Heartland Financial USA Inc (NASDAQ:HTLF) Director Barry H. Orr sold 13,000 shares of Heartland Financial USA stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $48.13, for a total transaction of $625,690.00. Following the completion of the sale, the director now owns 244,018 shares of the company’s stock, valued at approximately $11,744,586.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
HTLF stock opened at $47.99 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. Heartland Financial USA Inc has a 12 month low of $40.80 and a 12 month high of $55.74. The firm has a market cap of $1.76 billion, a P/E ratio of 13.63 and a beta of 0.98. The company’s 50-day moving average price is $45.55 and its two-hundred day moving average price is $44.57.
Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, October 28th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Heartland Financial USA had a net margin of 23.03% and a return on equity of 10.20%. The firm had revenue of $140.72 million for the quarter, compared to analyst estimates of $137.57 million. During the same period last year, the firm earned $0.97 EPS. Equities analysts predict that Heartland Financial USA Inc will post 4.1 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.50%. The ex-dividend date is Thursday, November 14th. Heartland Financial USA’s dividend payout ratio is currently 20.45%.
Several analysts have weighed in on the stock. ValuEngine upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Piper Jaffray Companies decreased their target price on shares of Heartland Financial USA from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, Zacks Investment Research lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Thursday, October 24th.
Hedge funds have recently added to or reduced their stakes in the business. Gradient Investments LLC bought a new position in Heartland Financial USA in the 2nd quarter valued at about $29,000. Price T Rowe Associates Inc. MD increased its holdings in Heartland Financial USA by 20.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 18,112 shares of the bank’s stock valued at $810,000 after buying an additional 3,128 shares during the period. ETRADE Capital Management LLC increased its holdings in Heartland Financial USA by 3.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 12,898 shares of the bank’s stock valued at $577,000 after buying an additional 417 shares during the period. Prudential Financial Inc. grew its holdings in shares of Heartland Financial USA by 2.7% during the 2nd quarter. Prudential Financial Inc. now owns 161,344 shares of the bank’s stock valued at $7,217,000 after purchasing an additional 4,310 shares during the last quarter. Finally, Dubuque Bank & Trust Co. grew its holdings in shares of Heartland Financial USA by 0.4% during the 3rd quarter. Dubuque Bank & Trust Co. now owns 1,658,879 shares of the bank’s stock valued at $74,218,000 after purchasing an additional 6,239 shares during the last quarter. 50.88% of the stock is currently owned by hedge funds and other institutional investors.
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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