Versor Investments LP Acquires 9,982 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Versor Investments LP raised its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,489 shares of the bank’s stock after purchasing an additional 9,982 shares during the period. Heartland Financial USA accounts for approximately 0.7% of Versor Investments LP’s investment portfolio, making the stock its 10th biggest position. Versor Investments LP’s holdings in Heartland Financial USA were worth $4,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HTLF. Magnetar Financial LLC bought a new position in shares of Heartland Financial USA during the second quarter worth about $46,626,000. Millennium Management LLC raised its holdings in Heartland Financial USA by 2,309.0% during the 2nd 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 last quarter. Stieven Capital Advisors L.P. lifted its position in shares of Heartland Financial USA by 506.3% in the 1st quarter. Stieven Capital Advisors L.P. now owns 394,095 shares of the bank’s stock worth $13,852,000 after purchasing an additional 329,095 shares during the period. Slotnik Capital LLC bought a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $13,714,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Heartland Financial USA during the second quarter worth $10,601,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Trading Up 3.3 %

Shares of NASDAQ:HTLF traded up $2.19 during mid-day trading on Monday, hitting $68.59. The company had a trading volume of 19,507 shares, compared to its average volume of 288,992. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. Heartland Financial USA, Inc. has a one year low of $27.69 and a one year high of $68.59. The firm has a fifty day moving average price of $57.58 and a 200 day moving average price of $50.56. The company has a market capitalization of $2.94 billion, a PE ratio of 37.10 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 11.04%. During the same period in the previous year, the firm posted $1.12 earnings per share. As a group, research analysts forecast that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders 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 dividend yield of 1.75%. Heartland Financial USA’s dividend payout ratio is 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a report on Friday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.