High Note Wealth LLC bought a new stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,204 shares of the bank’s stock, valued at approximately $202,000.
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Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Heartland Financial USA by 84.0% in the 1st quarter. JPMorgan Chase & Co. now owns 65,785 shares of the bank’s stock valued at $3,146,000 after buying an additional 30,040 shares during the period. MetLife Investment Management LLC increased its stake in Heartland Financial USA by 41.5% in the 1st quarter. MetLife Investment Management LLC now owns 20,517 shares of the bank’s stock valued at $981,000 after buying an additional 6,014 shares during the period. Great West Life Assurance Co. Can increased its stake in Heartland Financial USA by 24.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,144 shares of the bank’s stock valued at $109,000 after buying an additional 428 shares during the period. Dimensional Fund Advisors LP increased its stake 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 buying an additional 102,441 shares during the period. Finally, Sei Investments Co. increased its stake in Heartland Financial USA by 61.1% in the 1st quarter. Sei Investments Co. now owns 12,890 shares of the bank’s stock valued at $617,000 after buying an additional 4,890 shares during the period. Hedge funds and other institutional investors own 62.33% of the company’s stock.
Heartland Financial USA Price Performance
HTLF stock traded down $0.20 during trading on Friday, hitting $49.74. 55,688 shares of the stock traded hands, compared to its average volume of 154,507. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 10.11 and a beta of 1.07. Heartland Financial USA, Inc. has a one year low of $39.27 and a one year high of $51.95. The company has a 50 day simple moving average of $46.92 and a 200 day simple moving average of $46.56.
Heartland Financial USA (NASDAQ:HTLF – Get Rating) last posted its quarterly earnings data on Monday, January 30th. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.04. The firm had revenue of $234.68 million during the quarter, compared to analysts’ expectations of $188.66 million. Heartland Financial USA had a net margin of 27.27% and a return on equity of 13.24%. During the same quarter last year, the company posted $1.12 EPS. Equities analysts expect that Heartland Financial USA, Inc. will post 5.41 EPS for the current fiscal year.
Heartland Financial USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Friday, February 10th will be given a dividend of $0.30 per share. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, February 9th. This represents a $1.20 annualized dividend and a dividend yield of 2.41%. Heartland Financial USA’s payout ratio is currently 22.67%.
Insider Transactions at Heartland Financial USA
In related news, Director Martin J. Schmitz sold 4,000 shares of Heartland Financial USA stock in a transaction that occurred on 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 owns 65,340 shares of the company’s stock, valued at approximately $3,280,721.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on HTLF shares. DA Davidson raised their target price on shares of Heartland Financial USA to $52.00 in a research note on Friday, November 4th. StockNews.com lowered shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Saturday, January 14th. Keefe, Bruyette & Woods downgraded shares of Heartland Financial USA from an “outperform” rating to a “market perform” rating and set a $54.00 price target for the company. in a report on Monday, December 12th. Finally, Piper Sandler increased their price target on shares of Heartland Financial USA to $55.00 in a report on Friday, November 4th.
Heartland Financial USA Profile
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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