Mesirow Institutional Investment Management Inc. Raises Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)
Mesirow Institutional Investment Management Inc. boosted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF – Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,880 shares of the bank’s stock after buying an additional 5,250 shares during the quarter. Mesirow Institutional Investment Management Inc. owned approximately 0.42% of Heartland Financial USA worth $6,900,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HTLF. Point72 Hong Kong Ltd acquired a new stake in Heartland Financial USA in the 1st quarter valued at about $26,000. City State Bank raised its holdings in Heartland Financial USA by 433.3% in the 1st quarter. City State Bank now owns 800 shares of the bank’s stock valued at $31,000 after acquiring an additional 650 shares during the last quarter. Affiance Financial LLC acquired a new stake in Heartland Financial USA in the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. raised its holdings in Heartland Financial USA by 46.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,031 shares of the bank’s stock valued at $48,000 after acquiring an additional 329 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Heartland Financial USA by 60.2% in the 4th quarter. Lazard Asset Management LLC now owns 1,634 shares of the bank’s stock valued at $76,000 after acquiring an additional 614 shares during the last quarter. Institutional investors and hedge funds own 69.07% of the company’s stock.
Heartland Financial USA Trading Up 0.9 %
Heartland Financial USA stock traded up $0.26 during trading on Monday, hitting $30.21. The company had a trading volume of 25,698 shares, compared to its average volume of 199,733. Heartland Financial USA, Inc. has a 1-year low of $26.10 and a 1-year high of $51.60. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The company’s 50 day simple moving average is $29.09 and its 200-day simple moving average is $37.98. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 5.98 and a beta of 1.03.
Heartland Financial USA (NASDAQ:HTLF – Get Free Report) last posted its earnings results 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). Heartland Financial USA had a net margin of 25.38% and a return on equity of 13.72%. The company had revenue of $246.98 million during the quarter, compared to analyst estimates of $191.42 million. During the same quarter last year, the business posted $1.16 EPS. As a group, analysts expect that Heartland Financial USA, Inc. will post 4.77 EPS for the current fiscal year.
Heartland Financial USA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were given a $0.30 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.20 annualized dividend and a yield of 3.97%. Heartland Financial USA’s dividend payout ratio is presently 23.95%.
Insider Buying and Selling at Heartland Financial USA
In other Heartland Financial USA news, CEO Bruce K. Lee purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was bought at an average price of $27.55 per share, with a total value of $137,750.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of Heartland Financial USA from a “b-” rating to a “c+” rating in a report on Wednesday, May 10th. StockNews.com assumed coverage on shares of Heartland Financial USA in a report on Thursday, May 18th. They set a “hold” rating for the company. DA Davidson cut their price target on shares of Heartland Financial USA from $41.00 to $38.00 in a report on Wednesday, April 26th. Finally, Piper Sandler cut their price target on shares of Heartland Financial USA from $49.00 to $44.00 in a report on Tuesday, April 25th.
About Heartland Financial USA
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.
Further Reading
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