Vanguard Group Inc Grows Position in Heartland Financial USA Inc (HTLF)
Vanguard Group Inc lifted its holdings in Heartland Financial USA Inc (NASDAQ:HTLF) by 48.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,045,793 shares of the bank’s stock after acquiring an additional 668,960 shares during the period. Vanguard Group Inc owned approximately 5.93% of Heartland Financial USA worth $118,759,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in HTLF. Bank of New York Mellon Corp grew its stake in shares of Heartland Financial USA by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 218,724 shares of the bank’s stock valued at $11,997,000 after acquiring an additional 11,597 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Heartland Financial USA by 13.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 147,762 shares of the bank’s stock valued at $8,105,000 after acquiring an additional 17,839 shares in the last quarter. BlackRock Inc. grew its stake in shares of Heartland Financial USA by 26.8% in the second quarter. BlackRock Inc. now owns 1,994,517 shares of the bank’s stock valued at $109,398,000 after acquiring an additional 421,481 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Heartland Financial USA by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,161,372 shares of the bank’s stock valued at $63,702,000 after acquiring an additional 19,309 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Heartland Financial USA by 23.7% in the second quarter. FMR LLC now owns 1,363,391 shares of the bank’s stock valued at $74,782,000 after acquiring an additional 260,870 shares in the last quarter. Institutional investors and hedge funds own 55.29% of the company’s stock.
Several equities analysts recently commented on HTLF shares. ValuEngine downgraded shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. BidaskClub downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.00.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The firm had revenue of $140.44 million for the quarter, compared to the consensus estimate of $138.73 million. Heartland Financial USA had a net margin of 17.94% and a return on equity of 9.52%. During the same period in the prior year, the company posted $0.72 earnings per share. On average, analysts predict that Heartland Financial USA Inc will post 3.59 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 21st were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 20th. This represents a yield of 1.12%. Heartland Financial USA’s payout ratio is 18.67%.
In other news, Director R Michael Mccoy acquired 2,015 shares of Heartland Financial USA stock in a transaction on Wednesday, December 12th. The shares were purchased at an average cost of $49.41 per share, for a total transaction of $99,561.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kurt Saylor sold 2,514 shares of the stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $50.27, for a total transaction of $126,378.78. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $1,350,896 over the last quarter. Corporate insiders own 6.60% of the company’s stock.
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Heartland Financial USA Company Profile
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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