Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a report published on Sunday. The brokerage issued a hold rating on the bank’s stock.

Heartland Financial USA Stock Down 2.2 %

Shares of NASDAQ:HTLF opened at $64.67 on Friday. The stock’s 50-day moving average price is $64.98 and its two-hundred day moving average price is $62.53. 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 has a 12-month low of $32.97 and a 12-month high of $70.27. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, January 14th. Heartland Financial USA’s dividend payout ratio is currently 67.04%.

Hedge Funds Weigh In On Heartland Financial USA

Several hedge funds and other institutional investors have recently modified their holdings of HTLF. Intech Investment Management LLC acquired a new position in shares of Heartland Financial USA in the 3rd quarter valued at about $426,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Heartland Financial USA by 3.8% in 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 purchasing an additional 53,755 shares in the last quarter. Algert Global LLC lifted its stake in shares of Heartland Financial USA by 49.5% in the 3rd quarter. Algert Global LLC now owns 17,266 shares of the bank’s stock valued at $979,000 after purchasing an additional 5,720 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Heartland Financial USA by 18.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,890 shares of the bank’s stock valued at $901,000 after purchasing an additional 2,515 shares in the last quarter. Finally, HBK Investments L P acquired a new position in shares of Heartland Financial USA in the 3rd quarter valued at about $935,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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.