PNC Financial Services Group Inc. trimmed its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,751 shares of the bank’s stock after selling 2 shares during the period. PNC Financial Services Group Inc.’s holdings in Heartland Financial USA were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTLF. New York State Teachers Retirement System increased its holdings in Heartland Financial USA by 10.5% during 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. BNP Paribas Arbitrage SA increased its holdings in Heartland Financial USA by 1,973.1% during the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock worth $116,000 after buying an additional 2,348 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Heartland Financial USA by 21.6% during 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. Pittenger & Anderson Inc. acquired a new position in Heartland Financial USA during the second quarter worth $183,000. Finally, Tudor Investment Corp ET AL increased its holdings in Heartland Financial USA by 5.1% during 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. Institutional investors and hedge funds own 42.41% of the company’s stock.

A number of equities analysts recently weighed in on HTLF shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of Heartland Financial USA in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Heartland Financial USA currently has a consensus rating of “Hold” and an average price target of $51.50.

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Heartland Financial USA, Inc. (HTLF) opened at 49.90 on Tuesday. Heartland Financial USA, Inc. has a 12-month low of $36.15 and a 12-month high of $52.65. The firm has a 50 day moving average of $46.66 and a 200 day moving average of $46.89. The firm has a market capitalization of $1.49 billion, a P/E ratio of 16.37 and a beta of 0.67.

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

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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