Oddo BHF Asset Management Sas Takes Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Oddo BHF Asset Management Sas bought a new position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 5,338 shares of the bank’s stock, valued at approximately $303,000.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC grew its stake in Heartland Financial USA by 2.1% during the 2nd quarter. Earnest Partners LLC now owns 2,657,168 shares of the bank’s stock valued at $118,111,000 after purchasing an additional 54,030 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Heartland Financial USA by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock worth $105,999,000 after buying an additional 182,245 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Heartland Financial USA by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock worth $82,579,000 after buying an additional 53,755 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Heartland Financial USA in the second quarter valued at $46,626,000. Finally, Geode Capital Management LLC boosted its stake in Heartland Financial USA by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock valued at $58,036,000 after acquiring an additional 47,480 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Stock Performance

Shares of HTLF opened at $66.12 on Friday. The stock has a market capitalization of $2.84 billion, a PE ratio of 36.94 and a beta of 0.97. The business’s fifty day moving average price is $63.28 and its 200 day moving average price is $54.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA, Inc. has a 12-month low of $32.03 and a 12-month high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. The company had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. During the same period last year, the firm posted $1.12 EPS. Equities research analysts forecast that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. Heartland Financial USA’s payout ratio is currently 67.04%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a research report on Tuesday, December 10th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued 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 price target of $45.60.

Insider Activity

In related news, Director John K. Schmidt sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the transaction, the director now owns 60,541 shares in the company, valued at $4,136,161.12. The trade was a 27.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the sale, the executive vice president now directly owns 1,060 shares in the company, valued at $71,274.40. This represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,743 shares of company stock valued at $1,958,839. 1.80% of the stock is currently owned by insiders.

About Heartland Financial USA

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.