First Trust Advisors LP Has $3.41 Million Stake in Heartland Financial USA, Inc. (HTLF)

First Trust Advisors LP lowered its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,106 shares of the bank’s stock after selling 3,605 shares during the period. First Trust Advisors LP owned 0.23% of Heartland Financial USA worth $3,414,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP bought a new stake in shares of Heartland Financial USA during the 2nd quarter worth approximately $1,130,000. Renaissance Technologies LLC raised its stake in Heartland Financial USA by 10.3% in the 1st quarter. Renaissance Technologies LLC now owns 167,700 shares of the bank’s stock valued at $8,377,000 after acquiring an additional 15,700 shares during the period. Geode Capital Management LLC raised its stake in Heartland Financial USA by 10.8% in the 1st quarter. Geode Capital Management LLC now owns 192,703 shares of the bank’s stock valued at $9,625,000 after acquiring an additional 18,783 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Heartland Financial USA by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock valued at $6,783,000 after acquiring an additional 11,397 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in Heartland Financial USA by 66.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 156,477 shares of the bank’s stock valued at $7,370,000 after acquiring an additional 62,361 shares during the period. Institutional investors own 46.52% of the company’s stock.

Shares of Heartland Financial USA, Inc. (NASDAQ HTLF) opened at $50.25 on Tuesday. Heartland Financial USA, Inc. has a 12 month low of $41.63 and a 12 month high of $52.65. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1,497.45, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.67 and a beta of 0.70.

Heartland Financial USA (NASDAQ:HTLF) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. Heartland Financial USA had a return on equity of 9.77% and a net margin of 18.14%. The firm had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. During the same period in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts expect that Heartland Financial USA, Inc. will post 3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, November 16th. Heartland Financial USA’s dividend payout ratio is 14.92%.

A number of equities research analysts recently weighed in on HTLF shares. Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. B. Riley set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, November 14th. FBR & Co set a $50.00 price target on Heartland Financial USA and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub cut Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.33.

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About Heartland Financial USA

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

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