Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Principal Securities Inc.

Principal Securities Inc. reduced its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the bank’s stock after selling 227 shares during the quarter. Principal Securities Inc.’s holdings in Heartland Financial USA were worth $48,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HTLF. Integrated Investment Consultants LLC grew its stake in shares of Heartland Financial USA by 2.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after purchasing an additional 170 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Heartland Financial USA by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after buying an additional 245 shares in the last quarter. USA Financial Formulas grew its position in Heartland Financial USA by 90.4% in the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after buying an additional 958 shares in the last quarter. Captrust Financial Advisors increased its stake in Heartland Financial USA by 9.3% during the 3rd quarter. Captrust Financial Advisors now owns 14,576 shares of the bank’s stock valued at $826,000 after buying an additional 1,240 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Heartland Financial USA by 2.7% during the 4th quarter. Rhumbline Advisers now owns 72,009 shares of the bank’s stock worth $4,414,000 after buying an additional 1,865 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at Heartland Financial USA

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.56, for a total transaction of $392,591.16. Following the sale, the director now owns 6,963 shares in the company, valued at approximately $470,420.28. The trade was a 45.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a report on Thursday. They issued a “hold” rating for the company.

Heartland Financial USA Price Performance

Shares of NASDAQ HTLF opened at $64.67 on Friday. Heartland Financial USA, Inc. has a twelve month low of $32.33 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. The firm has a 50-day moving average of $63.90 and a two-hundred day moving average of $61.15. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Tuesday, January 14th. 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.