Heartland Financial USA, Inc. (HTLF) Position Boosted by Bessemer Group Inc.
Bessemer Group Inc. boosted its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,000 shares of the bank’s stock after buying an additional 390 shares during the period. Bessemer Group Inc.’s holdings in Heartland Financial USA were worth $1,696,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its position in Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after buying an additional 200 shares in the last quarter. Victory Capital Management Inc. raised its position in Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock worth $162,000 after buying an additional 576 shares in the last quarter. Tudor Investment Corp ET AL raised its position in Heartland Financial USA by 5.1% in the first quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after buying an additional 216 shares in the last quarter. Affinity Investment Advisors LLC purchased a new position in Heartland Financial USA during the first quarter worth approximately $231,000. Finally, Barometer Capital Management Inc. purchased a new position in Heartland Financial USA during the first quarter worth approximately $265,000. 40.51% of the stock is currently owned by institutional investors.
Heartland Financial USA, Inc. (NASDAQ HTLF) opened at 44.10 on Friday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 14.46 and a beta of 0.65. Heartland Financial USA, Inc. has a 52-week low of $35.02 and a 52-week high of $52.65. The stock has a 50 day moving average of $46.55 and a 200-day moving average of $47.67.
Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Monday, July 31st. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $100.20 million during the quarter, compared to the consensus estimate of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, analysts forecast that Heartland Financial USA, Inc. will post $3.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 9th. Heartland Financial USA’s payout ratio is presently 14.47%.
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A number of equities analysts have recently commented on HTLF shares. BidaskClub raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. 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. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research report on Thursday, August 3rd. FBR & Co reissued a “mkt perform” rating and issued 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 lowered shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.67.
In related news, Director R Michael Mccoy acquired 2,030 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $44.67 per share, with a total value of $90,680.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lynn B. Fuller acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was bought at an average cost of $44.60 per share, with a total value of $44,600.00. The disclosure for this purchase can be found here. Corporate insiders own 9.00% of the company’s stock.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.
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