JPMorgan Chase & Co. decreased its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 36.3% during the first quarter, Holdings Channel reports. The institutional investor owned 95,837 shares of the bank’s stock after selling 54,567 shares during the period. JPMorgan Chase & Co.’s holdings in Heartland Financial USA were worth $4,787,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Tudor Investment Corp Et Al bought a new stake in Heartland Financial USA during the fourth quarter worth $203,000. Affinity Investment Advisors LLC bought a new stake in Heartland Financial USA during the first quarter worth $231,000. Barometer Capital Management Inc. bought a new stake in Heartland Financial USA during the first quarter worth $265,000. 1st Global Advisors Inc. bought a new stake in Heartland Financial USA during the first quarter worth $304,000. Finally, Comerica Bank increased its stake in Heartland Financial USA by 12.8% in the fourth quarter. Comerica Bank now owns 6,726 shares of the bank’s stock worth $317,000 after buying an additional 763 shares during the last quarter. Institutional investors own 45.62% of the company’s stock.

Shares of Heartland Financial USA, Inc. (NASDAQ HTLF) opened at 47.40 on Thursday. The firm has a market cap of $1.26 billion, a P/E ratio of 15.41 and a beta of 0.66. The stock’s 50 day moving average is $46.22 and its 200-day moving average is $47.81. Heartland Financial USA, Inc. has a 52-week low of $33.50 and a 52-week high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, April 24th. The bank reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. Heartland Financial USA had a return on equity of 10.78% and a net margin of 17.96%. The company had revenue of $106.44 million during the quarter, compared to analyst estimates of $100.45 million. During the same period in the previous year, the company earned $0.82 earnings per share. Equities analysts anticipate that Heartland Financial USA, Inc. will post $2.92 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on HTLF. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. FBR & Co reissued a “mkt perform” rating and set a $52.00 price target (up previously from $50.00) on shares of Heartland Financial USA in a research report on Tuesday, April 25th. Finally, DA Davidson downgraded shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating, Heartland Financial USA presently has a consensus rating of “Hold” and an average target price of $46.75.

In other news, Director R Michael Mccoy bought 2,030 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost of $44.67 per share, for a total transaction of $90,680.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lynn B. Fuller bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average price of $44.60 per share, with a total value of $44,600.00. The disclosure for this purchase can be found here. 9.00% of the stock is owned by insiders.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.

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

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