Schwab Charles Investment Management Inc. increased its position in Heartland Financial USA Inc (NASDAQ:HTLF) by 13.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,762 shares of the bank’s stock after acquiring an additional 17,839 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Heartland Financial USA were worth $8,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HTLF. Atwood & Palmer Inc. grew its holdings in shares of Heartland Financial USA by 138.6% in the second quarter. Atwood & Palmer Inc. now owns 2,625 shares of the bank’s stock worth $144,000 after acquiring an additional 1,525 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Heartland Financial USA in the second quarter worth $207,000. Amalgamated Bank bought a new stake in shares of Heartland Financial USA in the second quarter worth $219,000. Barclays PLC grew its holdings in shares of Heartland Financial USA by 29.9% in the first quarter. Barclays PLC now owns 5,194 shares of the bank’s stock worth $276,000 after acquiring an additional 1,197 shares during the period. Finally, JNBA Financial Advisors bought a new stake in shares of Heartland Financial USA in the second quarter worth $348,000. 51.55% of the stock is owned by institutional investors.

In other Heartland Financial USA news, Director Martin J. Schmitz sold 5,531 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $60.00, for a total transaction of $331,860.00. Following the completion of the sale, the director now owns 68,637 shares of the company’s stock, valued at $4,118,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin J. Schmitz sold 2,802 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $60.00, for a total value of $168,120.00. Following the sale, the director now directly owns 68,637 shares of the company’s stock, valued at approximately $4,118,220. The disclosure for this sale can be found here. Insiders have sold 32,833 shares of company stock valued at $1,982,655 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

NASDAQ:HTLF opened at $58.40 on Thursday. Heartland Financial USA Inc has a 52-week low of $45.60 and a 52-week high of $61.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.68 and a beta of 0.73.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 10th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 9th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.13. Heartland Financial USA’s payout ratio is currently 18.67%.

HTLF has been the subject of several research analyst reports. BidaskClub lowered Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Raymond James lowered Heartland Financial USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 24th. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Stephens began coverage on Heartland Financial USA in a report on Thursday, June 14th. They set an “equal weight” rating for the company. Finally, Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.50.

About Heartland Financial USA

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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