Walthausen & Co. LLC Cuts Stake in Heartland Financial USA, Inc. (HTLF)

Walthausen & Co. LLC lessened its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 259,489 shares of the bank’s stock after selling 1,400 shares during the quarter. Walthausen & Co. LLC owned approximately 0.87% of Heartland Financial USA worth $12,819,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HTLF. Teachers Advisors LLC raised its stake in shares of Heartland Financial USA by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 52,350 shares of the bank’s stock worth $2,615,000 after buying an additional 1,076 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Heartland Financial USA by 321.7% during the 1st quarter. Bank of America Corp DE now owns 35,767 shares of the bank’s stock worth $1,786,000 after buying an additional 27,286 shares during the last quarter. Strs Ohio raised its stake in Heartland Financial USA by 5.8% in the 2nd quarter. Strs Ohio now owns 7,300 shares of the bank’s stock valued at $343,000 after purchasing an additional 400 shares during the last quarter. Sei Investments Co. acquired a new position in Heartland Financial USA in the 2nd quarter valued at about $326,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Heartland Financial USA by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after purchasing an additional 11,397 shares during the last quarter. 47.88% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at $50.15 on Tuesday. Heartland Financial USA, Inc. has a one year low of $42.10 and a one year high of $56.40. The firm has a market cap of $1,510.00, a PE ratio of 17.36, a P/E/G ratio of 1.71 and a beta of 0.69. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $115.81 million. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. equities analysts expect that Heartland Financial USA, Inc. will post 3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, November 16th. Heartland Financial USA’s dividend payout ratio (DPR) is 14.86%.

Several research analysts recently weighed in on HTLF shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. B. Riley set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, November 14th. FBR & Co set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub downgraded shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Heartland Financial USA presently has a consensus rating of “Hold” and a consensus price target of $50.33.

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Heartland Financial USA 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.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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