Thrivent Financial for Lutherans Has $64.31 Million Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Thrivent Financial for Lutherans trimmed its stake in Heartland Financial USA, Inc. (NASDAQ:HTLFGet Rating) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,548,152 shares of the bank’s stock after selling 21,224 shares during the period. Thrivent Financial for Lutherans owned about 3.65% of Heartland Financial USA worth $64,310,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HTLF. Point72 Hong Kong Ltd bought a new position in shares of Heartland Financial USA during the first quarter worth about $26,000. Nisa Investment Advisors LLC increased its position in Heartland Financial USA by 178.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 780 shares of the bank’s stock valued at $32,000 after purchasing an additional 500 shares during the period. First Horizon Advisors Inc. bought a new position in Heartland Financial USA during the 2nd quarter worth approximately $66,000. Great West Life Assurance Co. Can lifted its position in shares of Heartland Financial USA by 24.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,144 shares of the bank’s stock worth $109,000 after purchasing an additional 428 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Heartland Financial USA in the 1st quarter valued at $224,000. 64.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Heartland Financial USA to $55.00 in a research note on Friday, November 4th. DA Davidson boosted their price objective on Heartland Financial USA to $52.00 in a research note on Friday, November 4th. Finally, StockNews.com lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Friday, December 2nd.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $46.81 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.24. Heartland Financial USA, Inc. has a twelve month low of $39.27 and a twelve month high of $53.98. The company has a fifty day moving average of $47.65 and a 200-day moving average of $45.17. The firm has a market capitalization of $1.99 billion, a P/E ratio of 9.98 and a beta of 1.06.

Heartland Financial USA (NASDAQ:HTLFGet Rating) last posted its quarterly earnings results on Monday, October 31st. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.02. The firm had revenue of $185.06 million during the quarter, compared to the consensus estimate of $183.57 million. Heartland Financial USA had a net margin of 27.90% and a return on equity of 11.88%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 earnings per share. As a group, sell-side analysts anticipate that Heartland Financial USA, Inc. will post 4.78 EPS for the current year.

Heartland Financial USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th were issued a $0.28 dividend. The ex-dividend date was Thursday, November 10th. This represents a $1.12 annualized dividend and a yield of 2.39%. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.27. Heartland Financial USA’s dividend payout ratio is presently 23.88%.

About Heartland Financial USA

(Get Rating)

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, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.

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

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