Royce & Associates LP bought a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,000 shares of the bank’s stock, valued at approximately $1,130,000. Royce & Associates LP owned about 0.09% of Heartland Financial USA as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in shares of Heartland Financial USA by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,815 shares of the bank’s stock worth $180,000 after acquiring an additional 572 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Heartland Financial USA by 1,973.1% during the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock valued at $116,000 after buying an additional 2,348 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Heartland Financial USA by 7.1% during the second quarter. Legal & General Group Plc now owns 5,977 shares of the bank’s stock valued at $282,000 after buying an additional 394 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Heartland Financial USA by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 301,737 shares of the bank’s stock valued at $14,211,000 after buying an additional 22,115 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Heartland Financial USA during the second quarter valued at $744,000. Institutional investors and hedge funds own 42.41% of the company’s stock.

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A number of research analysts have recently weighed in on the company. BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of Heartland Financial USA in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Heartland Financial USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Heartland Financial USA currently has an average rating of “Hold” and a consensus price target of $52.67.

Heartland Financial USA, Inc. (NASDAQ:HTLF) opened at 44.00 on Friday. The stock’s 50 day moving average price is $44.77 and its 200-day moving average price is $47.09. The stock has a market cap of $1.32 billion, a P/E ratio of 14.43 and a beta of 0.66. Heartland Financial USA, Inc. has a one year low of $35.02 and a one year high of $52.65.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The business had revenue of $100.20 million for the quarter, compared to the consensus estimate of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. On average, analysts predict that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, August 9th. Heartland Financial USA’s payout ratio is presently 14.47%.

Heartland Financial USA 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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