Stifel Financial Corp boosted its position in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,448 shares of the bank’s stock after buying an additional 67,514 shares during the period. Stifel Financial Corp’s holdings in Heartland Financial USA were worth $12,178,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in Heartland Financial USA by 8.7% during the fourth quarter. BlackRock Inc. now owns 2,252,763 shares of the bank’s stock worth $99,009,000 after buying an additional 180,000 shares in the last quarter. Vanguard Group Inc grew its stake in Heartland Financial USA by 48.6% during the third quarter. Vanguard Group Inc now owns 2,045,793 shares of the bank’s stock worth $118,759,000 after buying an additional 668,960 shares in the last quarter. Vanguard Group Inc. grew its stake in Heartland Financial USA by 48.6% during the third quarter. Vanguard Group Inc. now owns 2,045,793 shares of the bank’s stock worth $118,759,000 after buying an additional 668,960 shares in the last quarter. FMR LLC grew its stake in Heartland Financial USA by 29.4% during the third quarter. FMR LLC now owns 1,764,891 shares of the bank’s stock worth $102,452,000 after buying an additional 401,500 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in Heartland Financial USA by 33.3% during the third quarter. Earnest Partners LLC now owns 1,521,853 shares of the bank’s stock worth $88,344,000 after buying an additional 380,271 shares in the last quarter. Hedge funds and other institutional investors own 55.56% of the company’s stock.
HTLF opened at $46.87 on Friday. Heartland Financial USA Inc has a 1-year low of $41.88 and a 1-year high of $61.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market capitalization of $1.61 billion, a PE ratio of 13.32, a P/E/G ratio of 1.11 and a beta of 0.93.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were paid a $0.16 dividend. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 14th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 18.18%.
In other news, EVP Michael J. Coyle sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $48.57, for a total value of $48,570.00. Following the sale, the executive vice president now directly owns 9,386 shares in the company, valued at approximately $455,878.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.
HTLF has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, BidaskClub downgraded shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. Two equities 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 company’s stock. Heartland Financial USA has a consensus rating of “Hold” and an average price target of $58.00.
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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