Heartland Financial USA Inc (HTLF) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in Heartland Financial USA Inc (NASDAQ:HTLF) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,762 shares of the bank’s stock after purchasing an additional 17,839 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.48% of Heartland Financial USA worth $8,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its stake in shares of Heartland Financial USA by 5.6% in the 1st quarter. Citigroup Inc. now owns 19,191 shares of the bank’s stock valued at $1,018,000 after purchasing an additional 1,019 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Heartland Financial USA by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 8,617 shares of the bank’s stock valued at $473,000 after purchasing an additional 1,182 shares during the period. Barclays PLC lifted its stake in shares of Heartland Financial USA by 29.9% in the 1st quarter. Barclays PLC now owns 5,194 shares of the bank’s stock valued at $276,000 after purchasing an additional 1,197 shares during the period. Bessemer Group Inc. lifted its stake in shares of Heartland Financial USA by 5.2% in the 2nd quarter. Bessemer Group Inc. now owns 28,100 shares of the bank’s stock valued at $1,541,000 after purchasing an additional 1,400 shares during the period. Finally, Atwood & Palmer Inc. lifted its stake in shares of Heartland Financial USA by 138.6% in the 2nd quarter. Atwood & Palmer Inc. now owns 2,625 shares of the bank’s stock valued at $144,000 after purchasing an additional 1,525 shares during the period. Institutional investors own 51.55% of the company’s stock.

HTLF has been the subject of a number of research analyst reports. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. ValuEngine cut Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Stephens initiated coverage on Heartland Financial USA in a research note on Thursday, June 14th. They issued an “equal weight” rating for the company. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Raymond James cut Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.50.

In other Heartland Financial USA news, Director Kurt Saylor sold 5,000 shares of Heartland Financial USA stock in a transaction on Monday, September 24th. The stock was sold at an average price of $60.72, for a total value of $303,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin J. Schmitz sold 2,802 shares of Heartland Financial USA stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $60.00, for a total value of $168,120.00. Following the completion of the sale, the director now directly owns 68,637 shares of the company’s stock, valued at approximately $4,118,220. The disclosure for this sale can be found here. Insiders have sold 32,833 shares of company stock valued at $1,982,655 in the last quarter. 6.60% of the stock is owned by company insiders.

Shares of NASDAQ:HTLF opened at $58.40 on Thursday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.68 and a beta of 0.73. Heartland Financial USA Inc has a 12-month low of $45.60 and a 12-month high of $61.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.80.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, July 23rd. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.05). The company had revenue of $129.04 million for the quarter, compared to analysts’ expectations of $129.51 million. Heartland Financial USA had a net margin of 16.67% and a return on equity of 9.06%. During the same quarter in the previous year, the firm posted $0.81 EPS. research analysts anticipate that Heartland Financial USA Inc will post 3.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 10th were paid a dividend of $0.14 per share. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.96%. Heartland Financial USA’s payout ratio is presently 18.67%.

Heartland Financial USA Company Profile

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

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

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