Heartland Financial USA (NASDAQ:HTLF) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report released on Wednesday. The brokerage issued a hold rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

HTLF stock opened at $64.67 on Wednesday. The business’s 50-day simple moving average is $64.67 and its 200 day simple moving average is $63.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. Heartland Financial USA has a twelve month low of $32.97 and a twelve month high of $70.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Heartland Financial USA by 77.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after buying an additional 406 shares in the last quarter. Sterling Capital Management LLC raised its stake in Heartland Financial USA by 821.4% during the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock worth $82,000 after acquiring an additional 1,191 shares in the last quarter. USA Financial Formulas lifted its holdings in shares of Heartland Financial USA by 90.4% during the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after acquiring an additional 958 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Heartland Financial USA by 204.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock valued at $198,000 after purchasing an additional 2,174 shares in the last quarter. Finally, Net Worth Advisory Group bought a new stake in shares of Heartland Financial USA in the 4th quarter worth about $200,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

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.