BidaskClub lowered shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

HTLF has been the topic of a number of other reports. FBR & Co restated a mkt perform rating and issued a $52.00 price target (up from $50.00) on shares of Heartland Financial USA in a research note on Tuesday, April 25th. Zacks Investment Research upgraded Heartland Financial USA from a sell rating to a hold rating in a research note on Tuesday, June 27th. Finally, DA Davidson cut Heartland Financial USA from a buy rating to a neutral rating in a research note on Tuesday, April 25th.

Shares of Heartland Financial USA (NASDAQ HTLF) traded down 0.54% on Tuesday, reaching $46.20. The company had a trading volume of 54,240 shares. Heartland Financial USA has a 12 month low of $35.02 and a 12 month high of $52.65. The firm has a market capitalization of $1.23 billion, a PE ratio of 15.02 and a beta of 0.66. The firm’s 50 day moving average is $46.87 and its 200 day moving average is $47.73.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 9th. Heartland Financial USA’s dividend payout ratio is presently 14.33%.

In other news, CEO Lynn B. Fuller bought 1,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average price of $44.60 per share, for a total transaction of $44,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Michael Mccoy bought 2,030 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price 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.

Hedge funds have recently bought and sold shares of the company. ClariVest Asset Management LLC boosted its stake in Heartland Financial USA by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock worth $1,049,000 after buying an additional 200 shares during the period. New York State Teachers Retirement System boosted its stake in Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after buying an additional 200 shares during the period. Tudor Investment Corp ET AL boosted its stake in Heartland Financial USA by 5.1% in the first quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after buying an additional 216 shares during the period. Bessemer Group Inc. boosted its stake in Heartland Financial USA by 1.1% in the second quarter. Bessemer Group Inc. now owns 36,000 shares of the bank’s stock worth $1,696,000 after buying an additional 390 shares during the period. Finally, Strs Ohio boosted its stake in Heartland Financial USA by 5.8% in the second quarter. Strs Ohio now owns 7,300 shares of the bank’s stock worth $343,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 40.50% of the company’s stock.

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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