11,647 Shares in Heartland Financial USA, Inc. (NASDAQ:HTLF) Bought by Steele Capital Management Inc.

Steele Capital Management Inc. purchased a new position in Heartland Financial USA, Inc. (NASDAQ:HTLF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,647 shares of the bank’s stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. HTLF Bank bought a new position in Heartland Financial USA during the 4th quarter valued at about $55,623,000. AQR Capital Management LLC boosted its stake in shares of Heartland Financial USA by 470.7% during the 3rd quarter. AQR Capital Management LLC now owns 272,767 shares of the bank’s stock worth $8,028,000 after acquiring an additional 224,975 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Heartland Financial USA by 166.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 141,996 shares of the bank’s stock valued at $4,179,000 after acquiring an additional 88,739 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Heartland Financial USA by 70.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 209,120 shares of the bank’s stock worth $7,865,000 after purchasing an additional 86,285 shares in the last quarter. Finally, FMR LLC raised its holdings in Heartland Financial USA by 23.3% in the 3rd quarter. FMR LLC now owns 435,990 shares of the bank’s stock worth $12,831,000 after purchasing an additional 82,514 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

HTLF has been the subject of a number of recent analyst reports. Raymond James upgraded shares of Heartland Financial USA from a “market perform” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Thursday, February 29th. Keefe, Bruyette & Woods increased their price target on Heartland Financial USA from $41.00 to $51.00 and gave the company a “market perform” rating in a research note on Tuesday. Piper Sandler increased their target price on Heartland Financial USA from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. TheStreet cut shares of Heartland Financial USA from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Finally, Stephens reiterated an “overweight” rating and set a $45.00 price objective on shares of Heartland Financial USA in a research report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Heartland Financial USA Stock Performance

HTLF stock traded up $2.00 during trading on Tuesday, hitting $43.13. 463,842 shares of the company traded hands, compared to its average volume of 286,247. Heartland Financial USA, Inc. has a 1 year low of $26.10 and a 1 year high of $43.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $1.85 billion, a PE ratio of 25.23 and a beta of 1.06. The stock’s 50-day simple moving average is $34.13 and its 200 day simple moving average is $33.76.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, April 29th. The bank reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Heartland Financial USA had a net margin of 8.57% and a return on equity of 11.56%. The business had revenue of $279.39 million during the quarter, compared to analysts’ expectations of $182.73 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. On average, equities analysts expect that Heartland Financial USA, Inc. will post 4.45 earnings per share for the current fiscal year.

Heartland Financial USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, May 10th. Heartland Financial USA’s dividend payout ratio is presently 71.01%.

Heartland Financial USA 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.