Heartland Financial USA, Inc. (NASDAQ:HTLF) Director John K. Schmidt Sells 22,500 Shares

Heartland Financial USA, Inc. (NASDAQ:HTLF) Director John K. Schmidt sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the transaction, the director now directly owns 60,541 shares in the company, valued at $4,136,161.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Heartland Financial USA Stock Performance

Heartland Financial USA stock opened at $66.42 on Thursday. Heartland Financial USA, Inc. has a 1-year low of $29.38 and a 1-year high of $69.91. The firm’s 50 day simple moving average is $58.31 and its 200 day simple moving average is $51.13. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.85 billion, a PE ratio of 37.11 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same quarter in the previous year, the company posted $1.12 earnings per share. As a group, analysts expect that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, November 12th. Heartland Financial USA’s payout ratio is 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Heartland Financial USA in a report on Friday, November 8th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Heartland Financial USA currently has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Heartland Financial USA by 67.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,827 shares of the bank’s stock valued at $1,189,000 after acquiring an additional 12,795 shares during the period. Water Island Capital LLC bought a new position in shares of Heartland Financial USA during the 2nd quarter valued at approximately $800,000. Dark Forest Capital Management LP bought a new stake in Heartland Financial USA during the second quarter worth approximately $601,000. Magnetar Financial LLC bought a new stake in Heartland Financial USA in the second quarter worth $46,626,000. Finally, Slotnik Capital LLC bought a new position in Heartland Financial USA during the 2nd quarter valued at about $13,714,000. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Company Profile

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.