Assenagon Asset Management S.A. Makes New $1.65 Million Investment in Heartland Financial USA, Inc. (NASDAQ:HTLF)
Assenagon Asset Management S.A. purchased a new position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,087 shares of the bank’s stock, valued at approximately $1,653,000. Assenagon Asset Management S.A. owned 0.10% of Heartland Financial USA as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Heartland Financial USA by 1.1% in the third quarter. BlackRock Inc. now owns 4,577,043 shares of the bank’s stock worth $198,461,000 after acquiring an additional 47,729 shares in the last quarter. Earnest Partners LLC increased its position in shares of Heartland Financial USA by 10.1% in the fourth quarter. Earnest Partners LLC now owns 3,078,796 shares of the bank’s stock worth $143,533,000 after acquiring an additional 283,005 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Heartland Financial USA by 6.6% in the first quarter. Vanguard Group Inc. now owns 3,028,089 shares of the bank’s stock worth $144,834,000 after acquiring an additional 187,955 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Heartland Financial USA by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,178,085 shares of the bank’s stock worth $101,542,000 after acquiring an additional 124,180 shares in the last quarter. Finally, Dubuque Bank & Trust Co. increased its position in shares of Heartland Financial USA by 0.9% in the fourth quarter. Dubuque Bank & Trust Co. now owns 1,655,980 shares of the bank’s stock worth $77,201,000 after acquiring an additional 15,446 shares in the last quarter. Hedge funds and other institutional investors own 69.07% of the company’s stock.
Analyst Ratings Changes
HTLF has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Heartland Financial USA from $49.00 to $44.00 in a report on Tuesday, April 25th. StockNews.com initiated coverage on shares of Heartland Financial USA in a report on Thursday, May 18th. They set a “hold” rating for the company. DA Davidson lowered their price target on shares of Heartland Financial USA from $41.00 to $38.00 in a report on Wednesday, April 26th. Finally, TheStreet lowered shares of Heartland Financial USA from a “b-” rating to a “c+” rating in a report on Wednesday, May 10th.
Heartland Financial USA Trading Up 3.0 %
Heartland Financial USA stock opened at $29.32 on Friday. The firm’s 50-day moving average is $29.14 and its 200-day moving average is $38.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. Heartland Financial USA, Inc. has a 1 year low of $26.10 and a 1 year high of $51.60. The company has a market cap of $1.25 billion, a P/E ratio of 5.85 and a beta of 1.03.
Heartland Financial USA (NASDAQ:HTLF – Free Report) last issued its quarterly earnings data on Monday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.13). The firm had revenue of $246.98 million during the quarter, compared to the consensus estimate of $191.42 million. Heartland Financial USA had a net margin of 25.38% and a return on equity of 13.72%. During the same quarter in the prior year, the business earned $1.16 earnings per share. On average, equities analysts expect that Heartland Financial USA, Inc. will post 4.77 earnings per share for the current year.
Heartland Financial USA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.20 annualized dividend and a yield of 4.09%. Heartland Financial USA’s dividend payout ratio is presently 23.95%.
Insider Activity at Heartland Financial USA
In other news, CEO Bruce K. Lee acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average cost of $27.55 per share, for a total transaction of $137,750.00. Following the transaction, the chief executive officer now directly owns 70,039 shares in the company, valued at approximately $1,929,574.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.
Heartland Financial USA 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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