Bank of New York Mellon Corp lifted its stake in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,724 shares of the bank’s stock after purchasing an additional 11,597 shares during the quarter. Bank of New York Mellon Corp owned 0.70% of Heartland Financial USA worth $11,997,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in shares of Heartland Financial USA by 5.6% during the 1st quarter. Citigroup Inc. now owns 19,191 shares of the bank’s stock valued at $1,018,000 after purchasing an additional 1,019 shares during the period. Victory Capital Management Inc. raised its stake in shares of Heartland Financial USA by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 8,617 shares of the bank’s stock valued at $473,000 after purchasing an additional 1,182 shares during the period. Barclays PLC raised its stake in shares of Heartland Financial USA by 29.9% during the 1st quarter. Barclays PLC now owns 5,194 shares of the bank’s stock valued at $276,000 after purchasing an additional 1,197 shares during the period. Bessemer Group Inc. raised its stake in shares of Heartland Financial USA by 5.2% during the 2nd quarter. Bessemer Group Inc. now owns 28,100 shares of the bank’s stock valued at $1,541,000 after purchasing an additional 1,400 shares during the period. Finally, Atwood & Palmer Inc. raised its stake in shares of Heartland Financial USA by 138.6% during the 2nd quarter. Atwood & Palmer Inc. now owns 2,625 shares of the bank’s stock valued at $144,000 after purchasing an additional 1,525 shares during the period. Institutional investors own 51.56% of the company’s stock.

A number of research firms recently issued reports on HTLF. Zacks Investment Research upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Stephens began coverage on Heartland Financial USA in a research note on Thursday, June 14th. They set an “equal weight” rating on the stock. ValuEngine lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Raymond James lowered Heartland Financial USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Heartland Financial USA currently has a consensus rating of “Hold” and an average price target of $56.50.

Shares of NASDAQ HTLF opened at $61.05 on Monday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.80 and a current ratio of 0.80. Heartland Financial USA Inc has a twelve month low of $45.60 and a twelve month high of $61.95.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, July 23rd. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The business had revenue of $129.04 million during the quarter, compared to the consensus estimate of $129.51 million. Heartland Financial USA had a return on equity of 9.06% and a net margin of 16.67%. During the same quarter in the prior year, the company earned $0.81 earnings per share. research analysts forecast that Heartland Financial USA Inc will post 3.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 10th were paid a $0.14 dividend. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, August 9th. Heartland Financial USA’s dividend payout ratio is currently 18.67%.

In other Heartland Financial USA news, EVP Andrew E. Townsend sold 1,500 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $60.65, for a total value of $90,975.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Martin J. Schmitz sold 2,802 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $60.00, for a total value of $168,120.00. Following the completion of the transaction, the director now owns 68,637 shares in the company, valued at $4,118,220. The disclosure for this sale can be found here. Insiders sold a total of 27,833 shares of company stock worth $1,679,055 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Heartland Financial USA Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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

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