Heartland Financial USA, Inc. (NASDAQ:HTLF) Stock Holdings Decreased by JNBA Financial Advisors

JNBA Financial Advisors lessened its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 47.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,351 shares of the bank’s stock after selling 3,000 shares during the quarter. JNBA Financial Advisors’ holdings in Heartland Financial USA were worth $190,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. USA Financial Formulas boosted its holdings in shares of Heartland Financial USA by 28.0% during the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock worth $60,000 after buying an additional 232 shares during the period. Innealta Capital LLC bought a new stake in Heartland Financial USA in the 2nd quarter valued at $83,000. Meeder Asset Management Inc. boosted its holdings in Heartland Financial USA by 695.2% in the 1st quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock valued at $99,000 after purchasing an additional 2,454 shares during the period. SG Americas Securities LLC acquired a new position in shares of Heartland Financial USA in the 3rd quarter valued at $125,000. Finally, Blue Trust Inc. raised its stake in shares of Heartland Financial USA by 2,193.4% in the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after buying an additional 2,654 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research note on Thursday, October 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Trading Up 13.8 %

Shares of Heartland Financial USA stock opened at $68.41 on Thursday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 38.22 and a beta of 0.94. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $57.15 and a 200 day simple moving average of $50.03. Heartland Financial USA, Inc. has a 12-month low of $27.69 and a 12-month high of $68.43.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $272.79 million during the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 11.04%. During the same quarter last year, the company posted $1.12 EPS. Research analysts expect that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, November 12th. Heartland Financial USA’s payout ratio is presently 67.04%.

Insider Buying and Selling at Heartland Financial USA

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Heartland Financial USA Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.