Tanager Wealth Management LLP Makes New Investment in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Tanager Wealth Management LLP purchased a new position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,174 shares of the bank’s stock, valued at approximately $256,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted 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 worth $82,579,000 after acquiring an additional 53,755 shares during the period. Geode Capital Management LLC raised its stake 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 in the last quarter. Westchester Capital Management LLC raised its stake 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 in the last quarter. Slotnik Capital LLC raised its stake 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 in the last quarter. Finally, Stieven Capital Advisors L.P. raised its stake 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 in the last quarter. Institutional investors and hedge funds 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 Wednesday. The stock’s fifty day moving average is $64.63 and its 200-day moving average is $59.73. The firm has a market capitalization of $2.77 billion, a PE 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 12-month low of $32.03 and a 12-month high of $70.27.

Heartland Financial USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend 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 Transactions at Heartland Financial USA

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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $67.24, for a total transaction of $29,047.68. Following the sale, the executive vice president now directly owns 1,060 shares in the company, valued at approximately $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 have sold 28,743 shares of company stock valued at $1,958,839 over the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Heartland Financial USA in a research note on Friday, January 3rd. They issued 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.