Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 58.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,504 shares of the bank’s stock after purchasing an additional 5,706 shares during the quarter. Moors & Cabot Inc.’s holdings in Heartland Financial USA were worth $879,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Heartland Financial USA by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,244,151 shares of the bank’s stock valued at $114,032,000 after buying an additional 11,207 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Heartland Financial USA by 2.1% in the second quarter. Earnest Partners LLC now owns 2,657,168 shares of the bank’s stock valued at $118,111,000 after acquiring an additional 54,030 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Heartland Financial USA by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock valued at $105,999,000 after acquiring an additional 182,245 shares during the period. Magnetar Financial LLC bought a new stake in Heartland Financial USA during the second quarter worth approximately $46,626,000. Finally, Millennium Management LLC lifted its position in Heartland Financial USA by 2,309.0% in the second quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock worth $31,601,000 after purchasing an additional 681,412 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Heartland Financial USA

In other news, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $68.32, for a total value of $1,537,200.00. Following the transaction, the director now directly owns 60,541 shares of the company’s stock, valued at $4,136,161.12. This trade represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Heartland Financial USA Stock Up 2.3 %

HTLF stock opened at $66.30 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 37.04 and a beta of 0.94. Heartland Financial USA, Inc. has a 12 month low of $29.67 and a 12 month high of $69.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $59.43 and a 200 day simple moving average of $51.93.

Heartland Financial USA (NASDAQ:HTLF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The business had revenue of $272.79 million during the quarter, compared to analyst estimates of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same period last year, the company posted $1.12 EPS. Equities research analysts forecast that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.20 annualized dividend and a yield of 1.81%. Heartland Financial USA’s payout ratio is presently 67.04%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Heartland Financial USA in a research report on Saturday, November 16th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.60.

About Heartland Financial USA

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.