Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lowered its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 64.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,802 shares of the bank’s stock after selling 19,933 shares during the quarter. Virtu Financial LLC’s holdings in Heartland Financial USA were worth $662,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HTLF. Charles Schwab Investment Management Inc. raised its holdings in Heartland Financial USA by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after purchasing an additional 145,255 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Heartland Financial USA by 4.9% during 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 in the last quarter. Westchester Capital Management LLC lifted its holdings 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 valued at $33,049,000 after buying an additional 421,000 shares during the period. Slotnik Capital LLC boosted its stake in shares of Heartland Financial USA by 14.6% in the third quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock valued at $20,045,000 after buying an additional 45,000 shares in the last quarter. Finally, Stieven Capital Advisors L.P. grew its holdings in Heartland Financial USA by 6.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock worth $21,050,000 after acquiring an additional 19,787 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Heartland Financial USA Price Performance

HTLF stock opened at $64.67 on Tuesday. The firm has a 50 day moving average of $65.02 and a 200-day moving average of $62.60. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Heartland Financial USA, Inc. has a 12-month low of $32.97 and a 12-month high of $70.27.

Heartland Financial USA Dividend Announcement

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 dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 annualized dividend and a yield of 1.86%. Heartland Financial USA’s dividend payout ratio is presently 67.04%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research report on Sunday. They set a “hold” rating on the stock.

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.