Prudential Financial Inc. lessened its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,135 shares of the bank’s stock after selling 20,820 shares during the quarter. Prudential Financial Inc. owned approximately 1.15% of Heartland Financial USA worth $14,513,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HTLF. New York State Teachers Retirement System raised its stake in shares of Heartland Financial USA by 10.5% during the 1st 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 during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Heartland Financial USA by 1,973.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock worth $116,000 after buying an additional 2,348 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Heartland Financial USA by 21.6% during the 1st quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock worth $162,000 after buying an additional 576 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Heartland Financial USA by 5.1% during the 1st 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 during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Heartland Financial USA by 7.1% during the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock worth $282,000 after buying an additional 394 shares during the last quarter. 42.41% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 42.65 on Friday. Heartland Financial USA, Inc. has a 1-year low of $35.02 and a 1-year high of $52.65. The firm has a market cap of $1.28 billion, a P/E ratio of 13.99 and a beta of 0.66. The stock’s 50 day moving average price is $45.12 and its 200 day moving average price is $47.31.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.44 annualized dividend and a yield of 1.03%. Heartland Financial USA’s dividend payout ratio is currently 14.47%.

HTLF has been the subject of several research reports. BidaskClub downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.67.

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About Heartland Financial USA

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.

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

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