Bank of Montreal Can cut its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 15.1% during the second quarter, Holdings Channel reports. The institutional investor owned 44,055 shares of the bank’s stock after selling 7,838 shares during the period. Bank of Montreal Can’s holdings in Heartland Financial USA were worth $2,075,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Heartland Financial USA by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 51,274 shares of the bank’s stock worth $2,461,000 after buying an additional 2,725 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in shares of Heartland Financial USA during the first quarter worth approximately $265,000. Nationwide Fund Advisors increased its position in shares of Heartland Financial USA by 32.2% in the first quarter. Nationwide Fund Advisors now owns 52,044 shares of the bank’s stock worth $2,600,000 after buying an additional 12,667 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Heartland Financial USA during the first quarter worth approximately $1,136,000. Finally, Wells Fargo & Company MN increased its position in shares of Heartland Financial USA by 24.9% in the first quarter. Wells Fargo & Company MN now owns 138,621 shares of the bank’s stock worth $6,925,000 after buying an additional 27,615 shares in the last quarter. Institutional investors and hedge funds own 40.51% of the company’s stock.

Shares of Heartland Financial USA, Inc. (HTLF) traded down 0.56% during trading on Friday, reaching $44.10. 61,265 shares of the company’s stock were exchanged. Heartland Financial USA, Inc. has a 12-month low of $35.02 and a 12-month high of $52.65. The company has a market capitalization of $1.32 billion, a P/E ratio of 14.46 and a beta of 0.65. The stock has a 50-day moving average price of $46.55 and a 200 day moving average price of $47.67.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $100.20 million for the quarter, compared to analyst estimates of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. Heartland Financial USA’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Equities analysts expect that Heartland Financial USA, Inc. will post $3.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 9th. Heartland Financial USA’s dividend payout ratio is currently 14.47%.

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A number of equities analysts have commented on HTLF shares. FBR & Co reiterated a “mkt perform” rating and issued a $52.00 target price (up from $50.00) on shares of Heartland Financial USA in a report on Tuesday, April 25th. DA Davidson downgraded shares of Heartland Financial USA from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Zacks Investment Research downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Heartland Financial USA in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Heartland Financial USA has an average rating of “Hold” and a consensus price target of $52.67.

In related news, CEO Lynn B. Fuller purchased 1,000 shares of Heartland Financial USA stock in a transaction on Friday, June 2nd. The shares were bought at an average price of $44.60 per share, with a total value of $44,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director R Michael Mccoy purchased 2,030 shares of Heartland Financial USA stock in a transaction on Tuesday, May 30th. The stock was bought at an average cost of $44.67 per share, for a total transaction of $90,680.10. The disclosure for this purchase can be found here. 9.00% of the stock is owned by company insiders.

Heartland Financial USA Company 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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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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