Raymond James Financial Services Advisors Inc. Sells 4,454 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Raymond James Financial Services Advisors Inc. lessened its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 38.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,106 shares of the bank’s stock after selling 4,454 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Heartland Financial USA were worth $267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HTLF. SG Americas Securities LLC bought a new position in shares of Heartland Financial USA in the third quarter worth approximately $232,000. Denali Advisors LLC lifted its stake in shares of Heartland Financial USA by 30.0% in the third quarter. Denali Advisors LLC now owns 144,041 shares of the bank’s stock worth $4,239,000 after buying an additional 33,200 shares in the last quarter. Raymond James & Associates lifted its position in Heartland Financial USA by 1.8% during the third quarter. Raymond James & Associates now owns 20,785 shares of the bank’s stock valued at $612,000 after purchasing an additional 376 shares during the period. Bank of New York Mellon Corp lifted its position in Heartland Financial USA by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 292,015 shares of the bank’s stock valued at $8,594,000 after purchasing an additional 4,217 shares during the period. Finally, Bailard Inc. lifted its position in Heartland Financial USA by 5.9% during the third quarter. Bailard Inc. now owns 23,465 shares of the bank’s stock valued at $691,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Up 0.8 %

Shares of HTLF stock opened at $35.07 on Tuesday. Heartland Financial USA, Inc. has a 12 month low of $26.10 and a 12 month high of $39.39. The stock has a market cap of $1.50 billion, a P/E ratio of 20.75 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $33.79 and a two-hundred day simple moving average of $33.52.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, January 29th. The bank reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.40. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. The business had revenue of $144.09 million during the quarter, compared to analysts’ expectations of $178.60 million. During the same period in the prior year, the company earned $1.37 earnings per share. On average, research analysts expect that Heartland Financial USA, Inc. will post 4.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HTLF shares. Piper Sandler increased their price objective on shares of Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. TheStreet downgraded shares of Heartland Financial USA from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, February 29th. Finally, Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.80.

About Heartland Financial USA

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.