Steele Capital Management Inc. Increases Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Steele Capital Management Inc. increased its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,496 shares of the bank’s stock after buying an additional 250 shares during the quarter. Steele Capital Management Inc.’s holdings in Heartland Financial USA were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HTLF. Charles Schwab Investment Management Inc. lifted its position in Heartland Financial USA by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock worth $82,579,000 after acquiring an additional 53,755 shares during the period. Geode Capital Management LLC lifted its position in Heartland Financial USA by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after acquiring an additional 47,480 shares during the period. Westchester Capital Management LLC lifted its position in Heartland Financial USA by 260.1% during the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock worth $33,049,000 after acquiring an additional 421,000 shares during the period. Slotnik Capital LLC lifted its position in Heartland Financial USA by 14.6% during the 3rd quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock worth $20,045,000 after acquiring an additional 45,000 shares during the period. Finally, Stieven Capital Advisors L.P. lifted its position in Heartland Financial USA by 6.1% during the 4th quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock worth $21,050,000 after acquiring an additional 19,787 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research report on Tuesday, February 11th. They set a “hold” rating for the company.

Insider Activity

In related news, Director Jennifer K. Hopkins sold 5,811 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the transaction, the director now owns 6,963 shares of the company’s stock, valued at approximately $470,420.28. This represents a 45.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the transaction, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at $71,274.40. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Heartland Financial USA Stock Performance

Shares of HTLF stock opened at $64.67 on Tuesday. The stock has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The business has a 50-day simple moving average of $64.08 and a 200-day simple moving average of $60.48. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA, Inc. has a 52-week low of $32.03 and a 52-week high of $70.27.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

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.