Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by New Century Advisors LLC

New Century Advisors LLC cut its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLFGet Rating) by 82.2% during the second quarter, HoldingsChannel reports. The fund owned 660 shares of the bank’s stock after selling 3,046 shares during the period. New Century Advisors LLC’s holdings in Heartland Financial USA were worth $27,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Affirmative Financial Network increased its position in shares of Heartland Financial USA by 5.2% during the first quarter. First Affirmative Financial Network now owns 5,468 shares of the bank’s stock worth $262,000 after acquiring an additional 272 shares during the period. Connable Office Inc. increased its holdings in Heartland Financial USA by 5.0% in the fourth quarter. Connable Office Inc. now owns 7,921 shares of the bank’s stock valued at $401,000 after buying an additional 378 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Heartland Financial USA by 24.9% in the first quarter. Great West Life Assurance Co. Can now owns 2,144 shares of the bank’s stock valued at $109,000 after buying an additional 428 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Heartland Financial USA by 6.7% during the first quarter. Teacher Retirement System of Texas now owns 8,276 shares of the bank’s stock worth $396,000 after purchasing an additional 523 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Heartland Financial USA by 0.6% during the first quarter. Guggenheim Capital LLC now owns 84,583 shares of the bank’s stock worth $4,046,000 after purchasing an additional 529 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors and hedge funds.

Heartland Financial USA Stock Performance

Shares of HTLF traded down $0.64 during mid-day trading on Friday, hitting $43.85. 3,803 shares of the company’s stock were exchanged, compared to its average volume of 93,906. Heartland Financial USA, Inc. has a fifty-two week low of $39.27 and a fifty-two week high of $54.00. The firm has a market capitalization of $1.86 billion, a P/E ratio of 9.51 and a beta of 1.11. The business’s 50 day moving average is $44.88 and its two-hundred day moving average is $44.85. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

Heartland Financial USA (NASDAQ:HTLFGet Rating) last announced its earnings results on Monday, July 25th. The bank reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $177.00 million during the quarter, compared to the consensus estimate of $172.76 million. Heartland Financial USA had a net margin of 28.71% and a return on equity of 11.06%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share. On average, equities analysts expect that Heartland Financial USA, Inc. will post 4.72 earnings per share for the current year.

Heartland Financial USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.46%. Heartland Financial USA’s payout ratio is 23.08%.

Insider Transactions at Heartland Financial USA

In other Heartland Financial USA news, CEO Bruce K. Lee acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average cost of $45.90 per share, with a total value of $91,800.00. Following the purchase, the chief executive officer now directly owns 52,502 shares in the company, valued at approximately $2,409,841.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Heartland Financial USA news, CEO Bruce K. Lee acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average cost of $45.90 per share, with a total value of $91,800.00. Following the purchase, the chief executive officer now directly owns 52,502 shares in the company, valued at approximately $2,409,841.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert B. Engel acquired 1,922 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $26.01 per share, with a total value of $49,991.22. Following the completion of the purchase, the director now owns 8,500 shares in the company, valued at $221,085. The disclosure for this purchase can be found here. Insiders acquired a total of 4,922 shares of company stock valued at $168,041 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

About Heartland Financial USA

(Get Rating)

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, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits.

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

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