Oppenheimer Asset Management Inc. Invests $401,000 in Heartland Financial USA, Inc. (HTLF) Stock

Oppenheimer Asset Management Inc. bought a new position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,518 shares of the bank’s stock, valued at approximately $401,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTLF. Teachers Advisors LLC increased its holdings in Heartland Financial USA by 5.6% during the fourth quarter. Teachers Advisors LLC now owns 51,274 shares of the bank’s stock worth $2,461,000 after buying an additional 2,725 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Heartland Financial USA by 32.2% during the first quarter. Nationwide Fund Advisors now owns 52,044 shares of the bank’s stock worth $2,600,000 after buying an additional 12,667 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Heartland Financial USA by 24.9% during the first quarter. Wells Fargo & Company MN now owns 138,621 shares of the bank’s stock worth $6,925,000 after buying an additional 27,615 shares during the last quarter. US Bancorp DE increased its holdings in Heartland Financial USA by 81.3% during the first quarter. US Bancorp DE now owns 29,429 shares of the bank’s stock worth $1,470,000 after buying an additional 13,200 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Heartland Financial USA by 48.0% during the first quarter. Bank of New York Mellon Corp now owns 279,622 shares of the bank’s stock worth $13,967,000 after buying an additional 90,679 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. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price objective on shares of Heartland Financial USA in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Heartland Financial USA currently has an average rating of “Hold” and an average target price of $52.67.

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Heartland Financial USA, Inc. (NASDAQ HTLF) opened at 44.00 on Friday. The firm’s 50-day moving average is $44.77 and its 200-day moving average is $47.09. The company has a market capitalization of $1.32 billion, a PE ratio of 14.43 and a beta of 0.66. Heartland Financial USA, Inc. has a 52-week low of $35.02 and a 52-week high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) 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 firm had revenue of $100.20 million during the quarter, compared to analyst estimates of $103.48 million. During the same period last year, the firm posted $0.84 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Heartland Financial USA, Inc. will post $3.02 EPS for the current year.

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

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.

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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