MidWestOne Financial Group Inc. Has $5.09 Million Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

MidWestOne Financial Group Inc. reduced its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 2.3% during the second quarter, Holdings Channel.com reports. The fund owned 114,446 shares of the bank’s stock after selling 2,708 shares during the period. Heartland Financial USA makes up about 0.9% of MidWestOne Financial Group Inc.’s portfolio, making the stock its 13th biggest position. MidWestOne Financial Group Inc.’s holdings in Heartland Financial USA were worth $5,087,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HTLF. Clarity Asset Management Inc. acquired a new position in shares of Heartland Financial USA in the 4th quarter worth approximately $50,000. Innealta Capital LLC bought a new stake in Heartland Financial USA during the second quarter valued at $83,000. TFO Wealth Partners LLC boosted its position in Heartland Financial USA by 37,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after acquiring an additional 2,253 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Heartland Financial USA by 695.2% during the 1st quarter. Meeder Asset Management Inc. now owns 2,807 shares of the bank’s stock worth $99,000 after acquiring an additional 2,454 shares during the period. Finally, First Affirmative Financial Network bought a new position in shares of Heartland Financial USA in the 2nd quarter worth about $209,000. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Heartland Financial USA news, EVP Lo B. Nestman sold 4,389 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.14, for a total value of $220,064.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Heartland Financial USA Stock Performance

Shares of Heartland Financial USA stock opened at $56.00 on Friday. The business has a 50-day simple moving average of $53.75 and a 200 day simple moving average of $45.17. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 33.73 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. Heartland Financial USA, Inc. has a one year low of $26.44 and a one year high of $59.16.

Heartland Financial USA (NASDAQ:HTLF) last issued its earnings results on Tuesday, July 30th. The bank reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Heartland Financial USA had a return on equity of 11.11% and a net margin of 7.12%. The company had revenue of $188.92 million for the quarter, compared to analyst estimates of $183.19 million. During the same period in the prior year, the firm earned $1.09 earnings per share. Heartland Financial USA’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that Heartland Financial USA, Inc. will post 4.73 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Tuesday, August 13th. Heartland Financial USA’s payout ratio is 72.29%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HTLF. StockNews.com assumed coverage on Heartland Financial USA in a research report on Saturday, September 21st. They set a “hold” rating on the stock. Keefe, Bruyette & Woods upgraded Heartland Financial USA from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $51.00 to $54.00 in a report on Friday, May 31st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

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.