Dupont Capital Management Corp Invests $234,000 in Heartland Financial USA, Inc. (NASDAQ:HTLF)
Dupont Capital Management Corp bought a new position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,390 shares of the bank’s stock, valued at approximately $234,000.
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Several other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE raised its position in shares of Heartland Financial USA by 3.5% during the 3rd quarter. US Bancorp DE now owns 16,045 shares of the bank’s stock worth $696,000 after acquiring an additional 537 shares in the last quarter. Truist Financial Corp raised its position in shares of Heartland Financial USA by 13.1% during the 3rd quarter. Truist Financial Corp now owns 8,679 shares of the bank’s stock worth $376,000 after acquiring an additional 1,003 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Heartland Financial USA during the 3rd quarter worth about $31,000. Denali Advisors LLC grew its stake in Heartland Financial USA by 107.1% during the 3rd quarter. Denali Advisors LLC now owns 59,513 shares of the bank’s stock worth $2,580,000 after buying an additional 30,780 shares during the last quarter. Finally, Ziegler Capital Management LLC grew its stake in Heartland Financial USA by 5.3% during the 3rd quarter. Ziegler Capital Management LLC now owns 36,712 shares of the bank’s stock worth $1,592,000 after buying an additional 1,850 shares during the last quarter. Institutional investors and hedge funds own 62.33% of the company’s stock.
Heartland Financial USA Trading Up 0.1 %
Shares of HTLF stock opened at $47.11 on Tuesday. The business’s 50 day moving average is $47.53 and its two-hundred day moving average is $45.85. Heartland Financial USA, Inc. has a twelve month low of $39.27 and a twelve month high of $53.98. The company has a market capitalization of $2.00 billion, a P/E ratio of 10.04 and a beta of 1.05. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.24.
Heartland Financial USA (NASDAQ:HTLF – Get Rating) last announced its earnings results on Monday, October 31st. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. Heartland Financial USA had a return on equity of 11.88% and a net margin of 27.90%. The company had revenue of $185.06 million for the quarter, compared to the consensus estimate of $183.57 million. During the same period last year, the business posted $1.31 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that Heartland Financial USA, Inc. will post 4.78 EPS for the current year.
Heartland Financial USA Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Investors of record on Monday, November 14th were paid a $0.28 dividend. The ex-dividend date was Thursday, November 10th. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.38%. Heartland Financial USA’s payout ratio is 23.88%.
Analyst Ratings Changes
A number of research firms recently issued reports on HTLF. StockNews.com downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods downgraded Heartland Financial USA from an “outperform” rating to a “market perform” rating and set a $54.00 price target on the stock. in a research note on Monday, December 12th. Piper Sandler raised their price target on Heartland Financial USA to $55.00 in a research note on Friday, November 4th. Finally, DA Davidson raised their price target on Heartland Financial USA to $52.00 in a research note on Friday, November 4th.
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 accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.
See Also
Want to see what other hedge funds are holding HTLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Rating).
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