysts anticipate that Heartland Financial USA, Inc. will post 4.51 earnings per share for the current year.
Heartland Financial USA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 10th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 24.24%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It also accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement; certificates of deposit; and other time deposits.
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