Oppenheimer Asset Management Inc. Lowers Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Oppenheimer Asset Management Inc. lessened its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,514 shares of the bank’s stock after selling 569 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.15% of Heartland Financial USA worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. USA Financial Formulas raised its position in Heartland Financial USA by 28.0% in the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock worth $60,000 after buying an additional 232 shares during the last quarter. Innealta Capital LLC purchased a new position in Heartland Financial USA in the 2nd quarter worth about $83,000. SG Americas Securities LLC purchased a new position in Heartland Financial USA in the 3rd quarter worth about $125,000. Blue Trust Inc. raised its position in Heartland Financial USA by 2,193.4% in the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock worth $157,000 after buying an additional 2,654 shares during the last quarter. Finally, First Affirmative Financial Network purchased a new position in Heartland Financial USA in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Trading Down 0.7 %

Heartland Financial USA stock opened at $65.58 on Friday. The business has a 50-day simple moving average of $58.79 and a two-hundred day simple moving average of $51.40. The company has a market cap of $2.81 billion, a P/E ratio of 36.64 and a beta of 0.94. Heartland Financial USA, Inc. has a 52-week low of $29.67 and a 52-week high of $69.91. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. The business 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 period in the previous year, the company posted $1.12 EPS. Analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.83%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Insider Activity at Heartland Financial USA

In related news, Director John K. Schmidt sold 22,500 shares of the business’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 value of $1,537,200.00. Following the transaction, the director now directly owns 60,541 shares of the company’s stock, valued at approximately $4,136,161.12. The trade was a 27.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Heartland Financial USA in a research report on Saturday. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Heartland Financial USA has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Heartland Financial USA 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.