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

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

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $64.67 on Friday. The stock 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 debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA has a 12 month low of $32.33 and a 12 month high of $70.27. The stock’s 50 day moving average price is $64.63 and its 200 day moving average price is $62.27.

Heartland Financial USA Announces Dividend

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

Institutional Investors Weigh In On Heartland Financial USA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake 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 purchasing an additional 406 shares during the last quarter. Sterling Capital Management LLC grew its position in Heartland Financial USA by 821.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,336 shares of the bank’s stock worth $82,000 after buying an additional 1,191 shares during the last quarter. USA Financial Formulas increased its holdings in shares of Heartland Financial USA by 90.4% in the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after buying an additional 958 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Heartland Financial USA by 204.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock valued at $198,000 after buying an additional 2,174 shares in the last quarter. Finally, Net Worth Advisory Group acquired a new stake in shares of Heartland Financial USA during the 4th quarter valued at $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.