Stifel Financial Corp boosted its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 18.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,966 shares of the bank’s stock after purchasing an additional 26,605 shares during the quarter. Stifel Financial Corp owned about 0.57% of Heartland Financial USA worth $8,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. ClariVest Asset Management LLC raised its stake in Heartland Financial USA by 1.0% during the 1st quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock valued at $1,049,000 after purchasing an additional 200 shares during the period. New York State Teachers Retirement System raised its stake in Heartland Financial USA by 10.5% during the 1st quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock valued at $105,000 after purchasing an additional 200 shares during the period. Tudor Investment Corp ET AL raised its stake in Heartland Financial USA by 5.1% during the 1st quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock valued at $222,000 after purchasing an additional 216 shares during the period. Bessemer Group Inc. raised its stake in Heartland Financial USA by 1.1% during the 2nd quarter. Bessemer Group Inc. now owns 36,000 shares of the bank’s stock valued at $1,696,000 after purchasing an additional 390 shares during the period. Finally, Legal & General Group Plc raised its stake in Heartland Financial USA by 7.1% during the 2nd quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock valued at $282,000 after purchasing an additional 394 shares during the period. 42.41% of the stock is currently owned by institutional investors.

Shares of Heartland Financial USA, Inc. (NASDAQ HTLF) opened at 49.45 on Thursday. The company has a market cap of $1.48 billion, a P/E ratio of 16.22 and a beta of 0.67. The firm has a 50-day moving average price of $45.38 and a 200-day moving average price of $46.80. Heartland Financial USA, Inc. has a 1-year low of $36.15 and a 1-year high of $52.65.

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

Several brokerages recently issued reports on HTLF. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 target price on shares of Heartland Financial USA in a research note on Tuesday. BidaskClub raised Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Heartland Financial USA presently has a consensus rating of “Hold” and a consensus target price of $51.50.

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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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