Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,443 shares of the bank’s stock after selling 2,129 shares during the period. Sei Investments Co. owned about 0.35% of Heartland Financial USA worth $6,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Clarity Asset Management Inc. purchased a new stake in shares of Heartland Financial USA during the fourth quarter worth approximately $50,000. Innealta Capital LLC purchased a new stake in shares of Heartland Financial USA in the 2nd quarter valued at approximately $83,000. TFO Wealth Partners LLC raised its holdings in shares of Heartland Financial USA by 37,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,259 shares of the bank’s stock valued at $85,000 after purchasing an additional 2,253 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of 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 purchasing an additional 2,454 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Heartland Financial USA during the 1st quarter worth $167,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Heartland Financial USA in a research note on Sunday. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Insider Activity

In other news, EVP Lo B. Nestman sold 4,389 shares of Heartland Financial USA stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.14, for a total value of $220,064.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Heartland Financial USA Trading Up 1.3 %

NASDAQ HTLF opened at $56.70 on Tuesday. The firm’s fifty day moving average price is $53.84 and its 200 day moving average price is $45.50. Heartland Financial USA, Inc. has a 12 month low of $26.44 and a 12 month high of $59.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.77 and a quick ratio of 0.75. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 34.16 and a beta of 0.95.

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

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 13th. Heartland Financial USA’s dividend payout ratio is currently 72.29%.

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.