PNC Financial Services Group Inc. Sells 822 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

PNC Financial Services Group Inc. reduced its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 66.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 417 shares of the bank’s stock after selling 822 shares during the period. PNC Financial Services Group Inc.’s holdings in Heartland Financial USA were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Heartland Financial USA by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after purchasing an additional 145,255 shares during the period. Geode Capital Management LLC grew its position in shares of Heartland Financial USA by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after buying an additional 47,480 shares during the period. Westchester Capital Management LLC increased its stake in shares of Heartland Financial USA by 260.1% in the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock valued at $33,049,000 after acquiring an additional 421,000 shares during the last quarter. Slotnik Capital LLC raised its position in shares of Heartland Financial USA by 14.6% in the 3rd quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock valued at $20,045,000 after acquiring an additional 45,000 shares during the period. Finally, Stieven Capital Advisors L.P. boosted its stake in Heartland Financial USA by 6.1% during the 4th quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock worth $21,050,000 after acquiring an additional 19,787 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Heartland Financial USA in a report on Sunday, March 23rd. They set a “hold” rating on the stock.

Heartland Financial USA Stock Performance

Shares of NASDAQ HTLF opened at $64.67 on Friday. 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 company has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. Heartland Financial USA, Inc. has a 12 month low of $32.97 and a 12 month high of $70.27. The stock has a 50 day moving average of $65.02 and a 200-day moving average of $62.71.

Heartland Financial USA Dividend Announcement

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