Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Purchased by Chicago Capital Management LLC

Chicago Capital Management LLC boosted its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,902 shares of the bank’s stock after purchasing an additional 13,431 shares during the period. Heartland Financial USA makes up approximately 8.5% of Chicago Capital Management LLC’s portfolio, making the stock its biggest holding. Chicago Capital Management LLC’s holdings in Heartland Financial USA were worth $13,788,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after acquiring an additional 406 shares during the last quarter. USA Financial Formulas lifted its stake in shares of Heartland Financial USA by 90.4% in the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after purchasing an additional 958 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Heartland Financial USA by 204.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after purchasing an additional 2,174 shares during the period. Net Worth Advisory Group acquired a new stake in Heartland Financial USA during the 4th quarter worth approximately $200,000. Finally, HighTower Advisors LLC acquired a new position in Heartland Financial USA during the third quarter valued at approximately $225,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Heartland Financial USA Stock Performance

Shares of NASDAQ:HTLF opened at $64.67 on Wednesday. The business’s 50-day simple moving average is $65.03 and its 200 day simple moving average is $62.68. The company has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Heartland Financial USA, Inc. has a one year low of $32.97 and a one year high of $70.27.

Heartland Financial USA Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.86%. Heartland Financial USA’s payout ratio is currently 67.04%.

Analysts Set New Price Targets

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

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.