Dimensional Fund Advisors LP Boosts Stake in Heartland Financial USA, Inc. (HTLF)

Dimensional Fund Advisors LP boosted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 965,801 shares of the bank’s stock after buying an additional 86,783 shares during the period. Dimensional Fund Advisors LP owned about 3.62% of Heartland Financial USA worth $48,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HTLF. ClariVest Asset Management LLC boosted its stake in shares of Heartland Financial USA by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock valued at $1,049,000 after buying an additional 200 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock valued at $162,000 after buying an additional 576 shares during the last quarter. Comerica Bank boosted its stake in shares of Heartland Financial USA by 12.8% in the fourth quarter. Comerica Bank now owns 6,726 shares of the bank’s stock valued at $317,000 after buying an additional 763 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Heartland Financial USA by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock valued at $487,000 after buying an additional 902 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Heartland Financial USA by 0.8% in the first quarter. Martingale Asset Management L P now owns 120,933 shares of the bank’s stock valued at $6,041,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 45.59% of the company’s stock.

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 46.35 on Tuesday. Heartland Financial USA, Inc. has a one year low of $34.48 and a one year high of $52.65. The firm has a 50-day moving average price of $46.22 and a 200 day moving average price of $47.81. The stock has a market capitalization of $1.24 billion, a PE ratio of 15.07 and a beta of 0.66.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, April 24th. The bank reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. Heartland Financial USA had a return on equity of 10.78% and a net margin of 17.96%. The company had revenue of $106.44 million during the quarter, compared to analysts’ expectations of $100.45 million. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Heartland Financial USA, Inc. will post $2.92 EPS for the current fiscal year.

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Several analysts recently commented on the company. BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 7th. DA Davidson cut Heartland Financial USA from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Finally, FBR & Co restated a “mkt perform” rating and issued a $52.00 target price (up from $50.00) on shares of Heartland Financial USA in a report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating, Heartland Financial USA currently has an average rating of “Hold” and a consensus target price of $46.75.

In other Heartland Financial USA news, Director R Michael Mccoy acquired 2,030 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average price of $44.67 per share, with a total value of $90,680.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn B. Fuller acquired 1,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was acquired at an average cost of $44.60 per share, with a total value of $44,600.00. The disclosure for this purchase can be found here. Insiders own 9.00% of the company’s stock.

Heartland Financial USA Company Profile

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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