LMR Partners LLP Purchases 45,601 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

LMR Partners LLP lifted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 105.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,856 shares of the bank’s stock after purchasing an additional 45,601 shares during the period. LMR Partners LLP owned about 0.21% of Heartland Financial USA worth $5,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas boosted its holdings in shares of Heartland Financial USA by 28.0% in the 3rd quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock valued at $60,000 after buying an additional 232 shares in the last quarter. Innealta Capital LLC purchased a new stake in Heartland Financial USA in the 2nd quarter worth $83,000. SG Americas Securities LLC purchased a new stake in Heartland Financial USA in the 3rd quarter worth $125,000. Blue Trust Inc. boosted its stake in Heartland Financial USA by 2,193.4% during the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock worth $157,000 after purchasing an additional 2,654 shares during the last quarter. Finally, High Note Wealth LLC acquired a new position in shares of Heartland Financial USA during the 3rd quarter valued at about $238,000. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Saturday. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Heartland Financial USA Stock Performance

Heartland Financial USA stock opened at $65.32 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.76. Heartland Financial USA, Inc. has a one year low of $29.67 and a one year high of $69.91. The stock’s 50 day moving average price is $58.79 and its 200 day moving average price is $51.53. The firm has a market capitalization of $2.80 billion, a PE ratio of 36.49 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The business had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. During the same period in the previous year, the business earned $1.12 EPS. As a group, sell-side analysts expect that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.84%. Heartland Financial USA’s dividend payout ratio is currently 67.04%.

Insiders Place Their Bets

In other news, Director John K. Schmidt sold 22,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $68.32, for a total value of $1,537,200.00. Following the completion of the sale, the director now owns 60,541 shares in the company, valued at $4,136,161.12. This represents a 27.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

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.