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 issued on Monday. The firm issued a hold rating on the bank’s stock.

Heartland Financial USA Trading Down 2.2 %

Shares of HTLF opened at $64.67 on Monday. Heartland Financial USA has a 52-week low of $32.97 and a 52-week high of $70.27. The stock has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The firm’s fifty day moving average is $64.97 and its two-hundred day moving average is $62.97. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were issued 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 yield of 1.86%. Heartland Financial USA’s payout ratio is 67.04%.

Institutional Investors Weigh In On Heartland Financial USA

Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in Heartland Financial USA during the third quarter worth approximately $426,000. Principal Financial Group Inc. raised its holdings in shares of Heartland Financial USA by 13.1% during the 4th quarter. Principal Financial Group Inc. now owns 32,428 shares of the bank’s stock worth $1,988,000 after acquiring an additional 3,749 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Heartland Financial USA by 30.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,035 shares of the bank’s stock valued at $1,916,000 after acquiring an additional 7,291 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Heartland Financial USA by 18.8% in the third 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 during the period. Finally, Smartleaf Asset Management LLC increased its position in Heartland Financial USA by 77.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after purchasing an additional 406 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

About Heartland Financial USA

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.