Integrated Investment Consultants LLC Acquires 170 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Integrated Investment Consultants LLC raised its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,702 shares of the bank’s stock after buying an additional 170 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Heartland Financial USA were worth $533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Heartland Financial USA in the 3rd quarter valued at $426,000. Water Island Capital LLC acquired a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $800,000. Dark Forest Capital Management LP acquired a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $601,000. Magnetar Financial LLC acquired a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $46,626,000. Finally, Slotnik Capital LLC acquired a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $13,714,000. Institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Up 1.8 %

Shares of NASDAQ HTLF opened at $65.78 on Friday. The firm’s 50-day simple moving average is $64.80 and its 200 day simple moving average is $58.08. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 36.75 and a beta of 0.98. 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 12-month low of $32.03 and a 12-month high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. The business had revenue of $272.79 million for the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. During the same quarter in the prior year, the company earned $1.12 EPS. On average, research analysts expect that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. Heartland Financial USA’s payout ratio is presently 67.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research note on Friday, January 3rd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.60.

Insider Buying and Selling at Heartland Financial USA

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the transaction, the director now directly owns 60,541 shares in the company, valued at approximately $4,136,161.12. This represents a 27.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jennifer K. Hopkins sold 5,811 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the transaction, the director now owns 6,963 shares in the company, valued at approximately $470,420.28. The trade was a 45.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,743 shares of company stock worth $1,958,839. Company insiders own 1.80% of the company’s stock.

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.