Mark A. Frank Sells 432 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) EVP Mark A. Frank sold 432 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total transaction of $29,047.68. Following the completion of the sale, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at $71,274.40. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Heartland Financial USA Price Performance

Shares of HTLF opened at $67.96 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $2.91 billion, a PE ratio of 37.91 and a beta of 0.94. The firm’s 50 day moving average price is $60.13 and its 200 day moving average price is $52.49. Heartland Financial USA, Inc. has a twelve month low of $29.67 and a twelve month high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. The business had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. During the same quarter last year, the firm earned $1.12 EPS. As a group, research analysts expect that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, November 12th. Heartland Financial USA’s dividend payout ratio is 67.04%.

Institutional Investors Weigh In On Heartland Financial USA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas raised its position in shares of Heartland Financial USA by 28.0% in the third quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock valued at $60,000 after purchasing an additional 232 shares during the period. Arizona State Retirement System lifted its position in Heartland Financial USA by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 11,378 shares of the bank’s stock worth $506,000 after acquiring an additional 240 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Heartland Financial USA by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after acquiring an additional 245 shares during the period. ProShare Advisors LLC grew its position in shares of Heartland Financial USA by 8.5% in the first quarter. ProShare Advisors LLC now owns 7,600 shares of the bank’s stock valued at $267,000 after purchasing an additional 598 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Heartland Financial USA by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,119 shares of the bank’s stock worth $983,000 after purchasing an additional 984 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a research report on Sunday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.