OLD National Bancorp IN Sells 15,000 Shares of Heartland Financial USA, Inc. (NASDAQ:HTLF)

OLD National Bancorp IN reduced its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 30.0% during the 4th quarter, HoldingsChannel reports. The fund owned 35,000 shares of the bank’s stock after selling 15,000 shares during the quarter. OLD National Bancorp IN’s holdings in Heartland Financial USA were worth $2,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Integrated Investment Consultants LLC boosted its holdings in Heartland Financial USA by 2.0% in the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after purchasing an additional 170 shares during the period. USA Financial Formulas increased its position in shares of Heartland Financial USA by 28.0% during the third quarter. USA Financial Formulas now owns 1,060 shares of the bank’s stock worth $60,000 after buying an additional 232 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Heartland Financial USA by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock worth $1,756,000 after acquiring an additional 245 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Heartland Financial USA by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,119 shares of the bank’s stock valued at $983,000 after buying an additional 984 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Heartland Financial USA by 9.3% in the third quarter. Captrust Financial Advisors now owns 14,576 shares of the bank’s stock valued at $826,000 after buying an additional 1,240 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Heartland Financial USA Stock Performance

Shares of HTLF stock opened at $66.10 on Friday. The company’s 50-day moving average is $64.84 and its 200 day moving average is $59.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 36.93 and a beta of 0.98. Heartland Financial USA, Inc. has a one year low of $32.03 and a one year high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $272.79 million for the quarter, compared to analysts’ expectations of $189.51 million. Heartland Financial USA had a net margin of 8.79% and a return on equity of 10.81%. During the same quarter in the previous year, the business posted $1.12 earnings per share. Sell-side analysts expect that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors 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 annualized dividend and a dividend yield of 1.82%. Heartland Financial USA’s payout ratio is currently 67.04%.

Insider Activity at Heartland Financial USA

In other news, Director John K. Schmidt sold 22,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the transaction, the director now owns 60,541 shares in the company, valued at $4,136,161.12. This trade represents a 27.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark A. Frank sold 432 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the completion of the sale, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at $71,274.40. This trade represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,743 shares of company stock worth $1,958,839 over the last three months. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a report on Friday, January 3rd. They set a “hold” rating for the company.

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.