StockNews.com Initiates Coverage on Heartland Financial USA (NASDAQ:HTLF)

Investment analysts at StockNews.com initiated coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Price Performance

NASDAQ HTLF opened at $64.67 on Friday. The business’s fifty day moving average price is $64.56 and its 200-day moving average price is $62.20. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA has a 1-year low of $32.33 and a 1-year high of $70.27.

Hedge Funds Weigh In On Heartland Financial USA

A number of institutional investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC raised its holdings in Heartland Financial USA by 2.0% in the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after purchasing an additional 170 shares during the period. Summit Investment Advisors Inc. raised its holdings in Heartland Financial USA by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,436 shares of the bank’s stock worth $272,000 after purchasing an additional 233 shares during the period. Steele Capital Management Inc. raised its holdings in Heartland Financial USA by 2.4% in the 4th quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after purchasing an additional 250 shares during the period. Wolverine Asset Management LLC raised its holdings in Heartland Financial USA by 0.7% in the 4th quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock worth $2,534,000 after purchasing an additional 300 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Heartland Financial USA by 4.6% in the 4th quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock worth $419,000 after purchasing an additional 300 shares during the period. 71.55% of the stock is owned by institutional investors.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.