Chatham Capital Group Inc. boosted its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 42.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,560 shares of the bank’s stock after acquiring an additional 7,875 shares during the quarter. Chatham Capital Group Inc. owned 0.09% of Heartland Financial USA worth $1,409,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC bought a new position in Heartland Financial USA in the fourth quarter valued at $182,000. Eqis Capital Management Inc. bought a new position in Heartland Financial USA in the fourth quarter valued at $216,000. Xact Kapitalforvaltning AB bought a new position in Heartland Financial USA in the fourth quarter valued at $222,000. Cornerstone Capital Management Holdings LLC. bought a new position in Heartland Financial USA in the fourth quarter valued at $241,000. Finally, Creative Planning bought a new position in Heartland Financial USA in the fourth quarter valued at $260,000. 52.46% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Kelly J. Johnson sold 2,026 shares of the firm’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $53.05, for a total transaction of $107,479.30. Following the transaction, the executive vice president now directly owns 6,038 shares of the company’s stock, valued at $320,315.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kurt Saylor sold 22,500 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $53.21, for a total value of $1,197,225.00. The disclosure for this sale can be found here. Insiders have sold 102,026 shares of company stock worth $5,514,379 over the last ninety days. Insiders own 6.60% of the company’s stock.
A number of research analysts recently commented on the company. BidaskClub cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Saturday, April 28th. Piper Jaffray reissued a “buy” rating on shares of Heartland Financial USA in a research note on Friday, April 6th. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. Finally, B. Riley reissued a “hold” rating and issued a $59.00 target price on shares of Heartland Financial USA in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Heartland Financial USA has an average rating of “Hold” and an average target price of $56.50.
Shares of Heartland Financial USA opened at $55.30 on Friday, Marketbeat reports. Heartland Financial USA, Inc. has a 12-month low of $54.10 and a 12-month high of $54.45. The stock has a market cap of $1.69 billion, a PE ratio of 18.48, a P/E/G ratio of 1.49 and a beta of 0.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, April 30th. The bank reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.09). Heartland Financial USA had a net margin of 16.60% and a return on equity of 9.50%. The company had revenue of $116.30 million for the quarter, compared to the consensus estimate of $116.17 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. analysts anticipate that Heartland Financial USA, Inc. will post 3.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.94%. Heartland Financial USA’s dividend payout ratio (DPR) is currently 17.33%.
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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