Heartland Financial USA, Inc. (NASDAQ:HTLF) CFO Purchases $12,496.14 in Stock

Heartland Financial USA, Inc. (NASDAQ:HTLF) CFO Kevin L. Thompson acquired 317 shares of the business’s stock in a transaction on Sunday, June 30th. The shares were bought at an average price of $39.42 per share, with a total value of $12,496.14. Following the completion of the transaction, the chief financial officer now directly owns 317 shares of the company’s stock, valued at $12,496.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Heartland Financial USA Trading Down 1.4 %

Shares of NASDAQ:HTLF opened at $43.89 on Thursday. The business’s 50 day simple moving average is $43.15 and its 200 day simple moving average is $37.94. Heartland Financial USA, Inc. has a 1 year low of $26.44 and a 1 year high of $45.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market capitalization of $1.88 billion, a P/E ratio of 26.44 and a beta of 0.97.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, April 29th. The bank reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. The company had revenue of $279.39 million for the quarter, compared to analyst estimates of $182.73 million. Heartland Financial USA had a return on equity of 11.33% and a net margin of 8.17%. During the same period in the prior year, the firm posted $1.22 EPS. On average, research analysts anticipate that Heartland Financial USA, Inc. will post 4.5 EPS for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 2.73%. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

Institutional Investors Weigh In On Heartland Financial USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new position in shares of Heartland Financial USA in the 4th quarter valued at $26,000. Clarity Asset Management Inc. bought a new position in Heartland Financial USA in the fourth quarter valued at about $50,000. TFO Wealth Partners LLC raised its stake in Heartland Financial USA by 37,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock worth $85,000 after acquiring an additional 2,253 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Heartland Financial USA by 695.2% in the first quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock worth $99,000 after acquiring an additional 2,454 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Heartland Financial USA in the 1st quarter valued at approximately $167,000. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HTLF has been the topic of a number of recent research reports. StockNews.com initiated coverage on Heartland Financial USA in a research note on Wednesday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods raised Heartland Financial USA from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $51.00 to $54.00 in a report on Friday, May 31st. Finally, DA Davidson boosted their target price on shares of Heartland Financial USA from $36.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

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.