Heartland Financial USA Inc. (NASDAQ:HTLF) Director Kurt Saylor sold 1,506 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $36.07, for a total value of $54,321.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kurt Saylor also recently made the following trade(s):

  • On Monday, September 12th, Kurt Saylor sold 20,994 shares of Heartland Financial USA stock. The shares were sold at an average price of $36.63, for a total value of $769,010.22.
  • On Tuesday, September 6th, Kurt Saylor sold 22,500 shares of Heartland Financial USA stock. The shares were sold at an average price of $36.86, for a total value of $829,350.00.
  • On Tuesday, August 30th, Kurt Saylor sold 13,500 shares of Heartland Financial USA stock. The shares were sold at an average price of $35.35, for a total value of $477,225.00.
  • On Monday, August 29th, Kurt Saylor sold 9,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $35.40, for a total value of $318,600.00.
  • On Wednesday, August 24th, Kurt Saylor sold 2,350 shares of Heartland Financial USA stock. The shares were sold at an average price of $35.32, for a total value of $83,002.00.
  • On Tuesday, August 23rd, Kurt Saylor sold 7,650 shares of Heartland Financial USA stock. The shares were sold at an average price of $35.62, for a total value of $272,493.00.
  • On Monday, August 22nd, Kurt Saylor sold 12,500 shares of Heartland Financial USA stock. The shares were sold at an average price of $35.46, for a total value of $443,250.00.
  • On Wednesday, August 17th, Kurt Saylor sold 2,400 shares of Heartland Financial USA stock. The shares were sold at an average price of $36.06, for a total value of $86,544.00.
  • On Tuesday, August 16th, Kurt Saylor sold 10,100 shares of Heartland Financial USA stock. The shares were sold at an average price of $36.16, for a total value of $365,216.00.
  • On Monday, August 15th, Kurt Saylor sold 10,000 shares of Heartland Financial USA stock. The shares were sold at an average price of $36.25, for a total value of $362,500.00.

Shares of Heartland Financial USA Inc. (NASDAQ:HTLF) opened at 35.98 on Tuesday. The firm’s 50 day moving average price is $36.25 and its 200 day moving average price is $34.24. Heartland Financial USA Inc. has a 52-week low of $25.95 and a 52-week high of $39.45. The stock has a market cap of $883.13 million, a P/E ratio of 11.82 and a beta of 0.70.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.08. Heartland Financial USA had a net margin of 17.14% and a return on equity of 11.50%. The firm earned $104.14 million during the quarter, compared to analyst estimates of $103 million. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. On average, analysts expect that Heartland Financial USA Inc. will post $3.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Heartland Financial USA’s payout ratio is 13.25%.

Several institutional investors have recently added to or reduced their stakes in the stock. Dubuque Bank & Trust Co. raised its position in Heartland Financial USA by 1.4% in the second quarter. Dubuque Bank & Trust Co. now owns 1,718,143 shares of the company’s stock valued at $60,633,000 after buying an additional 24,033 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Heartland Financial USA by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 754,233 shares of the company’s stock valued at $26,615,000 after buying an additional 59,430 shares during the last quarter. Vanguard Group Inc. raised its position in Heartland Financial USA by 6.5% in the second quarter. Vanguard Group Inc. now owns 724,494 shares of the company’s stock valued at $25,568,000 after buying an additional 43,954 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Heartland Financial USA by 5.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 556,496 shares of the company’s stock valued at $19,639,000 after buying an additional 29,386 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Heartland Financial USA by 7.2% in the second quarter. BlackRock Fund Advisors now owns 516,253 shares of the company’s stock valued at $18,219,000 after buying an additional 34,725 shares during the last quarter. Hedge funds and other institutional investors own 41.20% of the company’s stock.

Several equities analysts recently commented on HTLF shares. Sandler O’Neill downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Zacks Investment Research downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Keefe, Bruyette & Woods upped their price objective on Heartland Financial USA from $35.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Finally, DA Davidson upped their price objective on Heartland Financial USA from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $37.50.

About Heartland Financial USA

Heartland Financial USA, Inc (Heartland) is a multi-bank holding company. The Company’s segments include community and other banking, and retail mortgage banking. Its community and other banking segment is engaged in making loans to, and generating deposits from, individuals and businesses in the markets where Heartland has banks.

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