State Board of Administration of Florida Retirement System Holds Stake in Heartland Financial USA, Inc. (NASDAQ:HTLF)

State Board of Administration of Florida Retirement System held its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,204 shares of the bank’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Heartland Financial USA were worth $310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HTLF. Russell Investments Group Ltd. bought a new position in Heartland Financial USA during the fourth quarter valued at $2,126,000. Comerica Bank boosted its position in Heartland Financial USA by 12.8% in the fourth quarter. Comerica Bank now owns 6,726 shares of the bank’s stock valued at $317,000 after buying an additional 763 shares during the last quarter. State Street Corp boosted its position in Heartland Financial USA by 10.3% in the fourth quarter. State Street Corp now owns 401,025 shares of the bank’s stock valued at $19,248,000 after buying an additional 37,315 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Heartland Financial USA by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 879,018 shares of the bank’s stock valued at $42,193,000 after buying an additional 66,526 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Heartland Financial USA by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 152,000 shares of the bank’s stock valued at $7,296,000 after buying an additional 12,100 shares during the last quarter. 40.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Heartland Financial USA, Inc. (NASDAQ HTLF) traded down 0.54% during mid-day trading on Friday, reaching $46.20. 54,240 shares of the company traded hands. Heartland Financial USA, Inc. has a 52 week low of $35.02 and a 52 week high of $52.65. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.02 and a beta of 0.66. The firm has a 50-day moving average price of $46.87 and a 200 day moving average price of $47.73.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 9th. Heartland Financial USA’s dividend payout ratio is presently 14.33%.

TRADEMARK VIOLATION WARNING: “State Board of Administration of Florida Retirement System Holds Stake in Heartland Financial USA, Inc. (NASDAQ:HTLF)” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/30/state-board-of-administration-of-florida-retirement-system-has-310000-stake-in-heartland-financial-usa-inc-nasdaqhtlf-updated-updated-updated.html.

HTLF has been the subject of several research reports. Zacks Investment Research raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, April 5th. FBR & Co restated a “mkt perform” rating and set a $52.00 target price (up from $50.00) on shares of Heartland Financial USA in a research report on Tuesday, April 25th. DA Davidson lowered shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Finally, BidaskClub lowered shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.

In other Heartland Financial USA news, CEO Lynn B. Fuller purchased 1,000 shares of Heartland Financial USA stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $44.60 per share, with a total value of $44,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Michael Mccoy purchased 2,030 shares of Heartland Financial USA stock in a transaction on Tuesday, May 30th. The shares were acquired at an average cost of $44.67 per share, with a total value of $90,680.10. The disclosure for this purchase can be found here. Company insiders own 9.00% of the company’s stock.

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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