Strs Ohio increased its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,300 shares of the bank’s stock after buying an additional 400 shares during the period. Strs Ohio’s holdings in Heartland Financial USA were worth $343,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HTLF. ClariVest Asset Management LLC boosted its stake in Heartland Financial USA by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock worth $1,049,000 after buying an additional 200 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after buying an additional 200 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in Heartland Financial USA by 5.1% in the first quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after buying an additional 216 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock worth $162,000 after buying an additional 576 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in 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 worth $487,000 after buying an additional 902 shares during the last quarter. Institutional investors own 42.41% of the company’s stock.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 44.70 on Thursday. Heartland Financial USA, Inc. has a one year low of $35.02 and a one year high of $52.65. The stock’s 50 day moving average price is $45.89 and its 200-day moving average price is $47.48. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.66 and a beta of 0.65.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The firm had revenue of $100.20 million for the quarter, compared to the consensus estimate of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, equities research analysts anticipate that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, August 9th. Heartland Financial USA’s payout ratio is presently 14.47%.

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A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a research note on Thursday, August 3rd. BidaskClub cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.67.

In related news, CEO Lynn B. Fuller bought 1,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were 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. 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.

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

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