GSA Capital Partners LLP Acquires New Position in Heartland Financial USA Inc (HTLF)
GSA Capital Partners LLP acquired a new stake in shares of Heartland Financial USA Inc (NASDAQ:HTLF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,112 shares of the bank’s stock, valued at approximately $444,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Teton Advisors Inc. grew its stake in Heartland Financial USA by 8.9% during the 4th quarter. Teton Advisors Inc. now owns 4,900 shares of the bank’s stock valued at $215,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. grew its stake in Heartland Financial USA by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 13,247 shares of the bank’s stock valued at $582,000 after purchasing an additional 517 shares in the last quarter. Citigroup Inc. grew its position in shares of Heartland Financial USA by 4.5% in the 4th quarter. Citigroup Inc. now owns 17,651 shares of the bank’s stock worth $776,000 after acquiring an additional 761 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Heartland Financial USA by 1.8% in the 3rd quarter. Teachers Advisors LLC now owns 63,279 shares of the bank’s stock worth $3,673,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of Heartland Financial USA in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.
Several research analysts have recently commented on HTLF shares. BidaskClub lowered Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. ValuEngine lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.00.
Shares of HTLF opened at $46.87 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of 13.32, a PEG ratio of 1.11 and a beta of 0.93. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.21. Heartland Financial USA Inc has a 52 week low of $41.88 and a 52 week high of $61.95.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, January 28th. The bank reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.08). The firm had revenue of $137.30 million during the quarter, compared to analyst estimates of $139.99 million. Heartland Financial USA had a return on equity of 9.53% and a net margin of 20.35%. Heartland Financial USA’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Equities analysts expect that Heartland Financial USA Inc will post 4.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a $0.16 dividend. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, February 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.37%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 18.18%.
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About Heartland Financial USA
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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