HGK Asset Management Inc. Boosts Holdings in Heartland Financial USA Inc (NASDAQ:HTLF)

HGK Asset Management Inc. raised its holdings in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,063 shares of the bank’s stock after acquiring an additional 1,314 shares during the quarter. HGK Asset Management Inc.’s holdings in Heartland Financial USA were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of HTLF. Norges Bank purchased a new position in Heartland Financial USA during the 4th quarter valued at about $11,912,000. Marshall Wace LLP purchased a new stake in shares of Heartland Financial USA during the first quarter worth about $2,390,000. Geode Capital Management LLC grew its holdings in shares of Heartland Financial USA by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 334,929 shares of the bank’s stock worth $14,720,000 after buying an additional 24,812 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of Heartland Financial USA by 18.1% during the first quarter. Martingale Asset Management L P now owns 126,338 shares of the bank’s stock worth $5,389,000 after buying an additional 19,320 shares in the last quarter. Finally, GYL Financial Synergies LLC purchased a new stake in shares of Heartland Financial USA during the first quarter worth about $538,000. Hedge funds and other institutional investors own 50.48% of the company’s stock.

HTLF stock traded up $2.03 during midday trading on Tuesday, reaching $48.09. 6,233 shares of the company’s stock traded hands, compared to its average volume of 121,542. The company has a market cap of $1.70 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.22 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.81. Heartland Financial USA Inc has a fifty-two week low of $40.80 and a fifty-two week high of $61.95. The stock’s 50-day simple moving average is $44.21.

Heartland Financial USA (NASDAQ:HTLF) last posted its earnings results on Monday, July 29th. The bank reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.32. Heartland Financial USA had a net margin of 20.99% and a return on equity of 9.57%. The business had revenue of $138.77 million for the quarter, compared to analysts’ expectations of $135.69 million. During the same period in the previous year, the company posted $0.85 earnings per share. Equities analysts expect that Heartland Financial USA Inc will post 3.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be given a dividend of $0.18 per share. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, August 8th. Heartland Financial USA’s payout ratio is presently 18.18%.

A number of equities research analysts recently issued reports on HTLF shares. Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. Piper Jaffray Companies lowered their target price on shares of Illumina from $382.00 to $348.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, BidaskClub downgraded shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday.

Heartland Financial USA Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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