State Street Corp raised its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,809 shares of the bank’s stock after buying an additional 21,784 shares during the period. State Street Corp’s holdings in Heartland Financial USA were worth $21,122,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its position in Heartland Financial USA by 321.7% in the first quarter. Bank of America Corp DE now owns 35,767 shares of the bank’s stock valued at $1,786,000 after buying an additional 27,286 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Heartland Financial USA by 18.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 132,595 shares of the bank’s stock valued at $6,624,000 after buying an additional 20,592 shares during the last quarter. New York State Teachers Retirement System increased 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 valued at $105,000 after buying an additional 200 shares during the last quarter. Renaissance Technologies LLC increased its position in Heartland Financial USA by 10.3% in the first quarter. Renaissance Technologies LLC now owns 167,700 shares of the bank’s stock valued at $8,377,000 after buying an additional 15,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Heartland Financial USA by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 965,801 shares of the bank’s stock valued at $48,242,000 after buying an additional 86,783 shares during the last quarter. 40.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Heartland Financial USA, Inc. (HTLF) traded down 0.56% during midday trading on Friday, hitting $44.10. The stock had a trading volume of 61,265 shares. The firm has a market capitalization of $1.32 billion, a PE ratio of 14.46 and a beta of 0.65. The company’s 50 day moving average price is $46.55 and its 200-day moving average price is $47.67. Heartland Financial USA, Inc. has a 1-year low of $35.02 and a 1-year high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. Heartland Financial USA had a net margin of 18.38% and a return on equity of 10.48%. The firm had revenue of $100.20 million for the quarter, compared to analysts’ expectations of $103.48 million. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts predict that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.44 annualized dividend and a yield of 1.00%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.47%.

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Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 target price on shares of Heartland Financial USA in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. DA Davidson downgraded shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Finally, FBR & Co reissued a “mkt perform” rating and set a $52.00 target price (up from $50.00) on shares of Heartland Financial USA 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 company’s stock. Heartland Financial USA currently has an average rating of “Hold” and a consensus price target of $52.67.

In other news, Director R Michael Mccoy bought 2,030 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were bought at an average cost of $44.67 per share, with a total value of $90,680.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lynn B. Fuller bought 1,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was purchased at an average cost of $44.60 per share, for a total transaction of $44,600.00. The disclosure for this purchase can be found here. 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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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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