Sii Investments Inc. WI maintained its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,962 shares of the bank’s stock at the end of the second quarter. Sii Investments Inc. WI’s holdings in Heartland Financial USA were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of HTLF. Bank of New York Mellon Corp lifted its stake in shares of Heartland Financial USA by 48.0% in the 1st quarter. Bank of New York Mellon Corp now owns 279,622 shares of the bank’s stock valued at $13,967,000 after purchasing an additional 90,679 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Heartland Financial USA by 21.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock valued at $162,000 after purchasing an additional 576 shares during the period. American International Group Inc. lifted its stake in shares of Heartland Financial USA by 10.6% in the 1st quarter. American International Group Inc. now owns 13,959 shares of the bank’s stock valued at $697,000 after purchasing an additional 1,333 shares during the period. AXA lifted its stake in shares of Heartland Financial USA by 93.8% in the 1st quarter. AXA now owns 18,800 shares of the bank’s stock valued at $939,000 after purchasing an additional 9,100 shares during the period. Finally, Credit Agricole S A acquired a new position in shares of Heartland Financial USA in the 1st quarter valued at $4,196,000. 42.41% of the stock is currently owned by institutional investors.

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Heartland Financial USA, Inc. (NASDAQ:HTLF) traded up 0.70% on Friday, hitting $50.25. The stock had a trading volume of 13,265 shares. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.48 and a beta of 0.67. The company’s 50 day moving average is $45.52 and its 200-day moving average is $46.82. Heartland Financial USA, Inc. has a 1-year low of $36.15 and a 1-year high of $52.65.

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

A number of research firms have recently weighed in on HTLF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research note on Tuesday. BidaskClub raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Heartland Financial USA has an average rating of “Hold” and a consensus price target of $51.50.

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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