Integrated Investment Consultants LLC Takes $257,000 Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)
Integrated Investment Consultants LLC acquired a new stake in Heartland Financial USA, Inc. (NASDAQ:HTLF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,229 shares of the bank’s stock, valued at approximately $257,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Heartland Financial USA by 10.5% in the 1st quarter. BlackRock Inc. now owns 5,628,086 shares of the bank’s stock valued at $215,893,000 after purchasing an additional 537,087 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Heartland Financial USA by 10.1% in the 4th 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 during the last quarter. Vanguard Group Inc. increased its stake in shares of Heartland Financial USA by 6.6% in the 1st 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Heartland Financial USA by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,277,457 shares of the bank’s stock worth $87,362,000 after acquiring an additional 99,372 shares during the last quarter. Finally, Dubuque Bank & Trust Co. increased its stake in shares of Heartland Financial USA by 3.2% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,693,170 shares of the bank’s stock worth $47,189,000 after acquiring an additional 52,133 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.
Heartland Financial USA Stock Performance
Shares of HTLF opened at $29.30 on Thursday. The stock has a 50-day simple moving average of $31.49 and a 200-day simple moving average of $31.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $1.25 billion, a PE ratio of 5.92 and a beta of 1.06. Heartland Financial USA, Inc. has a 1 year low of $26.10 and a 1 year high of $51.60.
Heartland Financial USA (NASDAQ:HTLF – Get Free Report) last announced its quarterly earnings data on Monday, July 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.01). Heartland Financial USA had a net margin of 22.98% and a return on equity of 13.48%. The company had revenue of $179.63 million during the quarter, compared to analysts’ expectations of $181.53 million. On average, analysts predict that Heartland Financial USA, Inc. will post 4.56 earnings per share for the current fiscal year.
Heartland Financial USA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Thursday, August 10th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 24.24%.
Analysts Set New Price Targets
A number of analysts have issued reports on HTLF shares. Stephens reaffirmed an “overweight” rating and issued a $38.00 target price on shares of Heartland Financial USA in a research note on Tuesday, August 1st. StockNews.com began coverage on Heartland Financial USA in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, DA Davidson increased their price target on Heartland Financial USA from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.75.
Check Out Our Latest Research Report on HTLF
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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