Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 37.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 148,054 shares of the bank’s stock after selling 87,514 shares during the period. Thrivent Financial for Lutherans owned about 0.35% of Heartland Financial USA worth $9,076,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC increased its holdings in Heartland Financial USA by 2.0% in the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after purchasing an additional 170 shares during the last quarter. Steele Capital Management Inc. grew its stake in shares of Heartland Financial USA by 2.4% in the fourth quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after acquiring an additional 250 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Heartland Financial USA by 0.7% in the fourth quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock worth $2,534,000 after acquiring an additional 300 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Heartland Financial USA by 4.6% in the fourth quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock worth $419,000 after acquiring an additional 300 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after acquiring an additional 406 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Heartland Financial USA in a research note on Sunday. They issued a “hold” rating for the company.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $64.67 on Friday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a fifty day simple moving average of $64.98 and a two-hundred day simple moving average of $62.47. Heartland Financial USA, Inc. has a 52 week low of $32.97 and a 52 week high of $70.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, January 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Heartland Financial USA’s dividend payout ratio (DPR) is currently 67.04%.

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.