Teacher Retirement System of Texas bought a new stake in Heartland Financial USA Inc (NASDAQ:HTLF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,820 shares of the bank’s stock, valued at approximately $473,000.
A number of other large investors have also recently made changes to their positions in the business. PrairieView Partners LLC acquired a new stake in Heartland Financial USA during the fourth quarter worth about $5,452,000. Maltese Capital Management LLC acquired a new stake in Heartland Financial USA during the fourth quarter worth about $1,878,000. American Century Companies Inc. increased its stake in Heartland Financial USA by 65.2% during the fourth quarter. American Century Companies Inc. now owns 33,140 shares of the bank’s stock worth $1,778,000 after acquiring an additional 13,084 shares during the last quarter. US Bancorp DE increased its stake in Heartland Financial USA by 16.8% during the fourth quarter. US Bancorp DE now owns 33,323 shares of the bank’s stock worth $1,788,000 after acquiring an additional 4,799 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in Heartland Financial USA during the fourth quarter worth about $533,000. Institutional investors own 52.45% of the company’s stock.
Several equities research analysts have commented on the company. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. Zacks Investment Research lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. B. Riley restated a “hold” rating and set a $59.00 price target on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $63.00 price target on shares of Heartland Financial USA in a research note on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $57.00.
In other news, Director Kurt Saylor sold 22,500 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $53.32, for a total value of $1,199,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 67,500 shares of company stock valued at $3,647,025 in the last ninety days. Company insiders own 9.00% of the company’s stock.
Shares of Heartland Financial USA Inc (NASDAQ:HTLF) opened at $55.35 on Friday. Heartland Financial USA Inc has a 1 year low of $42.10 and a 1 year high of $56.40. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1,695.56, a PE ratio of 18.14, a PEG ratio of 1.42 and a beta of 0.72.
Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Heartland Financial USA had a return on equity of 9.64% and a net margin of 16.16%. The company had revenue of $118.38 million during the quarter, compared to the consensus estimate of $116.31 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. research analysts expect that Heartland Financial USA Inc will post 3.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were given a $0.13 dividend. This is an increase from Heartland Financial USA’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. Heartland Financial USA’s dividend payout ratio is presently 19.55%.
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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.
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