Norges Bank Makes New $53.13 Million Investment in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Norges Bank bought a new stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 866,680 shares of the bank’s stock, valued at approximately $53,132,000. Norges Bank owned 2.02% of Heartland Financial USA as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in Heartland Financial USA by 77.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after purchasing an additional 406 shares during the period. USA Financial Formulas grew its stake in shares of Heartland Financial USA by 90.4% during the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock worth $124,000 after acquiring an additional 958 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Heartland Financial USA by 204.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock worth $198,000 after acquiring an additional 2,174 shares during the last quarter. Net Worth Advisory Group bought a new stake in Heartland Financial USA in the 4th quarter valued at about $200,000. Finally, Cibc World Markets Corp purchased a new stake in Heartland Financial USA during the fourth quarter valued at about $243,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research report on Monday, March 31st. They issued a “hold” rating on the stock.

Heartland Financial USA Stock Performance

Shares of HTLF opened at $64.67 on Friday. Heartland Financial USA, Inc. has a 52-week low of $32.97 and a 52-week high of $70.27. The stock’s 50-day simple moving average is $64.83 and its 200 day simple moving average is $63.10. 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 stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

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.