Heartland Financial USA (NASDAQ:HTLF) Earns Hold Rating from Analysts at StockNews.com

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

Heartland Financial USA Trading Down 2.2%

Shares of Heartland Financial USA stock opened at $64.67 on Friday. Heartland Financial USA has a 1 year low of $41.69 and a 1 year high of $70.27. The firm has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50 day simple moving average of $64.67 and a two-hundred day simple moving average of $64.60.

Institutional Investors Weigh In On Heartland Financial USA

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in Heartland Financial USA by 77.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after buying an additional 406 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Heartland Financial USA by 821.4% in the 4th quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock worth $82,000 after purchasing an additional 1,191 shares in the last quarter. USA Financial Formulas grew its position 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 worth $124,000 after buying an additional 958 shares during the period. Steward Partners Investment Advisory LLC grew its position 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 worth $198,000 after buying an additional 2,174 shares during the period. Finally, Net Worth Advisory Group purchased a new stake in shares of Heartland Financial USA in the 4th quarter worth about $200,000. 71.55% of the stock is currently owned by institutional investors.

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.