Schwab Charles Investment Management Inc. boosted its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 18.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,595 shares of the bank’s stock after buying an additional 20,592 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Heartland Financial USA were worth $6,624,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HTLF. Virginia Retirement Systems ET AL purchased a new position in shares of Heartland Financial USA during the first quarter valued at approximately $549,000. 1st Global Advisors Inc. purchased a new position in shares of Heartland Financial USA during the first quarter valued at approximately $304,000. PNC Financial Services Group Inc. increased its position in shares of Heartland Financial USA by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock valued at $487,000 after buying an additional 902 shares during the period. Bank of Montreal Can increased its position in shares of Heartland Financial USA by 5.9% in the first quarter. Bank of Montreal Can now owns 51,893 shares of the bank’s stock valued at $2,591,000 after buying an additional 2,873 shares during the period. Finally, US Bancorp DE increased its position in shares of Heartland Financial USA by 81.3% in the first quarter. US Bancorp DE now owns 29,429 shares of the bank’s stock valued at $1,470,000 after buying an additional 13,200 shares during the period. 40.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) traded up 0.43% during trading on Friday, hitting $46.90. 12,611 shares of the stock traded hands. Heartland Financial USA, Inc. has a 12 month low of $35.02 and a 12 month high of $52.65. The firm’s 50-day moving average price is $46.81 and its 200-day moving average price is $47.74. The stock has a market cap of $1.25 billion, a PE ratio of 15.38 and a beta of 0.65.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Heartland Financial USA had a net margin of 18.38% and a return on equity of 10.71%. The firm had revenue of $100.20 million during the quarter, compared to analysts’ expectations of $103.48 million. During the same period in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Analysts anticipate that Heartland Financial USA, Inc. will post $2.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.94%. Heartland Financial USA’s dividend payout ratio is presently 14.47%.

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Several equities analysts have recently commented on HTLF shares. FBR & Co reaffirmed a “mkt perform” rating and set a $52.00 price objective (up from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th. DA Davidson downgraded shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a research note on Thursday. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.67.

In other news, CEO Lynn B. Fuller purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average cost of $44.60 per share, with a total value of $44,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R Michael Mccoy purchased 2,030 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $44.67 per share, with a total value of $90,680.10. The disclosure for this purchase can be found here. 9.00% of the stock is currently owned by insiders.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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