Balyasny Asset Management L.P. Sells 297,108 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Balyasny Asset Management L.P. lessened its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 35.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 534,503 shares of the bank’s stock after selling 297,108 shares during the period. Balyasny Asset Management L.P.’s holdings in Heartland Financial USA were worth $32,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Heartland Financial USA by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,888 shares of the bank’s stock worth $193,410,000 after purchasing an additional 46,937 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Heartland Financial USA by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after buying an additional 145,255 shares in the last quarter. Westchester Capital Management LLC lifted its holdings in Heartland Financial USA by 72.7% in the fourth quarter. Westchester Capital Management LLC now owns 1,006,891 shares of the bank’s stock worth $61,727,000 after buying an additional 424,011 shares during the period. Norges Bank bought a new stake in Heartland Financial USA during the 4th quarter valued at approximately $53,132,000. Finally, Bank of America Corp DE grew its holdings in shares of Heartland Financial USA by 1.2% during the 4th quarter. Bank of America Corp DE now owns 461,222 shares of the bank’s stock worth $28,275,000 after acquiring an additional 5,654 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Heartland Financial USA in a research report on Friday. They set a “hold” rating on the stock.

Heartland Financial USA Stock Down 2.2 %

Shares of Heartland Financial USA stock opened at $64.67 on Tuesday. Heartland Financial USA, Inc. 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 price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a 50-day moving average of $64.67 and a 200 day moving average of $64.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

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.