Alliancebernstein L.P. Sells 5,956 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Alliancebernstein L.P. decreased its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 719,380 shares of the bank’s stock after selling 5,956 shares during the quarter. Alliancebernstein L.P.’s holdings in Heartland Financial USA were worth $44,102,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HTLF. Vanguard Group Inc. lifted its stake in Heartland Financial USA by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,888 shares of the bank’s stock worth $193,410,000 after acquiring an additional 46,937 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Heartland Financial USA by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after purchasing an additional 145,255 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Heartland Financial USA by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after purchasing an additional 47,480 shares during the period. Norges Bank bought a new position in shares of Heartland Financial USA during the fourth quarter valued at approximately $53,132,000. Finally, Stieven Capital Advisors L.P. increased its holdings in Heartland Financial USA by 6.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock valued at $21,050,000 after buying an additional 19,787 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Performance

Shares of Heartland Financial USA stock opened at $64.67 on Friday. Heartland Financial USA, Inc. has a one year low of $32.97 and a one year high of $70.27. The company has a market capitalization 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 quick ratio of 0.76 and a current ratio of 0.76. The company has a 50-day simple moving average of $64.83 and a two-hundred day simple moving average of $63.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Heartland Financial USA in a research report on Monday, March 31st. They set 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.