LSV Asset Management cut its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,266 shares of the bank’s stock after selling 3,700 shares during the period. LSV Asset Management owned about 0.48% of Heartland Financial USA worth $6,041,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Chatham Capital Group Inc. purchased a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $871,000. JPMorgan Chase & Co. boosted its position in shares of Heartland Financial USA by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 96,250 shares of the bank’s stock worth $4,533,000 after buying an additional 413 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $401,000. IndexIQ Advisors LLC purchased a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $446,000. Finally, Royce & Associates LP purchased a new stake in shares of Heartland Financial USA in the 2nd quarter worth about $1,130,000. Institutional investors and hedge funds own 42.41% of the company’s stock.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 44.00 on Friday. The firm has a 50-day moving average of $44.77 and a 200-day moving average of $47.09. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.43 and a beta of 0.66. Heartland Financial USA, Inc. has a 12-month low of $35.02 and a 12-month high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The firm 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%. Heartland Financial USA’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Equities research analysts forecast that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, August 9th. Heartland Financial USA’s payout ratio is currently 14.47%.

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Several equities research analysts recently commented on HTLF shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Heartland Financial USA has a consensus rating of “Hold” and an average target price of $52.67.

Heartland Financial USA 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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