N.E.W. Advisory Services LLC Cuts Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

N.E.W. Advisory Services LLC decreased its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 14.8% during the fourth quarter, HoldingsChannel reports. The firm owned 7,027 shares of the bank’s stock after selling 1,225 shares during the period. N.E.W. Advisory Services LLC’s holdings in Heartland Financial USA were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Heartland Financial USA by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock valued at $82,579,000 after purchasing an additional 53,755 shares during the period. Geode Capital Management LLC grew its position in shares of Heartland Financial USA by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after buying an additional 47,480 shares during the last quarter. Westchester Capital Management LLC grew its position in shares of Heartland Financial USA by 260.1% in the 3rd quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock worth $33,049,000 after buying an additional 421,000 shares during the last quarter. Slotnik Capital LLC grew its position in shares of Heartland Financial USA by 14.6% in the 3rd quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock worth $20,045,000 after buying an additional 45,000 shares during the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in shares of Heartland Financial USA by 20.9% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 323,577 shares of the bank’s stock worth $18,347,000 after buying an additional 55,949 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Down 2.2 %

Shares of Heartland Financial USA stock opened at $64.67 on Friday. The firm’s 50 day moving average price is $64.78 and its 200-day moving average price is $59.43. The company has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. 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, Inc. has a 52-week low of $32.03 and a 52-week high of $70.27.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $272.79 million during 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 period last year, the business earned $1.12 EPS. On average, sell-side analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current fiscal year.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, January 14th. Heartland Financial USA’s dividend payout ratio (DPR) is presently 67.04%.

Insider Buying and Selling

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the completion of the sale, the director now directly owns 60,541 shares in the company, valued at approximately $4,136,161.12. The trade was a 27.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $67.56, for a total transaction of $392,591.16. Following the sale, the director now owns 6,963 shares of the company’s stock, valued at approximately $470,420.28. The trade was a 45.49 % 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 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Heartland Financial USA Company 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.