Barclays PLC Acquires 33,533 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Barclays PLC increased its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 65.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,767 shares of the bank’s stock after purchasing an additional 33,533 shares during the quarter. Barclays PLC’s holdings in Heartland Financial USA were worth $4,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Earnest Partners LLC raised its holdings in shares of Heartland Financial USA by 2.1% during the second quarter. Earnest Partners LLC now owns 2,657,168 shares of the bank’s stock valued at $118,111,000 after purchasing an additional 54,030 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Heartland Financial USA by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,384,697 shares of the bank’s stock worth $105,999,000 after purchasing an additional 182,245 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Heartland Financial USA by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock valued at $82,579,000 after buying an additional 53,755 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Heartland Financial USA during the 2nd quarter valued at $46,626,000. Finally, Millennium Management LLC boosted its stake in shares of Heartland Financial USA by 2,309.0% in the 2nd quarter. Millennium Management LLC now owns 710,923 shares of the bank’s stock worth $31,601,000 after buying an additional 681,412 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Heartland Financial USA in a research note on Wednesday. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Heartland Financial USA has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Insiders Place Their Bets

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the completion of the sale, the director now directly owns 6,963 shares in the company, valued at approximately $470,420.28. The trade was a 45.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John K. Schmidt sold 22,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now owns 60,541 shares in the company, valued at $4,136,161.12. The trade was a 27.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,743 shares of company stock valued at $1,958,839. Insiders own 1.80% of the company’s stock.

Heartland Financial USA Trading Up 1.6 %

Shares of HTLF opened at $62.31 on Friday. The company has a market cap of $2.67 billion, a P/E ratio of 34.81 and a beta of 0.97. The company’s fifty day simple moving average is $63.92 and its 200-day simple moving average is $55.42. Heartland Financial USA, Inc. has a twelve month low of $32.03 and a twelve month high of $70.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. The business had revenue of $272.79 million during the quarter, compared to the consensus estimate of $189.51 million. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, analysts expect that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, November 12th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.