Russell Investments Group Ltd. Takes $634,000 Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)
Russell Investments Group Ltd. acquired a new stake in Heartland Financial USA, Inc. (NASDAQ:HTLF – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,600 shares of the bank’s stock, valued at approximately $634,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its stake in shares of Heartland Financial USA by 153.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 25,181 shares of the bank’s stock valued at $1,174,000 after purchasing an additional 15,236 shares during the period. Arizona State Retirement System raised its holdings in Heartland Financial USA by 4.0% in the fourth quarter. Arizona State Retirement System now owns 11,975 shares of the bank’s stock valued at $558,000 after acquiring an additional 461 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Heartland Financial USA by 10.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 7,106 shares of the bank’s stock valued at $331,000 after acquiring an additional 680 shares in the last quarter. Edge Capital Group LLC acquired a new stake in Heartland Financial USA in the fourth quarter valued at approximately $222,000. Finally, LPL Financial LLC acquired a new stake in Heartland Financial USA in the fourth quarter valued at approximately $213,000. Hedge funds and other institutional investors own 62.33% of the company’s stock.
Insider Activity
In other Heartland Financial USA news, Director Robert B. Engel bought 4,291 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $23.59 per share, with a total value of $101,224.69. Following the acquisition, the director now directly owns 23,000 shares of the company’s stock, valued at approximately $542,570. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Heartland Financial USA news, CEO Bruce K. Lee bought 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $27.55 per share, with a total value of $137,750.00. Following the acquisition, the chief executive officer now directly owns 70,039 shares of the company’s stock, valued at approximately $1,929,574.45. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert B. Engel acquired 4,291 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average price of $23.59 per share, for a total transaction of $101,224.69. Following the completion of the transaction, the director now owns 23,000 shares in the company, valued at $542,570. The disclosure for this purchase can be found here. Insiders have acquired 16,293 shares of company stock valued at $417,215 in the last ninety days. 3.80% of the stock is currently owned by company insiders.
Heartland Financial USA Stock Up 0.9 %
HTLF stock opened at $28.47 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. Heartland Financial USA, Inc. has a twelve month low of $26.10 and a twelve month high of $51.60. The company’s 50 day moving average is $33.34 and its two-hundred day moving average is $42.51. The stock has a market cap of $1.21 billion, a P/E ratio of 5.68 and a beta of 1.04.
Heartland Financial USA (NASDAQ:HTLF – Get Rating) last released its quarterly earnings data on Monday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.13). The company had revenue of $246.98 million for the quarter, compared to analyst estimates of $191.42 million. Heartland Financial USA had a return on equity of 13.72% and a net margin of 25.38%. During the same period in the previous year, the business posted $1.16 EPS. Research analysts expect that Heartland Financial USA, Inc. will post 4.84 earnings per share for the current fiscal year.
Heartland Financial USA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.21%. Heartland Financial USA’s payout ratio is 23.95%.
Analyst Ratings Changes
HTLF has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Heartland Financial USA in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Piper Sandler reduced their target price on shares of Heartland Financial USA from $49.00 to $44.00 in a report on Tuesday, April 25th. TheStreet cut shares of Heartland Financial USA from a “b-” rating to a “c+” rating in a report on Wednesday, May 10th. Finally, DA Davidson cut their price objective on shares of Heartland Financial USA from $41.00 to $38.00 in a report on Wednesday, April 26th.
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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