Swiss National Bank Purchases 800 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

Swiss National Bank lifted its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,400 shares of the bank’s stock after acquiring an additional 800 shares during the quarter. Swiss National Bank’s holdings in Heartland Financial USA were worth $5,174,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Westchester Capital Management LLC boosted its position in shares of Heartland Financial USA by 260.1% during the third quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock valued at $33,049,000 after buying an additional 421,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in Heartland Financial USA by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock valued at $98,191,000 after acquiring an additional 145,255 shares during the last quarter. ABC Arbitrage SA bought a new position in Heartland Financial USA in the 4th quarter valued at $4,506,000. Geode Capital Management LLC increased its stake in Heartland Financial USA by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after purchasing an additional 47,480 shares during the period. Finally, Slotnik Capital LLC lifted its position in shares of Heartland Financial USA by 14.6% during the third quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock worth $20,045,000 after purchasing an additional 45,000 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Heartland Financial USA Stock Down 2.2 %

Shares of NASDAQ HTLF opened at $64.67 on Tuesday. The stock has a 50 day moving average price of $65.02 and a 200 day moving average price of $62.60. The firm 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, Inc. has a 52-week low of $32.97 and a 52-week high of $70.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.

Heartland Financial USA Dividend Announcement

The company also recently declared 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 payout ratio is 67.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research note on Sunday. They issued a “hold” rating on the stock.

Heartland Financial USA 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.