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

Analysts at StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued on Saturday. The firm set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Performance

Heartland Financial USA stock opened at $64.67 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. The stock’s 50 day moving average is $64.56 and its 200 day moving average is $62.20. Heartland Financial USA has a twelve month low of $32.33 and a twelve month high of $70.27.

Institutional Trading of Heartland Financial USA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC grew its stake in shares of 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 buying an additional 170 shares during the last quarter. Summit Investment Advisors Inc. lifted its position 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 valued at $272,000 after acquiring an additional 233 shares in the last quarter. Steele Capital Management Inc. lifted its position 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 valued at $643,000 after acquiring an additional 250 shares in the last quarter. Wolverine Asset Management LLC lifted its position 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 valued at $2,534,000 after acquiring an additional 300 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Heartland Financial USA by 4.6% in the 4th quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock valued at $419,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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.