Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 327,297 shares of the bank’s stock after selling 1,156 shares during the period. New York State Common Retirement Fund owned approximately 0.76% of Heartland Financial USA worth $20,065,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Heartland Financial USA during the 3rd quarter valued at approximately $125,000. Blue Trust Inc. grew its position in Heartland Financial USA by 2,193.4% during the third quarter. Blue Trust Inc. now owns 2,775 shares of the bank’s stock valued at $157,000 after buying an additional 2,654 shares during the period. Assenagon Asset Management S.A. purchased a new position in Heartland Financial USA in the third quarter valued at $11,404,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Heartland Financial USA by 12.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,744 shares of the bank’s stock worth $1,330,000 after acquiring an additional 2,612 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Heartland Financial USA by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock worth $1,756,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Heartland Financial USA in a research note on Wednesday. They issued a “hold” rating for the company.

Insider Buying and Selling

In related news, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA 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 sale, the director now directly owns 6,963 shares in the company, valued at approximately $470,420.28. The trade was a 45.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Heartland Financial USA Price Performance

Heartland Financial USA stock opened at $64.67 on Friday. The stock has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The company’s fifty day moving average price is $63.89 and its 200 day moving average price is $60.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Heartland Financial USA, Inc. has a 1 year low of $32.03 and a 1 year high of $70.27.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Heartland Financial USA’s dividend payout ratio is currently 67.04%.

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.