Piermont Capital Management Inc. cut its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 20.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,370 shares of the bank’s stock after selling 8,910 shares during the period. Piermont Capital Management Inc. owned 0.13% of Heartland Financial USA worth $1,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ClariVest Asset Management LLC lifted its holdings in Heartland Financial USA by 1.0% in the 1st quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock worth $1,049,000 after purchasing an additional 200 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Heartland Financial USA by 10.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after purchasing an additional 200 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in Heartland Financial USA by 5.1% in the 1st quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after purchasing an additional 216 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Heartland Financial USA by 1.1% in the 2nd quarter. Bessemer Group Inc. now owns 36,000 shares of the bank’s stock worth $1,696,000 after purchasing an additional 390 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Heartland Financial USA by 7.1% in the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock worth $282,000 after purchasing an additional 394 shares in the last quarter. 42.41% of the stock is currently owned by institutional investors.

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Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 46.50 on Monday. Heartland Financial USA, Inc. has a 1-year low of $35.02 and a 1-year high of $52.65. The company has a market cap of $1.39 billion, a P/E ratio of 15.25 and a beta of 0.66. The firm has a 50-day moving average price of $44.67 and a 200-day moving average price of $46.96.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The business had revenue of $100.20 million for 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 business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. On average, equities analysts expect 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. Stockholders of record on Friday, August 11th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.95%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.47%.

A number of analysts have issued reports on the company. Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Heartland Financial USA currently has a consensus rating of “Hold” and an average target price of $52.67.

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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