American Century Companies Inc. cut its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 57.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,773 shares of the bank’s stock after selling 68,278 shares during the quarter. American Century Companies Inc. owned about 0.19% of Heartland Financial USA worth $2,391,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ClariVest Asset Management LLC grew its stake in shares of Heartland Financial USA by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock valued at $1,049,000 after buying an additional 200 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of 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 valued at $105,000 after buying an additional 200 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of 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 valued at $222,000 after buying an additional 216 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Heartland Financial USA by 1.1% in the second quarter. Bessemer Group Inc. now owns 36,000 shares of the bank’s stock valued at $1,696,000 after buying an additional 390 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Heartland Financial USA by 7.1% in the second quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock valued at $282,000 after buying an additional 394 shares in the last quarter. Institutional investors own 42.41% of the company’s stock.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 44.45 on Thursday. The stock has a market cap of $1.33 billion, a P/E ratio of 14.58 and a beta of 0.66. The company has a 50-day moving average price of $44.97 and a 200-day moving average price of $47.17. Heartland Financial USA, Inc. has a one year low of $35.02 and a one year high of $52.65.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.99%. Heartland Financial USA’s payout ratio is presently 14.47%.

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A number of research firms have recently issued reports on HTLF. BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. 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. Finally, Zacks Investment Research lowered Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Heartland Financial USA presently has a consensus rating of “Hold” and a consensus price target of $52.67.

Heartland Financial USA Company Profile

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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