Atwood & Palmer Inc. Sells 1,470 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Atwood & Palmer Inc. lessened its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLFFree Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,639 shares of the bank’s stock after selling 1,470 shares during the period. Atwood & Palmer Inc.’s holdings in Heartland Financial USA were worth $775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Integrated Investment Consultants LLC boosted its stake in Heartland Financial USA by 2.0% during the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after acquiring an additional 170 shares in the last quarter. USA Financial Formulas increased its holdings in shares of Heartland Financial USA by 28.0% during the third quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock valued at $60,000 after acquiring an additional 232 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Heartland Financial USA by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 245 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in 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 buying an additional 984 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Heartland Financial USA by 9.3% in the third quarter. Captrust Financial Advisors now owns 14,576 shares of the bank’s stock worth $826,000 after buying an additional 1,240 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $65.78 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.82 billion, a PE ratio of 36.75 and a beta of 0.98. The firm’s 50 day moving average price is $64.73 and its 200-day moving average price is $58.34. Heartland Financial USA, Inc. has a twelve month low of $32.03 and a twelve month high of $70.27.

Heartland Financial USA (NASDAQ:HTLFGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate 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 period last year, the firm earned $1.12 earnings per share. Equities research analysts expect that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, January 14th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, January 14th. This represents a $1.20 annualized dividend and a yield of 1.82%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Insider Buying and Selling at Heartland Financial USA

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $68.32, for a total value of $1,537,200.00. Following the completion of the sale, the director now owns 60,541 shares in the company, valued at approximately $4,136,161.12. This represents a 27.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark A. Frank sold 432 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the transaction, the executive vice president now owns 1,060 shares in the company, valued at $71,274.40. The trade was a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,743 shares of company stock valued at $1,958,839. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a report on Friday, January 3rd. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Check Out Our Latest Stock Report on HTLF

Heartland Financial USA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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