Nationwide Fund Advisors lifted its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,537 shares of the bank’s stock after purchasing an additional 1,493 shares during the period. Nationwide Fund Advisors owned 0.20% of Heartland Financial USA worth $2,522,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. 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 valued at $105,000 after acquiring an additional 200 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Heartland Financial USA by 1,973.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,348 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock valued at $162,000 after acquiring an additional 576 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in Heartland Financial USA in the second quarter valued at approximately $183,000. Finally, 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 valued at $222,000 after acquiring an additional 216 shares during the last quarter. 42.41% of the stock is owned by institutional investors and hedge funds.

Shares of Heartland Financial USA, Inc. (NASDAQ HTLF) opened at 49.75 on Friday. Heartland Financial USA, Inc. has a 52-week low of $36.15 and a 52-week high of $52.65. The company has a market capitalization of $1.49 billion, a PE ratio of 16.32 and a beta of 0.67. The company has a 50-day moving average of $46.61 and a 200 day moving average of $46.92.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, July 31st. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm 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%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Analysts predict that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current year.

A number of brokerages have issued reports on HTLF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub cut shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average 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.

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

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